With 9.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.4 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $6.23 whereas the lowest price it dropped to was $5.61. 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 $8.19. Beta for the stock currently stands at 2.27.
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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 down-trending over the past week, with a drop of -15.72%, but this was down by -0.53% over a month. Three-month performance surged to 59.49% while six-month performance rose 48.16%. The stock gained 114.89% in the past year, while it has gained 36.32% so far this year. A look at the trailing 12-month EPS for CIFR yields -0.14 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.07. This implies an EPS growth rate of -116.29% for this year and 92.83% for next year.
Float and Shares Shorts:
At present, 290.96 million CIFR shares are outstanding with a float of 234.35 million shares on hand for trading. On 2024-11-15, short shares totaled 24.01 million, which was 690.0 higher than short shares on 1728950400. 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 0.30239 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 2024-09-30, CIFR reported revenue of $24102000.0 and operating income of -$41810000.0. The EBITDA in the recently reported quarter was -$10820000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIFR since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CIFR analysts setting a high price target of 11.0 and a low target of 6.0, the average target price over the next 12 months is 8.14. Based on these targets, CIFR could surge 95.38% to reach the target high and rise by 6.57% to reach the target low. Reaching the average price target will result in a growth of 44.58% from current levels.
Analysts have provided yearly estimates in a range of -$0.06008056 being high and -$0.3725 being low. For CIFR, this leads to a yearly average estimate of -$0.21629. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.07.
