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%.

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) , 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) .

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 .

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: 0.15
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

3.4

Analyst's Opinion

Consensus Rating
Cipher Mining has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.42, Cipher Mining has a forecasted upside of 94.1% from its current price of $2.79.
Amount of Analyst Coverage
Cipher Mining has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
22.10% 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 6.8.
Change versus previous month
Short interest in Cipher Mining has recently decreased by 16.42%, indicating that investor sentiment is improving 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.

2.3

News and Social Media Coverage

News Sentiment
Cipher Mining has a news sentiment score of 0.15. 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 lower news sentiment than the 0.38 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Cipher Mining this week, compared to 1 article on an average week.
Search Interest
23 people have searched for CIFR on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Cipher Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cipher Mining insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $29,500,000.00 in company stock.
Percentage Held by Insiders
Only 2.21% of the stock of Cipher Mining is held by insiders.
Percentage Held by Institutions
Only 6.70% 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 ($0.23) to ($0.38) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cipher Mining is -7.75, 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 -7.75, 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 2.01. 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 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

30 days | 90 days | 365 days | Advanced Chart

CIFR Stock News Headlines

December 5, 2023 | americanbankingnews.com

Cipher Mining's (CIFR) Overweight Rating Reaffirmed at Cantor Fitzgerald

December 4, 2023 | msn.com

Cipher Mining Stock Is Rising Monday: What's Going On?

December 6, 2023 | Edge On The Street (Ad)

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.

December 4, 2023 | finance.yahoo.com

Cipher Mining Announces November 2023 Operational Update

December 3, 2023 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Sees Large Volume Increase

November 29, 2023 | americanbankingnews.com

Cipher Mining Inc. (NASDAQ:CIFR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

November 12, 2023 | finance.yahoo.com

Cipher Mining Inc. (NASDAQ:CIFR) Q3 2023 Earnings Call Transcript

November 11, 2023 | finance.yahoo.com

Cipher Mining Inc. (NASDAQ:CIFR) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

December 6, 2023 | Edge On The Street (Ad)

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.

November 10, 2023 | markets.businessinsider.com

Colonnese Recommends ‘Buy’ for Cipher Mining Amid Expansion and Increased Operational Capacity

November 9, 2023 | markets.businessinsider.com

What 6 Analyst Ratings Have To Say About Cipher Mining

November 8, 2023 | seekingalpha.com

Cipher Mining Inc. 2023 Q3 - Results - Earnings Call Presentation

November 8, 2023 | finance.yahoo.com

Cipher Mining Inc (CIFR) Reports Mixed Q3 2023 Results Amid Expansion Efforts

November 8, 2023 | finance.yahoo.com

Cipher Mining Provides Third Quarter 2023 Business Update

November 2, 2023 | msn.com

7 Growth Stocks Gearing Up to Breakout in Late 2023

November 1, 2023 | finance.yahoo.com

Cipher Mining Announces October 2023 Operational Update

October 19, 2023 | finance.yahoo.com

Cipher Mining Announces Date of Third Quarter 2023 Business Update Conference Call

October 12, 2023 | msn.com

JP Morgan Initiates Coverage of Cipher Mining (CIFR) with Neutral Recommendation

October 3, 2023 | finanznachrichten.de

Cipher Mining Inc.: Cipher Mining Announces September 2023 Operational Update

October 2, 2023 | finance.yahoo.com

Cipher Mining Announces September 2023 Operational Update

September 28, 2023 | seekingalpha.com

Cipher Mining: Low On Cash And Time

September 25, 2023 | markets.businessinsider.com

Expert Ratings for Cipher Mining

September 16, 2023 | msn.com

BTIG Initiates Coverage of Cipher Mining (CIFR) with Buy Recommendation

September 5, 2023 | msn.com

Cantor Fitzgerald Reiterates Cipher Mining (CIFR) Overweight Recommendation

September 1, 2023 | msn.com

7 Best Cryptocurrency Mining Stocks

September 1, 2023 | finance.yahoo.com

Cipher Mining Announces August 2023 Operational Update

September 1, 2023 | msn.com

Cipher Mining (CIFR) Price Target Increased by 21.43% to 5.20

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

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: 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

EPS (Most Recent Fiscal Year): ($0.36)
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: -102.52%
Pretax Margin: -100.87%
Return on Equity: -25.82%
Return on Assets: -21.30%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.40
Quick Ratio: 1.40

Sales & Book Value

Annual Sales: $86.46 million
Price / Sales: 8.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.39 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 254,660,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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%.
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), 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).
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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