There Is A Quest For Clarity Surrounding Cipher Mining Inc (NASDAQ: CIFR) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update.

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Stocks Info

This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of Cipher Mining Inc is $1.22B. A total of 14.16 million shares were traded on the day, compared to an average of 10.64M shares.

In the most recent transaction, Bitfury Top HoldCo B.V. sold 10,000,000 shares of CIFR for 2.95 per share on Nov 09 ’23. After the transaction, the 10% Owner now owns 191,931,387 company shares. In a previous transaction on Aug 17 ’23, Kelly Patrick Arthur sold 35,000 shares at 3.19 per share. CIFR shares that Co-President and COO owns now total 235,351.

Among the insiders who sold shares, Kelly Patrick Arthur disposed of 15,000 shares on Aug 16 ’23 at a per-share price of $3.32. This resulted in the Co-President and COO holding 270,351 shares of CIFR after the transaction. In another insider transaction, Iwaschuk William sold 100,000 shares at $3.58 per share on Aug 10 ’23. Company shares held by the Co-President and CLO now total 173,989.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CIFR has a high of $5.60 and a low of $1.76.

As of this writing, CIFR has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.07 in the last quarter, which was -40.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CIFR’s latest balance sheet shows that the firm has $209.84M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $499.00k in liabilities at the time. Its Book Value Per Share was $1.69, while its Total Shareholder’s Equity was $353.53M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIFR is Buy with a score of 4.57.

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