The Question Is Whether To Buy Or Not To Buy Cipher Mining Inc (NASDAQ: CIFR)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Cipher Mining Announces March 2024 Operational Update.

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Stocks Info

Cipher Mining Inc is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. The current market capitalization of Cipher Mining Inc is $1.45B. A total of 6.52 million shares were traded on the day, compared to an average of 9.63M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CIFR has a high of $5.75 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 6 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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