With 22.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 15.08 million shares. The 52-week range on CIFR shows that it touched its highest point at $7.99 and its lowest point at $1.86 during that stretch. It currently has a 1-year price target of $6.57. Beta for the stock currently stands at 2.61.
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 -12.61%, but this was up by 9.47% over a month. Three-month performance dropped to -23.53% while six-month performance fell -51.63%. The stock lost -22.00% in the past year, while it has lost -32.76% so far this year. A look at the trailing 12-month EPS for CIFR yields -0.37 with Next year EPS estimates of -0.11. For the next quarter, that number is -0.08. This implies an EPS growth rate of -95.94% for this year and 60.94% for next year. EPS is expected to grow by 51.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -129.25%.
Float and Shares Shorts:
At present, 370.86 million CIFR shares are outstanding with a float of 225.15 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 -$0.17962 being high and -$0.35167 being low. For CIFR, this leads to a yearly average estimate of -$0.24295.
