NASDAQ:CIFR

Cipher Mining (CIFR) Stock Forecast, Price & News

$2.44

-0.22 (-8.27%)

(As of 09/22/2023 ET)

Compare

Today's Range: $2.44
▼
$2.72
50-Day Range: $2.44
▼
$4.76
52-Week Range: $0.38
▼
$5.30

Volume: 804,363 shs
Average Volume: 1.28 million shs
Market Capitalization: $612.34 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.25

Cipher Mining MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 115.2% Upside
$5.25 Price Target
Short Interest: Bearish
29.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.22
Based on 3 Articles This Week
Insider Trading: Selling Shares
$666,550 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.18) to ($0.20) Per Share

Overall MarketRank^™

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

1.90 out of 5 stars

Business Services Sector

195th out of 293 stocks

Nondepository Credit Institutions Industry

23rd out of 45 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 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.25, Cipher Mining has a forecasted upside of 115.2% from its current price of $2.44.
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
29.92% 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 7.3.
Change versus previous month
Short interest in Cipher Mining has recently increased by 11.62%, 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.

1.8

News and Social Media Coverage

News Sentiment
Cipher Mining has a news sentiment score of 0.22. 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 0.54 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cipher Mining this week, compared to 1 article on an average week.
Search Interest
Only 5 people have searched for CIFR on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Cipher Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% 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 $666,550.00 in company stock.
Percentage Held by Insiders
Only 1.76% 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 ($0.18) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cipher Mining is -48.80, 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 -48.80, 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 1.76. 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, 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 Price History

30 days | 90 days | 365 days | Advanced Chart

CIFR Stock News Headlines

September 20, 2023 | americanbankingnews.com

Cipher Mining Inc. (NASDAQ:CIFR) Short Interest Update

September 18, 2023 | americanbankingnews.com

Reviewing Cipher Mining (NASDAQ:CIFR) and Bakkt (NYSE:BKKT)

September 24, 2023 | Behind the Markets (Ad)

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September 18, 2023 | americanbankingnews.com

Cipher Mining Inc. (NASDAQ:CIFR) Receives $5.10 Consensus PT from Brokerages

September 17, 2023 | americanbankingnews.com

BTIG Research Begins Coverage on Cipher Mining (NASDAQ:CIFR)

September 17, 2023 | americanbankingnews.com

Contrasting Cipher Mining (NASDAQ:CIFR) & CNFinance (NYSE:CNF)

September 16, 2023 | msn.com

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

September 14, 2023 | americanbankingnews.com

Coinbase Global (NASDAQ:COIN) & Cipher Mining (NASDAQ:CIFR) Head-To-Head Contrast

September 24, 2023 | Behind the Markets (Ad)

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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

August 31, 2023 | finance.yahoo.com

Cipher Mining Announces Participation in the 3rd Annual Needham Virtual Crypto Conference

August 30, 2023 | markets.businessinsider.com

Cantor Fitzgerald Keeps Their Buy Rating on Cipher Mining (CIFR)

August 23, 2023 | finance.yahoo.com

While shareholders of Cipher Mining (NASDAQ:CIFR) are in the black over 1 year, those who bought a week ago aren't so fortunate

August 21, 2023 | msn.com

No Line Reading Involved: Cipher Mining (CIFR) is a Pure Risk-On Trade Right Now

August 16, 2023 | msn.com

Canaccord Genuity Maintains Cipher Mining (CIFR) Buy Recommendation

August 10, 2023 | msn.com

HC Wainwright & Co. Maintains Cipher Mining (CIFR) Buy Recommendation

August 9, 2023 | markets.businessinsider.com

H.C. Wainwright Reaffirms Their Buy Rating on Cipher Mining (CIFR)

August 8, 2023 | msn.com

Cipher Mining Inc. (CIFR) Reports Q2 Loss, Lags Revenue Estimates

August 8, 2023 | seekingalpha.com

Cipher Mining Inc. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | benzinga.com

Earnings Preview For Cipher Mining

August 8, 2023 | finance.yahoo.com

Cipher Mining Provides Second Quarter 2023 Business Update

August 3, 2023 | msn.com

Needham Maintains Cipher Mining (CIFR) Buy Recommendation

August 2, 2023 | msn.com

Cipher Mining (CIFR) Price Target Increased by 16.67% to 4.28

August 1, 2023 | finance.yahoo.com

Cipher Mining Announces July 2023 Operational Update

See More Headlines

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CIFR Company Calendar

Last Earnings: 8/08/2023
Today: 9/23/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $5.25
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $4.50
Forecasted Upside/Downside: +115.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.05)
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: -16.23%
Return on Equity: -27.03%
Return on Assets: -23.09%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 1.09
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $3.04 million
Price / Sales: 201.43
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.39 per share
Price / Book: 1.76

Miscellaneous

Outstanding Shares: 250,960,000
Free Float: 246,539,000
Market Cap: $612.34 million
Optionable: Optionable
Beta: 2.41

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Key Executives

Mr. Rodney Tyler Page (Age 47)
CEO & Director
Comp: $300k

Mr. Patrick Arthur Kelly (Age 43)
Co-Pres & COO
Comp: $200k

Mr. William Iwaschuk (Age 47)
Co-Pres, Chief Legal Officer & Corp. Sec.
Comp: $200k

Mr. Edward John Farrell CPA (Age 62)
Chief Financial Officer
Comp: $200k

Mr. Richard Carter Jr.
Sr. Accountant

Mr. Bryan Keller
Chief Technology Officer

Ms. Olivia Stennett
Chief Admin. Officer

Mr. Joshua Kane
Head of Investor Relation

Mr. Samy Biyadi
Head of Power

Ms. Courtney Frazier
Head of Corp. Operations

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?: 6 Wall Street 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 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?: 6 equities research analysts have issued twelve-month price targets for Cipher Mining's stock. Their CIFR share price forecasts range from $4.50 to $6.00. On average, they predict the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 115.2% 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 335.7% and is now trading at $2.44.
View the best growth stocks for 2023 here.
Are investors shorting Cipher Mining?: 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 trading volume, of 1,700,000 shares, the days-to-cover ratio is presently 7.3 days. Approximately 29.9% 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 Monday, November 13th 2023.
View our CIFR earnings forecast.
How were Cipher Mining's earnings last quarter?: Cipher Mining Inc. (NASDAQ:CIFR) announced its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.05) earnings per share 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.

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).
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 many different institutional and retail investors. Top institutional shareholders 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.
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 $2.44.
How much money does Cipher Mining make?: Cipher Mining (NASDAQ:CIFR) has a market capitalization of $612.34 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.
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 9/24/2023 by MarketBeat.com Staff

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