Cipher Mining Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $7.99 on 07/17/24, while the lowest price for the same duration was marked at $2.15 on 01/25/24.
52-week price history of CIFR Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Cipher Mining Inc’s current trading price is -11.26% away from its 52-week high, while its distance from the 52-week low is 229.00%. The stock’s price range during the 52-week period has remained between $2.15 and $7.99. In the Financial sector, the company’s shares saw a trading volume of around 6.15 million for the day, which was evidently lower than the average daily volume of 10.42 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cipher Mining Inc (CIFR) has experienced a quarterly rise of 101.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.47B and boasts a workforce of 35 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.74, with a change in price of +2.78. Similarly, Cipher Mining Inc recorded 10,074,872 in trading volume during the last 100 days, posting a change of +62.75%.
Examining CIFR’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Cipher Mining Inc’s raw stochastic average for the past 50 days is presently 88.59%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 80.69%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 64.23% and 52.67%, 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. Year to date metric has recorded a gain of 71.67%.However, over the last six months, we can see a weaker performance of 91.11%. Over the last 30 days, the price of CIFR has fallen by 34.28%. And in the last five days, it has surged by 14.54%.
