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Cipher Mining Inc. (CIFR): How investors can get the most out of their investments

Let’s start up with the current stock price of Cipher Mining Inc. (CIFR), which is $1.82 to be very precise. The Stock rose vividly during the last session to $1.85 after opening rate of $1.42 while the lowest price it went was recorded $1.40 before closing at $1.32.Recently in News on March 1, 2023, Cipher Mining Announces February 2023 Operational Update. Leading Bitcoin Miner Produces 398 Bitcoin and Achieves New All-Time High Hash Rate Capacity of 5.2 EH/s in February 2023. You can read further details here

Cipher Mining Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.9400 on 03/29/22, with the lowest value was $0.3818 for the same time period, recorded on 12/29/22.

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Cipher Mining Inc. (CIFR) full year performance was -39.93%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cipher Mining Inc. shares are logging -53.81% during the 52-week period from high price, and 376.69% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.38 and $3.94.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 2478685 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Cipher Mining Inc. (CIFR) recorded performance in the market was 225.00%, having the revenues showcasing 124.69% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 484.65M, as it employees total of 10 workers.

Specialists analysis on Cipher Mining Inc. (CIFR)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.0835, with a change in the price was noted +0.85. In a similar fashion, Cipher Mining Inc. posted a movement of +88.41% for the period of last 100 days, recording 972,074 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CIFR is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Trends and Technical analysis: Cipher Mining Inc. (CIFR)

Raw Stochastic average of Cipher Mining Inc. in the period of last 50 days is set at 57.11%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 69.14%. In the last 20 days, the company’s Stochastic %K was 28.54% and its Stochastic %D was recorded 18.96%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 225.00%. Additionally, trading for the stock in the period of the last six months notably improved by 8.98%, alongside a downfall of -39.93% for the period of the last 12 months. The shares increased approximately by 15.19% in the 7-day charts and went down by 20.13% in the period of the last 30 days. Common stock shares were driven by 124.69% during last recorded quarter.

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