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 -37.61% away from its 52-week high, while its distance from the 52-week low is 87.76%. The stock’s price range over this period has fluctuated between $2.65 and $7.99. The company, operating within the financial sector, had a trading volume of approximately 5.33 million for the day, which was noticeably lower than the average daily share volume of 11.05 million over the last 3 months.
Cipher Mining Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $7.99 on 07/17/24 and the lowest value was $2.65 on 09/06/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cipher Mining Inc (CIFR) has experienced a quarterly decline of -25.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.73B 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 5.58, with a change in price of +0.94. Similarly, Cipher Mining Inc recorded 10,814,566 in trading volume during the last 100 days, posting a change of +22.87%.
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 26.61%, indicating a decline from the raw stochastic average of the last 20 days, which was 40.43%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 61.28% and 72.39% 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. The metric has seen a significant gain of 7.44% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 23.09%. Over the past 30 days, the price of CIFR has leaped by -9.86%. And in the last five days, it has fallen by -17.74%.
