Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Cipher Mining Inc’s current trading price is -50.25% away from its 52-week high, while its distance from the 52-week low is 84.45%. The stock’s price range over this period has fluctuated between $2.15 and $7.99. The company, operating within the financial sector, had a trading volume of approximately 4.88 million for the day, which was noticeably lower than the average daily share volume of 9.86 million over the last 3 months.
The market performance of Cipher Mining Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $7.99 on 07/17/24, while the lowest value for the same duration was $2.15 on 01/25/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cipher Mining Inc (CIFR) has experienced a quarterly decline of -4.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.31B and boasts a workforce of 35 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.19, with a change in price of -0.51. Similarly, Cipher Mining Inc recorded 9,509,039 in trading volume during the last 100 days, posting a change of -11.52%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CIFR stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.03.
CIFR Stock Stochastic Average
Today, Cipher Mining Inc’s raw stochastic average for the past 50 days stands at 33.29%, indicating a decline from the raw stochastic average of the last 20 days, which was 80.50%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 84.60% and 72.36% respectively.
CIFR Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -3.75%. However, over the past six months, we’ve seen a stronger performance of -22.82%. The price of CIFR fallen by 12.61% over the last 30 days. And in the last five days, it has surged by 37.07%.
