NASDAQ:CIFR

Cipher Mining (CIFR) Stock Forecast, Price & News

$2.33

-0.05 (-2.10%)

(As of 06/7/2023 ET)

Compare

Today's Range: $2.26
▼
$2.45
50-Day Range: $1.95
▼
$2.91
52-Week Range: $0.38
▼
$3.32

Volume: 712,409 shs
Average Volume: 854,967 shs
Market Capitalization: $580.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.60

Cipher Mining MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 54.5% Upside
$3.60 Price Target
Short Interest: Bearish
21.34% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.67
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.15) to ($0.27) Per Share

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 stars

Business Services Sector

195th out of 330 stocks

Nondepository Credit Institutions Industry

21st out of 40 stocks

4.5

Analyst's Opinion

Consensus Rating
Cipher 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/Downside
According 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 Coverage
Cipher Mining has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
21.34% 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 6.2.
Change versus previous month
Short interest in Cipher Mining has recently increased by 6.97%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Cipher Mining does not currently pay a dividend.
Dividend Growth
Cipher Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIFR.

3.2

News and Social Media Coverage

News Sentiment
Cipher 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 Week
MarketBeat has tracked 8 news articles for Cipher Mining this week, compared to 2 articles on an average week.
Search Interest
7 people have searched for CIFR on MarketBeat in the last 30 days.
MarketBeat Follows
Only 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cipher Mining insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.76% of the stock of Cipher Mining is held by insiders.
Percentage Held by Institutions
Only 10.80% of the stock of Cipher Mining is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Cipher 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.

See Top Rated MarketRank™ Stocks Here

About Cipher Mining (NASDAQ:CIFR) Stock

Cipher 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.

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.

CIFR Stock News Headlines

June 8, 2023 | americanbankingnews.com

Compass Point Initiates Coverage on Cipher Mining (NASDAQ:CIFR)

June 7, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Stock Price Down 5%

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (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.com

Compass Point Initiates Coverage of Cipher Mining (CIFR) with New Recommendation

June 2, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Shares Gap Down to $2.45

June 1, 2023 | finance.yahoo.com

Cipher Mining Announces May 2023 Operational Update

May 24, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Stock Price Down 4%

May 17, 2023 | americanbankingnews.com

CCUR (OTCMKTS:CCUR) vs. Cipher Mining (NASDAQ:CIFR) Critical Comparison

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

May 14, 2023 | fool.com

Cipher Mining (NASDAQ: CIFR)

May 13, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Shares Down 5%

May 13, 2023 | americanbankingnews.com

Comparing Pagaya Technologies (NASDAQ:PGY) and Cipher Mining (NASDAQ:CIFR)

May 11, 2023 | msn.com

Unusual Call Option Trade in Cipher Mining (CIFR) Worth $45.90K

May 9, 2023 | msn.com

Cipher Mining Inc. (CIFR) Reports Q1 Loss, Tops Revenue Estimates

May 9, 2023 | finance.yahoo.com

Cipher Mining Provides First Quarter 2023 Business Update

May 7, 2023 | americanbankingnews.com

Cipher Mining (CIFR) to Release Quarterly Earnings on Tuesday

May 1, 2023 | finance.yahoo.com

Cipher Mining Announces April 2023 Operational Update

April 30, 2023 | americanbankingnews.com

Comparing SOS (NYSE:SOS) & Cipher Mining (NASDAQ:CIFR)

April 28, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Shares Gap Up to $2.20

April 28, 2023 | americanbankingnews.com

Canaccord Genuity Group Begins Coverage on Cipher Mining (NASDAQ:CIFR)

April 26, 2023 | finance.yahoo.com

Cipher Mining Inc. (NASDAQ:CIFR) Is About To Turn The Corner

April 21, 2023 | msn.com

Why Bitcoin Mining Stocks Dropped Like a Rock This Week

April 21, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Trading Down 10.8%

April 19, 2023 | msn.com

These Bitcoin-Related Stocks Are Plunging Today, After Impressive Surges Earlier This Week

April 19, 2023 | americanbankingnews.com

Financial Comparison: Cipher Mining (CIFR) vs. Its Competitors

April 17, 2023 | americanbankingnews.com

Financial Comparison: Cipher Mining (CIFR) vs. The Competition

April 16, 2023 | americanbankingnews.com

Security National Financial (NASDAQ:SNFCA) and Cipher Mining (NASDAQ:CIFR) Head-To-Head Review

See More Headlines

CIFR Price History

30 days | 90 days | 365 days | Advanced Chart

CIFR Company Calendar

Last Earnings: 3/14/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/08/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Business Services
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 Forecast: $3.60
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +54.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.12)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-39,050,000.00
Net Margins: N/A
Pretax Margin: -105.27%
Return on Equity: -32.37%
Return on Assets: -28.34%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 1.10
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $3.04 million
Price / Sales: 190.80
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.39 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 248,940,000
Free Float: 243,436,000
Market Cap: $580.03 million
Optionable: Optionable
Beta: 2.30

Key Executives

Mr. Rodney Tyler Page (Age 46)
CEO & Director
Comp: $225k

Mr. Edward John Farrell CPA (Age 62)
Chief Financial Officer
Comp: $150k

Mr. Patrick Arthur Kelly (Age 43)
Chief Operating Officer
Comp: $150k

Mr. William Iwaschuk (Age 47)
Chief Legal Officer
Comp: $150k

Mr. Bryan Keller
Chief Technology Officer

Mr. Samy Biyadi
Head of Power

Ms. Courtney Frazier
Head of Corp. Operations

Chris Totin
Chief Construction Officer

Mr. Reuben Govender
Head of Markets

Ms. Olivia Stennett
Head of Project Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

Get 30 Days of MarketBeat All Access Free

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.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial