Cipher Mining (CIFR) Set to Announce Quarterly Earnings

Cipher Mining (NASDAQ:CIFR) is expected to release its quarterly earnings report before the market opens on Tuesday, February 25th. Analysts are predicting that the company will report earnings of ($0.10) per share, alongside a revenue of approximately $41.45 million for the quarter. For those interested in hearing the company's earnings conference call, a link will be available for access.

Cipher Mining Stock Performance

As of Friday, CIFR opened at $5.49, marking a decrease of 9.7%. The stock has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.02. The market capitalization of the company stands at $1.91 billion, with a PE ratio of -42.23 and a beta of 2.41. Over the last year, Cipher Mining's stock has seen a low point of $2.65 and a high point of $7.99. Financial metrics indicate a debt-to-equity ratio of 0.01, a quick ratio of 2.57, and a current ratio of 2.57.

Analyst Ratings for Cipher Mining

Recently, several research firms have provided updates regarding Cipher Mining’s stock. On November 15th, BTIG Research raised their target price from $6.00 to $9.00, maintaining a “buy” rating. On January 31st, Needham & Company LLC reaffirmed their “buy” rating and established a target price of $7.50 for shares of Cipher Mining. Additionally, Keefe, Bruyette & Woods initiated coverage of the company on January 8th, giving it an “outperform” rating. Canaccord Genuity Group also maintained a “buy” rating with a target price of $7.00, which was reiterated by HC Wainwright on the same date. Currently, ten investment analysts have rated Cipher Mining stock as a buy, with two granting it a strong buy rating. According to MarketBeat.com, Cipher Mining holds a consensus rating of “Buy” with an average price target of $8.14.

Cipher Mining Company Overview

Cipher Mining Inc, along with its subsidiaries, focuses on developing and operating large-scale bitcoin mining data centers located in the United States. The firm was founded in 2020 and is based in New York. It operates as a subsidiary of Bitfury Holding B.V.

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