NASDAQ:CIFR Cipher Mining (CIFR) Stock Forecast, Price & News $2.33 -0.05 (-2.10%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$2.26▼$2.4550-Day Range$1.95▼$2.9152-Week Range$0.38▼$3.32Volume712,409 shsAverage Volume854,967 shsMarket Capitalization$580.03 millionP/E RatioN/ADividend YieldN/APrice Target$3.60 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Cipher Mining MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside54.5% Upside$3.60 Price TargetShort InterestBearish21.34% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 8 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.15) to ($0.27) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.96 out of 5 starsBusiness Services Sector195th out of 330 stocksNondepository Credit Institutions Industry21st out of 40 stocks 4.5 Analyst's Opinion Consensus RatingCipher Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.60, Cipher Mining has a forecasted upside of 54.5% from its current price of $2.33.Amount of Analyst CoverageCipher Mining has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted21.34% of the float of Cipher Mining has been sold short.Short Interest Ratio / Days to CoverCipher Mining has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Cipher Mining has recently increased by 6.97%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCipher Mining does not currently pay a dividend.Dividend GrowthCipher Mining does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIFR. Previous Next 3.2 News and Social Media Coverage News SentimentCipher Mining has a news sentiment score of 0.67. 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 higher news sentiment than the 0.46 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Cipher Mining this week, compared to 2 articles on an average week.Search Interest7 people have searched for CIFR on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Cipher Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cipher Mining insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.76% of the stock of Cipher Mining is held by insiders.Percentage Held by InstitutionsOnly 10.80% of the stock of Cipher Mining is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Cipher Mining are expected to decrease in the coming year, from ($0.15) to ($0.27) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cipher Mining is -19.42, 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. SectorThe P/E ratio of Cipher Mining is -19.42, 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 RatioCipher Mining has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cipher Mining (NASDAQ:CIFR) StockCipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.Read More Receive CIFR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cipher Mining and its competitors with MarketBeat's FREE daily newsletter. Email Address CIFR Stock News HeadlinesJune 8, 2023 | americanbankingnews.comCompass Point Initiates Coverage on Cipher Mining (NASDAQ:CIFR)June 7, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Stock Price Down 5%June 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.June 6, 2023 | msn.comCompass Point Initiates Coverage of Cipher Mining (CIFR) with New RecommendationJune 2, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Shares Gap Down to $2.45June 1, 2023 | finance.yahoo.comCipher Mining Announces May 2023 Operational UpdateMay 24, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Stock Price Down 4%May 17, 2023 | americanbankingnews.comCCUR (OTCMKTS:CCUR) vs. Cipher Mining (NASDAQ:CIFR) Critical ComparisonJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.May 14, 2023 | fool.comCipher Mining (NASDAQ: CIFR)May 13, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Shares Down 5% May 13, 2023 | americanbankingnews.comComparing Pagaya Technologies (NASDAQ:PGY) and Cipher Mining (NASDAQ:CIFR)May 11, 2023 | msn.comUnusual Call Option Trade in Cipher Mining (CIFR) Worth $45.90KMay 9, 2023 | msn.comCipher Mining Inc. (CIFR) Reports Q1 Loss, Tops Revenue EstimatesMay 9, 2023 | finance.yahoo.comCipher Mining Provides First Quarter 2023 Business UpdateMay 7, 2023 | americanbankingnews.comCipher Mining (CIFR) to Release Quarterly Earnings on TuesdayMay 1, 2023 | finance.yahoo.comCipher Mining Announces April 2023 Operational UpdateApril 30, 2023 | americanbankingnews.comComparing SOS (NYSE:SOS) & Cipher Mining (NASDAQ:CIFR)April 28, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Shares Gap Up to $2.20April 28, 2023 | americanbankingnews.comCanaccord Genuity Group Begins Coverage on Cipher Mining (NASDAQ:CIFR)April 26, 2023 | finance.yahoo.comCipher Mining Inc. (NASDAQ:CIFR) Is About To Turn The CornerApril 21, 2023 | msn.comWhy Bitcoin Mining Stocks Dropped Like a Rock This WeekApril 21, 2023 | americanbankingnews.comCipher Mining (NASDAQ:CIFR) Trading Down 10.8%April 19, 2023 | msn.comThese Bitcoin-Related Stocks Are Plunging Today, After Impressive Surges Earlier This WeekApril 19, 2023 | americanbankingnews.comFinancial Comparison: Cipher Mining (CIFR) vs. Its CompetitorsApril 17, 2023 | americanbankingnews.comFinancial Comparison: Cipher Mining (CIFR) vs. The CompetitionApril 16, 2023 | americanbankingnews.comSecurity National Financial (NASDAQ:SNFCA) and Cipher Mining (NASDAQ:CIFR) Head-To-Head ReviewSee More Headlines CIFR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIFR Company Calendar Last Earnings3/14/2023Today6/08/2023Next Earnings (Estimated)8/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Nondepository credit institutions Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CIFR CUSIPN/A CIK1819989 Webwww.ciphermining.com Phone332-262-2300FaxN/AEmployees10Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.60 High Stock Price Forecast$4.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+54.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.12) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-39,050,000.00 Net MarginsN/A Pretax Margin-105.27% Return on Equity-32.37% Return on Assets-28.34% Debt Debt-to-Equity Ratio0.03 Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$3.04 million Price / Sales190.80 Cash FlowN/A Price / Cash FlowN/A Book Value$1.39 per share Price / Book1.68Miscellaneous Outstanding Shares248,940,000Free Float243,436,000Market Cap$580.03 million OptionableOptionable Beta2.30 Key ExecutivesMr. Rodney Tyler Page (Age 46)CEO & Director Comp: $225kMr. Edward John Farrell CPA (Age 62)Chief Financial Officer Comp: $150kMr. Patrick Arthur Kelly (Age 43)Chief Operating Officer Comp: $150kMr. William Iwaschuk (Age 47)Chief Legal Officer Comp: $150kMr. Bryan KellerChief Technology OfficerMr. Samy BiyadiHead of PowerMs. Courtney FrazierHead of Corp. OperationsChris TotinChief Construction OfficerMr. Reuben GovenderHead of MarketsMs. Olivia StennettHead of Project ManagementMore ExecutivesKey CompetitorsCompoSecureNASDAQ:CMPOCleanSparkNASDAQ:CLSKHut 8 MiningNASDAQ:HUTBakktNYSE:BKKTPagaya TechnologiesNASDAQ:PGYView All CompetitorsInsiders & InstitutionsMint Tower Capital Management B.V.Bought 226,375 shares on 5/24/2023Ownership: 0.210%Toroso Investments LLCBought 20,500 shares on 5/23/2023Ownership: 0.008%New York State Common Retirement FundBought 13,158 shares on 5/18/2023Ownership: 0.007%State Street CorpBought 17,200 shares on 5/16/2023Ownership: 0.287%Squarepoint Ops LLCBought 12,747 shares on 5/16/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions CIFR Stock - Frequently Asked Questions Should I buy or sell Cipher Mining stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIFR shares. View CIFR analyst ratings or view top-rated stocks. What is Cipher Mining's stock price forecast for 2023? 5 Wall Street research analysts have issued 1 year price targets for Cipher Mining's shares. Their CIFR share price forecasts range from $3.00 to $4.00. On average, they predict the company's share price to reach $3.60 in the next twelve months. This suggests a possible upside of 54.5% from the stock's current price. View analysts price targets for CIFR or view top-rated stocks among Wall Street analysts. How have CIFR shares performed in 2023? Cipher Mining's stock was trading at $0.56 at the beginning of the year. Since then, CIFR stock has increased by 316.1% and is now trading at $2.33. View the best growth stocks for 2023 here. Are investors shorting Cipher Mining? Cipher Mining saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,750,000 shares, an increase of 7.0% from the April 30th total of 8,180,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is currently 6.2 days. Approximately 21.3% of the company's shares are short sold. View Cipher Mining's Short Interest. When is Cipher Mining's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023. View our CIFR earnings forecast. How were Cipher Mining's earnings last quarter? Cipher Mining Inc. (NASDAQ:CIFR) posted its quarterly earnings results on Tuesday, March, 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.14. The company had revenue of $3.04 million for the quarter, compared to analysts' expectations of $4.60 million. What ETFs hold Cipher Mining's stock? ETFs with the largest weight of Cipher Mining (NASDAQ:CIFR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF), VanEck Digital Assets Mining ETF (DAM), Global X Blockchain ETF (BKCH), What is Cipher Mining's stock symbol? Cipher Mining trades on the NASDAQ under the ticker symbol "CIFR." Who are Cipher Mining's major shareholders? Cipher Mining's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.82%), Van ECK Associates Corp (0.43%), Geode Capital Management LLC (0.43%), State Street Corp (0.29%), Mint Tower Capital Management B.V. (0.22%) and Mint Tower Capital Management B.V. (0.22%). Insiders that own company stock include Cary M Grossman and Tyler Page. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Cipher Mining's stock price today? One share of CIFR stock can currently be purchased for approximately $2.33. How much money does Cipher Mining make? Cipher Mining (NASDAQ:CIFR) has a market capitalization of $580.03 million and generates $3.04 million in revenue each year. The company earns $-39,050,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis. How can I contact Cipher Mining? The official website for the company is www.ciphermining.com. The company can be reached via phone at 332-262-2300 or via email at investors@ciphermining.com. This page (NASDAQ:CIFR) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cipher Mining Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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