Cipher Mining (CIFR) Projected to Post Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $41.45 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Cipher Mining Stock Performance

CIFR stock opened at $6.08 on Friday. Cipher Mining has a twelve month low of $2.65 and a twelve month high of $7.99. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -46.77 and a beta of 2.41. The business’s fifty day simple moving average is $5.51 and its two-hundred day simple moving average is $5.01. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CIFR shares. Cantor Fitzgerald reduced their price target on shares of Cipher Mining from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Cipher Mining in a research report on Friday, November 1st. Northland Securities boosted their price target on Cipher Mining from $6.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. BTIG Research increased their price objective on Cipher Mining from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of Cipher Mining in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cipher Mining presently has an average rating of “Buy” and an average target price of $8.14.

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.