Cipher Mining (NASDAQ:CIFR - Get Free Report) is anticipated to announce its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $41.45 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.
Cipher Mining Stock Down 9.7 %
CIFR traded down $0.59 during trading on Friday, hitting $5.49. The company had a trading volume of 16,605,560 shares, compared to its average volume of 11,534,073. Cipher Mining has a 1-year low of $2.65 and a 1-year high of $7.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market cap of $1.91 billion, a PE ratio of -42.23 and a beta of 2.41. The business has a 50-day moving average of $5.51 and a 200-day moving average of $5.01.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CIFR shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $7.00 price target on shares of Cipher Mining in a research note on Friday, November 1st. Needham & Company LLC reiterated a "buy" rating and issued a $7.50 target price on shares of Cipher Mining in a research report on Friday, January 31st. BTIG Research upped their price target on Cipher Mining from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods started coverage on Cipher Mining in a research note on Wednesday, January 8th. They set an "outperform" rating on the stock. Finally, Macquarie increased their target price on shares of Cipher Mining from $6.00 to $7.25 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $8.14.
Check Out Our Latest Research Report on CIFR
About Cipher Mining
(
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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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