Cipher Mining (NASDAQ:CIFR – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $36.81 million during the quarter, compared to analyst estimates of $39.17 million. Cipher Mining had a net margin of 11.43% and a return on equity of 3.41%. During the same period last year, the firm posted ($0.05) EPS. On average, analysts expect Cipher Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Cipher Mining Stock Down 6.4 %
CIFR stock opened at $5.15 on Thursday. The company has a market capitalization of $1.60 billion, a P/E ratio of 85.83 and a beta of 2.25. Cipher Mining has a 12 month low of $2.15 and a 12 month high of $7.99. The firm’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $4.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.49 and a quick ratio of 8.49.
Insider Buying and Selling
Analyst Upgrades and Downgrades
CIFR has been the topic of several recent research reports. Northland Capmk raised shares of Cipher Mining to a “strong-buy” rating in a report on Wednesday, September 25th. Needham & Company LLC raised their target price on Cipher Mining from $5.00 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Compass Point boosted their price target on Cipher Mining from $7.50 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price objective on shares of Cipher Mining in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 target price on shares of Cipher Mining in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $7.21.
View Our Latest Report on Cipher Mining
About Cipher Mining
Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of 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 operates as a subsidiary of Bitfury Holding B.V.
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