Cipher Mining (CIFR) Expected to Announce Quarterly Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $53.57 million for the quarter.

Cipher Mining Price Performance

Shares of CIFR traded up $0.04 during midday trading on Friday, hitting $3.16. 13,023,082 shares of the company traded hands, compared to its average volume of 11,026,351. Cipher Mining has a 52 week low of $1.86 and a 52 week high of $7.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a 50 day moving average of $2.90 and a 200-day moving average of $4.77. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -24.31 and a beta of 2.65.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC decreased their price objective on Cipher Mining from $7.50 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Rosenblatt Securities initiated coverage on shares of Cipher Mining in a research report on Friday, March 7th. They set a "buy" rating and a $6.50 target price on the stock. Cantor Fitzgerald dropped their price target on Cipher Mining from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods initiated coverage on Cipher Mining in a research report on Wednesday, January 8th. They set an "outperform" rating on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $8.00 target price on shares of Cipher Mining in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $8.13.

About Cipher Mining

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.