Cipher Mining (CIFR) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CIFR shares.
View CIFR analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12-month target prices for Cipher Mining's stock. Their CIFR share price forecasts range from $3.00 to $4.00. On average, they expect the company's stock price to reach $3.50 in the next year. This suggests a possible upside of 46.4% 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 shares have increased by 326.8% and is now trading at $2.39.
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Cipher Mining saw a increase in short interest in 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 trading volume of 1,420,000 shares, the days-to-cover ratio is currently 6.2 days. Currently, 21.3% of the company's shares are short sold.
View Cipher Mining's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our CIFR earnings forecast.

Cipher Mining Inc. (NASDAQ:CIFR) announced its quarterly earnings results on Tuesday, March, 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.14. The firm earned $3.04 million during the quarter, compared to analysts' expectations of $4.60 million.

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),

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

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.

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 $2.39.

Cipher Mining (NASDAQ:CIFR) has a market capitalization of $594.97 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.

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.