With 8.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.92 million shares. The 52-week range on CIFR shows that it touched its highest point at $7.99 and its lowest point at $2.65 during that stretch. It currently has a 1-year price target of $8.43. Beta for the stock currently stands at 2.42.
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 5.61%, but this was up by 10.87% over a month. Three-month performance dropped to -6.23% while six-month performance rose 56.77%. The stock gained 43.33% in the past year, while it has gained 29.74% so far this year. A look at the trailing 12-month EPS for CIFR yields -0.14 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.09. This implies an EPS growth rate of -142.95% for this year and 94.87% for next year.
Float and Shares Shorts:
At present, 347.80 million CIFR shares are outstanding with a float of 239.57 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.19276 being high and -$0.3309 being low. For CIFR, this leads to a yearly average estimate of -$0.24295. 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.
