2 weeks Ago By ABMN Staff
Cipher Mining Inc. ( NASDAQ:CIFR – Free Report ) – Equities researchers at Northland Capmk issued their Q3 2024 earnings per share (EPS) estimates for shares of Cipher Mining in a research report issued to clients and investors on Wednesday, September 25th. Northland Capmk analyst M.
Grondahl forecasts that the company will post earnings per share of ($0.06) for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock.
The consensus estimate for Cipher Mining’s current full-year earnings is ($0.05) per share. Northland Capmk also issued estimates for Cipher Mining’s Q4 2024 earnings at ($0.
04) EPS, FY2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.
01) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.
05) EPS. CIFR has been the topic of several other research reports. Compass Point lifted their price objective on Cipher Mining from $7.
50 to $9.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Macquarie began coverage on Cipher Mining in a research report on Tuesday, September 24th.
They set an “outperform” rating and a $6.00 target price for the company. Needham & Company LLC raised their target price on Cipher Mining from $5.
00 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Cantor Fitzgerald restated an “overweight” rating and set a $9.
00 target price on shares of Cipher Mining in a research report on Tuesday, September 3rd. Finally, HC Wainwright raised their target price on Cipher Mining from $5.50 to $6.
00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cipher Mining has an average rating of “Buy” and an average target price of $7.
21. Cipher Mining Stock Performance CIFR opened at $4.11 on Monday.
Cipher Mining has a 12-month low of $2.15 and a 12-month high of $7.99.
The firm has a market capitalization of $1.27 billion, a P/E ratio of 68.50 and a beta of 2.
24. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $4.
21. The company has a quick ratio of 8.49, a current ratio of 8.
49 and a debt-to-equity ratio of 0.01. Cipher Mining ( NASDAQ:CIFR – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 13th.
The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05).
The business had revenue of $36.81 million for the quarter, compared to analyst estimates of $39.17 million.
Cipher Mining had a return on equity of 3.41% and a net margin of 11.43%.
During the same quarter in the prior year, the firm posted ($0.05) EPS. Institutional Trading of Cipher Mining Several institutional investors and hedge funds have recently bought and sold shares of CIFR.
Senator Investment Group LP bought a new stake in Cipher Mining in the second quarter valued at approximately $1,190,000. Algert Global LLC bought a new stake in Cipher Mining in the second quarter valued at approximately $75,000. Scientech Research LLC raised its stake in Cipher Mining by 122.
9% in the second quarter. Scientech Research LLC now owns 203,510 shares of the company’s stock valued at $845,000 after buying an additional 112,202 shares during the period. The Manufacturers Life Insurance Company raised its stake in Cipher Mining by 246.
2% in the second quarter. The Manufacturers Life Insurance Company now owns 67,126 shares of the company’s stock valued at $279,000 after buying an additional 47,738 shares during the period. Finally, Millennium Management LLC raised its stake in Cipher Mining by 122.
8% in the second quarter. Millennium Management LLC now owns 5,330,887 shares of the company’s stock valued at $22,123,000 after buying an additional 2,938,184 shares during the period. Institutional investors own 12.
26% of the company’s stock. Insider Buying and Selling at Cipher Mining In other Cipher Mining news, major shareholder Top Holdco B.V.
Bitfury sold 609,644 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $6.23, for a total value of $3,798,082.
12. Following the completion of the transaction, the insider now directly owns 109,911,187 shares of the company’s stock, valued at $684,746,695.01.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . In related news, insider William Iwaschuk sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3.
94, for a total transaction of $591,000.00. Following the sale, the insider now owns 619,148 shares in the company, valued at $2,439,443.
12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, major shareholder Top Holdco B.
V. Bitfury sold 609,644 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $6.
23, for a total value of $3,798,082.12. Following the sale, the insider now owns 109,911,187 shares in the company, valued at approximately $684,746,695.
01. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 6,462,980 shares of company stock valued at $20,795,679.
Company insiders own 2.25% of the company’s stock. Cipher Mining Company Profile ( Get Free Report ) Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States.
The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.
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