The findings of Cipher Mining’s most recent quarterly financial report will be made public on Tuesday, March 14, before the market’s opening.
The company’s ticker symbol is NASDAQ: CIFR. Cipher Mining is expected to report a loss of $0.06 per share for the third quarter, according to the consensus among professionals in the industry.
Those interested in registering for the earnings conference call the company will be holding can do so by following the link in the previous sentence.
On Tuesday, trading on the NASDAQ CIFR got underway with an opening price of $1.58.
During the past twelve months, the price of cipher mining has ranged from a low of $0.38 to a high of $3.94 at its most expensive point.
The company’s moving average over the previous 50 days is $1.28, and the moving average over the previous 200 days is $1.18.Recent times have seen the company receive feedback from various equity research analysts who have been following the company’s progress. February 21 saw the publication of a research note by Needham & Company LLC in which they introduced their coverage of cipher mining.
They suggested that potential investors “buy” company shares and set the price target at $2.70.
In a research note published on February 7, HC Wainwright shifted their rating from “neutral” to “buy” and increased their price objective for Cipher Mining from $1.50 to $3.00.
The price objective had previously been set at $1.50.
Throughout the most recent period, numerous hedge funds and other institutional investors have been active buyers and sellers of CIFR stock.
The percentage of Cipher Mining shares that Shaolin Capital Management LLC owned as of the end of the fourth quarter increased by 37.7% thanks to the company’s expansion during that period. Shaolin Capital Management LLC increased its holdings in the business by 86,250 shares during the most recent fiscal quarter by purchasing 23,595 additional company shares at a total cost of $48,000.
This brings the total number of shares held by the company to 86,250.
During the fourth quarter, a 373.5% increase in the proportion of Cipher Mining stock owned by Jane Street Group LLC was accomplished.
The most recent quarter saw Jane Street Group LLC acquire an additional 54,059 shares, bringing the total number of shares owned to 68,531, valued at $38,000.
This brought their total number of shares owned in the business to 68,531.
Millennium Management LLC invested 182,000 dollars in Cipher Mining during the third and fourth quarters of the fiscal year.
During the final three months of 2018, Two Sigma Investments LP made a new investment in the cipher mining industry for $146,000.
In the fourth quarter of 2017, Renaissance Technologies LLC increased the proportion of Cipher Mining it owns by 1,738.1%.
This is not the least important point, but it is worth mentioning. Renaissance Technologies LLC now has 645,200 shares of the company’s stock after purchasing an additional 610,100 shares during the most recent quarter.
This gives the company a value of $361,000 in stock, based on the current price of the stock.
The company’s stock is held in institutional ownership by investors for 10.80% of the company’s total value.
A technological company with operations in the bitcoin mining market in the United States is known as Cipher Mining Corp.
It participates in the formation and development of a cryptocurrency mining firm with a primary focus on bitcoin, and it has been doing so since the company was founded.
The company did not officially launch its operations until 2021, when it did so in New York, New York, where it had originally established its headquarters.
Tags: CIFR, Analyst Rating
