Cipher Mining Inc (NASDAQ:CIFR) shares, rose in value on Wednesday, April 16, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $2.33.
Actively observing the price movement in the last trading, the stock closed the session at $2.32, falling within a range of $2.22 and $2.36. The value of beta (5-year monthly) was 2.662. Referring to stock’s 52-week performance, its high was $7.99, and the low was $1.86. On the whole, CIFR has fluctuated by -18.99% over the past month.
With the market capitalization of Cipher Mining Inc currently standing at about $840.56 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 282.18M, with a low estimate of 47M and a high estimate of 65.58M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 53.66M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CIFR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CIFR currently trading nearly -7.08% and -37.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.90, while the 7-day volatility ratio is showing 10.34% which for the 30-day chart, stands at 12.18%. Furthermore, Cipher Mining Inc (CIFR)’s beta value is 2.61, and its average true range (ATR) is 0.34.
A comparison of Cipher Mining Inc (CIFR) with its peers suggests the former has fared considerably weaker in the market. CIFR showed an intraday change of 0.22% in last session, and over the past year, it shrunk by -36.30%%.
Data on historical trading for Cipher Mining Inc (NASDAQ:CIFR) indicates that the trading volumes over the past 10 days have averaged 12.07 and over the past 3 months, they’ve averaged 14.25 million. According to company’s latest data on outstanding shares, there are 350.78 million shares outstanding.
Nearly 29.96% of Cipher Mining Inc’s shares belong to company insiders and institutional investors own 35.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.0 million shares as on 2025-03-31, resulting in a short ratio of 2.53. According to the data, the short interest in Cipher Mining Inc (CIFR) stood at 1525.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 27.16 million. The stock has fallen by -49.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CIFR stock heading into the next quarter.
