Cipher Mining (NASDAQ:CIFR – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05), Zacks reports. The company had revenue of $36.81 million during the quarter, compared to analysts’ expectations of $39.17 million. Cipher Mining had a return on equity of 4.66% and a net margin of 13.54%. During the same quarter last year, the company earned ($0.05) EPS.
Cipher Mining Stock Performance
CIFR stock traded down $0.24 during mid-day trading on Wednesday, hitting $3.68. 5,719,273 shares of the company were exchanged, compared to its average volume of 8,844,573. The business has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $4.17. The company has a current ratio of 8.08, a quick ratio of 8.08 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.14 billion, a PE ratio of 64.00 and a beta of 2.29. Cipher Mining has a 1-year low of $2.15 and a 1-year high of $7.99.
Insider Activity
In other news, major shareholder Top Holdco B.V. Bitfury sold 296,357 shares of Cipher Mining stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $3.99, for a total value of $1,182,464.43. Following the completion of the sale, the insider now directly owns 118,223,411 shares in the company, valued at $471,711,409.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 5,302,379 shares of company stock worth $24,285,016. Corporate insiders own 2.25% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Analysis on Cipher Mining
Cipher Mining Company Profile
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.
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