With 11.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.58 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $3.88 whereas the lowest price it dropped to was $3.475. The 52-week range on CIFR shows that it touched its highest point at $7.99 and its lowest point at $2.15 during that stretch. It currently has a 1-year price target of $7.39. Beta for the stock currently stands at 2.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIFR was up-trending over the past week, with a rise of 4.07%, but this was up by 1.99% over a month. Three-month performance dropped to -21.83% while six-month performance fell -16.55%. The stock gained 53.65% in the past year, while it has lost -13.32% so far this year. A look at the trailing 12-month EPS for CIFR yields 0.05 with Next year EPS estimates of 0.10. For the next quarter, that number is -0.07. This implies an EPS growth rate of 59.02% for this year and 353.07% for next year.
Float and Shares Shorts:
At present, 290.96 million CIFR shares are outstanding with a float of 220.19 million shares on hand for trading. On 2024-09-13, short shares totaled 22.36 million, which was 667.0000399999999 higher than short shares on 1723680000. In addition to Mr. Rodney Tyler Page as the firm’s CEO & Director, Mr. Patrick Arthur Kelly serves as its Co-President & COO.
Institutional Ownership:
Through their ownership of 0.29132 of CIFR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CIFR reported revenue of $36808000.0 and operating income of -$21265000.0. The EBITDA in the recently reported quarter was $500000.0 and diluted EPS was -$0.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIFR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
