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SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Energy Storage Trend Ignites Frenzy Over Vanadium Supply (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Energy Storage Trend Ignites Frenzy Over Vanadium Supply (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

Cipher Mining Stock Price, News & Analysis (NASDAQ:CIFR)

$2.79
-0.20 (-6.69%)
(As of 12/5/2023 ET)
Compare
Today's Range
$2.77
$3.13
50-Day Range
$2.31
$4.10
52-Week Range
$0.38
$5.30
Volume
6.57 million shs
Average Volume
1.65 million shs
Market Capitalization
$710.50 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.42

Cipher Mining MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
94.1% Upside
$5.42 Price Target
Short Interest
Healthy
22.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.15mentions of Cipher Mining in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$29.50 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.23) to ($0.38) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Business Services Sector

199th out of 285 stocks

Nondepository Credit Institutions Industry

27th out of 46 stocks


CIFR stock logo

About Cipher Mining Stock (NASDAQ:CIFR)

Cipher Mining Inc., a technology company, develops and operates 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. is a subsidiary of Bitfury Holding B.V.

CIFR Stock Price History

CIFR Stock News Headlines

Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Cipher Mining Announces November 2023 Operational Update
Cipher Mining (NASDAQ:CIFR) Sees Large Volume Increase
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
What 6 Analyst Ratings Have To Say About Cipher Mining
Cipher Mining Provides Third Quarter 2023 Business Update
Cipher Mining Announces October 2023 Operational Update
Cipher Mining: Low On Cash And Time
Expert Ratings for Cipher Mining
7 Best Cryptocurrency Mining Stocks
Cipher Mining Announces August 2023 Operational Update
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/12/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:CIFR
Fax
N/A
Employees
26
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.42
High Stock Price Target
$6.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+94.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$-39,050,000.00
Net Margins
-102.52%
Pretax Margin
-100.87%

Debt

Sales & Book Value

Annual Sales
$86.46 million
Book Value
$1.39 per share

Miscellaneous

Free Float
249,032,000
Market Cap
$710.50 million
Optionable
Optionable
Beta
1.98
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Key Executives

  • Mr. Rodney Tyler Page (Age 47)
    CEO & Director
    Comp: $300k
  • Mr. Patrick Arthur Kelly (Age 43)
    Co-President & COO
    Comp: $200k
  • Mr. William Iwaschuk (Age 47)
    Co-President, Chief Legal Officer & Corporate Secretary
    Comp: $200k
  • Mr. Edward John Farrell CPA (Age 62)
    Chief Financial Officer
    Comp: $200k
  • Mr. Richard Carter Jr.
    Senior Accountant
  • Mr. Bryan Keller
    Chief Technology Officer
  • Ms. Olivia Stennett
    Chief Administrative Officer
  • Mr. Joshua Kane
    Head of Investor Relation
  • Mr. Samy Biyadi
    Head of Power
  • Ms. Courtney Frazier
    Head of Corporate Operations














CIFR Stock Analysis - Frequently Asked Questions

Should I buy or sell Cipher Mining stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CIFR shares.
View CIFR analyst ratings
or view top-rated stocks.

What is Cipher Mining's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price objectives for Cipher Mining's stock. Their CIFR share price targets range from $4.50 to $6.00. On average, they expect the company's stock price to reach $5.42 in the next twelve months. This suggests a possible upside of 94.1% 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 shares have increased by 398.2% and is now trading at $2.79.
View the best growth stocks for 2023 here
.

Are investors shorting Cipher Mining?

Cipher Mining saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 11,810,000 shares, a decline of 16.4% from the October 31st total of 14,130,000 shares. Based on an average daily volume of 1,740,000 shares, the days-to-cover ratio is presently 6.8 days. Currently, 22.1% of the shares of the stock are sold short.
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, March 12th 2024.
View our CIFR earnings forecast
.

How were Cipher Mining's earnings last quarter?

Cipher Mining Inc. (NASDAQ:CIFR) posted its quarterly earnings data on Wednesday, November, 8th. The company reported ($0.07) EPS for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $30.30 million for the quarter, compared to the consensus estimate of $32.43 million. Cipher Mining had a negative trailing twelve-month return on equity of 25.82% and a negative net margin of 102.52%.

Who are Cipher Mining's major shareholders?

Cipher Mining's stock is owned by a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (0.56%), Mirae Asset Global Investments Co. Ltd. (0.37%), Charles Schwab Investment Management Inc. (0.15%), Northern Trust Corp (0.14%), Exchange Traded Concepts LLC (0.13%) and Goldentree Asset Management LP (0.08%). Insiders that own company stock include Cary M Grossman, Top Holdco BV Bitfury, Tyler Page and William Iwaschuk.
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.

This page (NASDAQ:CIFR) was last updated on 12/6/2023 by MarketBeat.com Staff

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