Cipher Mining (CIFR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.27 to $6.67
• 50-Day Range: $2.90 to $7.43
• 52-Week Range: $2.15 to $7.99
• Volume: 5.92 million shs
• Average Volume: 12.81 million shs
• Market Capitalization: $2.31 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.72
• Consensus Rating: Buy

Cipher Mining Stock Analysis - MarketRank™

Cipher Mining scored higher than 39% of companies evaluated by MarketBeat, and ranked 231st out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Cipher Mining has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cipher Mining has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Cipher Mining are expected to decrease in the coming year, from ($0.18) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cipher Mining is -51.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cipher Mining is -51.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cipher Mining has a P/B Ratio of 3.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.32% of the float of Cipher Mining has been sold short.

Short Interest Ratio / Days to Cover

Cipher Mining has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cipher Mining has recently increased by 3.61%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cipher Mining does not currently pay a dividend.

Dividend Growth

Cipher Mining does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.32% of the float of Cipher Mining has been sold short.

Short Interest Ratio / Days to Cover

Cipher Mining has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cipher Mining has recently increased by 3.61%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.39

News Sentiment

Cipher Mining has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Cipher Mining this week, compared to 6 articles on an average week.

Search Interest

Only 20 people have searched for CIFR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

15 people have added Cipher Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 36% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cipher Mining insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $25,974,602.00 in company stock.

Percentage Held by Insiders

Only 2.25% of the stock of Cipher Mining is held by insiders.

Percentage Held by Institutions

Only 12.26% of the stock of Cipher Mining is held by institutions.

CIFR Stock Analysis - Frequently Asked Questions

How have CIFR shares performed this year?

Cipher Mining's stock was trading at $4.13 on January 1st, 2024. Since then, CIFR shares have increased by 60.5% and is now trading at $6.63.
View the best growth stocks for 2024 here.

How were Cipher Mining's earnings last quarter?

Cipher Mining Inc. (NASDAQ:CIFR) posted its quarterly earnings data on Thursday, October, 31st. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.18. The company earned $24.10 million during the quarter, compared to analysts' expectations of $25.84 million. Cipher Mining had a negative net margin of 33.39% and a negative trailing twelve-month return on equity of 8.29%.

Who are Cipher Mining's major shareholders?

Cipher Mining's top institutional investors include State Street Corp (1.99%), Geode Capital Management LLC (1.58%), Van ECK Associates Corp (1.26%) and Charles Schwab Investment Management Inc. (0.68%). Insiders that own company stock include Top Holdco BV Bitfury, Tyler Page, Patrick Arthur Kelly, William Iwaschuk and Cary M Grossman.
View institutional ownership trends.

How do I buy shares of Cipher Mining?

Shares of CIFR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cipher Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cipher Mining investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), CrowdStrike (CRWD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CIFR
• CUSIP: N/A
• CIK: 1819989
• Web: www.ciphermining.com
• Phone: 332-262-2300
• Fax: N/A
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.72
• High Stock Price Target: $9.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +16.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.13)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-25,780,000.00
• Net Margins: -33.39%
• Pretax Margin: -29.70%
• Return on Equity: -8.29%
• Return on Assets: -7.29%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 2.57
• Quick Ratio: 2.57

Sales & Book Value

• Annual Sales: $152.47 million
• Price / Sales: 15.12
• Cash Flow: $0.13 per share
• Price / Cash Flow: 49.38
• Book Value: $1.93 per share
• Price / Book: 3.44

Miscellaneous

• Outstanding Shares: 347,806,000
• Free Float: 339,980,000
• Market Cap: $2.31 billion
• Optionable: Optionable
• Beta: 2.18