A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Cipher Mining Inc’s current trading price is -28.29% away from its 52-week high, while its distance from the 52-week low is 138.75%. The stock’s price range for this time frame has been between $2.40 and $7.99. The trading volume of the company’s shares in the Financial reached around 43.01 million for the day, which was evidently higher than the average daily volume of 11.07 million 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 $2.40 on 02/06/24.
How Financial Performance Impacts Market Capitalization
Cipher Mining Inc (CIFR) has experienced a quarterly rise of 6.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.99B 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 5.19, with a change in price of +3.03. Similarly, Cipher Mining Inc recorded 11,033,737 in trading volume during the last 100 days, posting a change of +112.22%.
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
The raw stochastic average for Cipher Mining Inc over the last 50 days is presently at 45.66%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 70.56%. Further, the company’s Stochastic %K and %D values for the last 20 days were 37.95% and 25.11%, respectively.
CIFR Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 23.49%. However, over the past six months, we’ve seen a weaker performance of 9.56%. The price of CIFR fallen by 22.96% over the last 30 days. And in the last five days, it has fallen by -2.88%.
