Cipher Mining (CIFR) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last twelve months. There are currently 6 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.

6 brokerages have issued 1-year price targets for Cipher Mining's stock. Their CIFR share price forecasts range from $4.50 to $6.00. On average, they expect the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 97.4% from the stock's current price.
View analysts price targets for CIFR or view top-rated stocks among Wall Street analysts.

Cipher Mining's stock was trading at $0.56 on January 1st, 2023. Since then, CIFR stock has increased by 375.0% and is now trading at $2.66.
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Cipher Mining saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,490,000 shares, an increase of 11.6% from the August 15th total of 11,190,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 7.3 days. Approximately 29.9% of the shares of the company are sold short.
View Cipher Mining's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our CIFR earnings forecast.

Cipher Mining Inc. (NASDAQ:CIFR) announced its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by $0.02. The business had revenue of $31.22 million for the quarter, compared to analysts' expectations of $32.20 million.

ETFs with the largest weight of Cipher Mining (NASDAQ:CIFR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), VanEck Digital Assets Mining ETF (DAM), Global X Blockchain ETF (BKCH), Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Bitwise Crypto Industry Innovators ETF (BITQ).First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT).

Cipher Mining trades on the NASDAQ under the ticker symbol "CIFR."

Cipher Mining's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (0.97%), State Street Corp (0.88%), Geode Capital Management LLC (0.56%), Van ECK Associates Corp (0.46%), Mirae Asset Global Investments Co. Ltd. (0.39%) and Mint Tower Capital Management B.V. (0.23%). Insiders that own company stock include Cary M Grossman, Tyler Page and William Iwaschuk.
View institutional ownership trends.

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.
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One share of CIFR stock can currently be purchased for approximately $2.66.

Cipher Mining (NASDAQ:CIFR) has a market capitalization of $667.55 million and generates $3.04 million in revenue each year. The company earns $-39,050,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis.

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.