Cipher Mining Inc Inc. (CIFR) Price Performance: How to Use Technical Analysis to Make Trading Decisions

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 346.39% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 0.39%. Over the past 30 days, the price of CIFR has leaped by -3.85%. And in the last five days, it has fallen by -13.20%.

The stock of Cipher Mining Inc (CIFR) is currently priced at $2.50. In the last session, the stock climbed significantly, topping out at $2.61 after opening at $2.61. The day’s lowest price was $2.46 before the stock closed at $2.47.

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Cipher Mining Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $5.30 on 07/13/23, while the lowest value for the same period was recorded at $0.38 on 12/29/22.

52-week price history of CIFR Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Cipher Mining Inc’s current trading price is -52.79% away from its 52-week high, while its distance from the 52-week low is 554.74%. The stock’s price range during this period has varied between$0.38 and $5.30. The Cipher Mining Inc’s shares, which operate in the Financial, saw a trading volume of around 2.74 million for the day, a figure considerably higher than their average daily volume of 1.71 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Cipher Mining Inc (CIFR) has experienced a quarterly decline of -11.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 636.60M and boasts a workforce of 26 employees.

Cipher Mining Inc: Analysts’ Ratings Unveiled

As of right now, 6 analysts are rating Cipher Mining Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.22, with a change in price of -0.38. Similarly, Cipher Mining Inc recorded 1,732,450 in trading volume during the last 100 days, posting a change of -13.11%.

CIFR’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CIFR stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.05.

CIFR Stock Stochastic Average

Cipher Mining Inc’s raw stochastic average for the past 50 days is presently 13.38%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 4.37%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 8.90% and 14.63%, respectively.

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