Cipher Mining (CIFR) Scheduled to Post Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR) will announce its earnings results before the market opens on Tuesday, May 7th. Parties interested in participating in the company’s conference call can do so using this link.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Cipher Mining had a negative return on equity of 6.78% and a negative net margin of 20.32%. The company had revenue of $43.42 million during the quarter, compared to the consensus estimate of $35.73 million. On average, analysts expect Cipher Mining to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cipher Mining Stock Performance

NASDAQ CIFR opened at $4.04 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.60 and a current ratio of 4.60. Cipher Mining has a 12 month low of $1.76 and a 12 month high of $5.75. The company’s 50 day moving average is $3.94 and its two-hundred day moving average is $3.46.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CIFR shares. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Cipher Mining in a research note on Monday, April 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Cipher Mining in a research note on Tuesday, March 5th. Canaccord Genuity Group reissued a “buy” rating and set a $5.50 target price on shares of Cipher Mining in a research note on Thursday, March 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of Cipher Mining in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cipher Mining presently has a consensus rating of “Moderate Buy” and an average price target of $5.25.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.