Cipher Mining Stock Today
| CIFR Stock | USD 3.93 0.24 6.50% |
Performance10 of 100
| Odds Of DistressLess than 25
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Cipher Mining is selling at 3.93 as of the 3rd of May 2024; that is 6.50 percent up since the beginning of the trading day. The stock's lowest day price was 3.71. Cipher Mining has about a 25 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat ok performance during the last 90 days. Equity ratings for Cipher Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 30th of August 2021 | Classification Financials |
Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. The company was incorporated in 2021 and is based in New York, New York. Cipher Mining operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. The company has 296.49 M outstanding shares of which 13.34 M shares are currently shorted by private and institutional investors with about 1.41 trading days to cover. More on Cipher Mining
Moving together with Cipher Stock
| 0.66 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.7 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
Moving against Cipher Stock
| 0.61 | NCPL | Netcapital | PairCorr |
| 0.56 | MEGL | Magic Empire Global | PairCorr |
| 0.51 | ECPG | Encore Capital Group Earnings Call This Week | PairCorr |
| 0.44 | PJT | PJT Partners Financial Report 7th of May 2024 | PairCorr |
Cipher Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cipher Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cipher Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CoPresident COO | Patrick Kelly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Carador Income Fund plc, Empress Resources Corp] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cipher Mining report their recommendations after researching Cipher Mining's financial statements, talking to executives and customers, or listening in on Cipher Mining's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cipher Mining. The Cipher consensus assessment is calculated by taking the average forecast from all of the analysts covering Cipher Mining. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Cipher Mining's historical financial statements, Cipher Mining is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Cipher Mining is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Cipher Mining's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cipher Mining's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cipher Mining's financial leverage. It provides some insight into what part of Cipher Mining's total assets is financed by creditors.
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Cipher Mining (CIFR) is traded on NASDAQ Exchange in USA. It is located in 1 Vanderbilt Avenue, New York, NY, United States, 10017 and employs 35 people. Cipher Mining is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cipher Mining's market, we take the total number of its shares issued and multiply it by Cipher Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cipher Mining conducts business under Capital Markets sector and is part of Financials industry. The entity has 296.49 M outstanding shares of which 13.34 M shares are currently shorted by private and institutional investors with about 1.41 trading days to cover.
Cipher Mining currently holds about 37.04 M in cash with (94.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15.
Check Cipher Mining Probability Of Bankruptcy
Ownership AllocationCipher Mining retains a total of 296.49 Million outstanding shares. Cipher Mining retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Cipher Ownership Details
Cipher Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Cipher Mining jumping above the current price in 90 days from now is about 40.54%. The Cipher Mining probability density function shows the probability of Cipher Mining stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 5.7515 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cipher Mining will likely underperform. Additionally, cipher Mining has an alpha of 0.4394, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Cipher Mining to move above the current price in 90 days from now is about 40.54 (This Cipher Mining probability density function shows the probability of Cipher Stock to fall within a particular range of prices over 90 days) .
Cipher Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cipher Mining that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cipher Mining's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cipher Mining's value.| Instituion | Recorded On | Shares | |
| Millennium Management Llc | 2023-12-31 | 851.7 K | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 699.2 K | |
| Exchange Traded Concepts, Llc | 2023-12-31 | 693.1 K | |
| Group One Trading, Lp | 2023-12-31 | 691.6 K | |
| Shariaportfolio, Inc. | 2023-12-31 | 595.8 K | |
| Anson Funds Management Lp | 2023-12-31 | 500 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 423.7 K | |
| Northern Trust Corp | 2023-12-31 | 385.3 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 378.4 K | |
| Tidal Investments Llc. | 2023-12-31 | 4 M | |
| Vanguard Group Inc | 2023-12-31 | 3.5 M |
Cipher Mining Historical Income Statement
Cipher Mining Income Statement is one of the three primary financial statements used for reporting Cipher's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cipher Mining revenue and expense. Cipher Mining Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cipher Mining's Depreciation And Amortization is relatively stable compared to the past year. As of 05/03/2024, Interest Expense is likely to grow to about 2.1 M, while EBIT is likely to drop (69 M). View More FundamentalsCipher Stock Against Markets
Picking the right benchmark for Cipher Mining stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cipher Mining stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cipher Mining is critical whether you are bullish or bearish towards Cipher Mining at a given time. Please also check how Cipher Mining's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cipher Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cipher Mining Corporate Management
Elected by the shareholders, the Cipher Mining's board of directors comprises two types of representatives: Cipher Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cipher. The board's role is to monitor Cipher Mining's management team and ensure that shareholders' interests are well served. Cipher Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cipher Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris Totin | Chief Officer | Profile | |
| Courtney Frazier | Head Operations | Profile | |
| Joshua Kane | Head Relation | Profile | |
| Edward CPA | Chief Officer | Profile | |
| Samy Biyadi | Head Power | Profile | |
| Reuben Govender | Head Markets | Profile |
How to buy Cipher Stock?
Before investing in Cipher Mining, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cipher Mining. To buy Cipher Mining stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cipher Mining. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cipher Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cipher Mining stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cipher Mining stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cipher Mining, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.
Already Invested in Cipher Mining?
The danger of trading Cipher Mining is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cipher Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cipher Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cipher Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cipher Mining is a strong investment it is important to analyze Cipher Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cipher Mining's future performance. For an informed investment choice regarding Cipher Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. To learn how to invest in Cipher Stock, please use our How to Invest in Cipher Mining guide.Note that the Cipher Mining information on this page should be used as a complementary analysis to other Cipher Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Cipher Stock analysis
When running Cipher Mining's price analysis, check to measure Cipher Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.
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Is Cipher Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cipher Mining. If investors know Cipher will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cipher Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 0.502 | Quarterly Revenue Growth 13.297 | Return On Assets (0.07) | Return On Equity (0.06) |
The market value of Cipher Mining is measured differently than its book value, which is the value of Cipher that is recorded on the company's balance sheet. Investors also form their own opinion of Cipher Mining's value that differs from its market value or its book value, called intrinsic value, which is Cipher Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cipher Mining's market value can be influenced by many factors that don't directly affect Cipher Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cipher Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cipher Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cipher Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.