Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cipher Mining Inc’s current trading price is -16.58% away from its 52-week high, while its distance from the 52-week low is 209.29%. The stock’s price range during this period has varied between $2.15 and $7.99. The company, active in the Financial sector, saw a trading volume of around 5.21 million for the day, considerably lower average daily volume of 10.7 million observed over the last three months.
Cipher Mining Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $7.99 on 07/17/24, and the lowest price during the same period was recorded at $2.15 on 01/25/24.
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How Financial Performance Impacts Market Capitalization
Cipher Mining Inc (CIFR) has experienced a quarterly rise of 114.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.39B and boasts a workforce of 35 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of +0.63. Similarly, Cipher Mining Inc recorded 9,806,332 in trading volume during the last 100 days, posting a change of +10.42%.
How CIFR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
As of today, the raw stochastic average of Cipher Mining Inc over the past 50 days is 73.34%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 46.99%. Additionally, the Stochastic %K and %D values for the company were 58.56% and 57.56%, respectively, over the past 20 days.
CIFR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 61.38%.However, over the last six months, we can see a weaker performance of 59.45%. Over the last 30 days, the price of CIFR has leaped by -4.10%. And in the last five days, it has surged by 5.80%.
