Cipher Mining Stock Price on October 3, 2023
| CIFR Stock | USD 6.45 0.82 14.56% |
If you're considering investing in Cipher Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cipher Mining stands at 6.45, as last reported on the 29th of November, with the highest price reaching 6.45 and the lowest price hitting 5.68 during the day. Cipher Mining is very risky given 3 months investment horizon. Cipher Mining secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use Cipher Mining Mean Deviation of 5.4, risk adjusted performance of 0.1226, and Downside Deviation of 4.88 to evaluate company specific risk that cannot be diversified away.
At this time, Cipher Mining's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 11/29/2024, Stock Based Compensation is likely to grow to about 39.9 M, while Total Stockholder Equity is likely to drop slightly above 326.6 M. . At this time, Cipher Mining's Price Book Value Ratio is relatively stable compared to the past year. As of 11/29/2024, Price Earnings To Growth Ratio is likely to grow to 1.13, while Price Earnings Ratio is likely to drop (42.47). Cipher Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cipher |
Sharpe Ratio = 0.1883
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Estimated Market Risk
| 7.22 actual daily | 64 64% of assets are less volatile |
Expected Return
| 1.36 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Cipher Mining is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cipher Mining by adding it to a well-diversified portfolio.
Price Book 3.3384 | Enterprise Value Ebitda 55.6327 | Price Sales 14.7138 | Shares Float 240.1 M | Wall Street Target Price 8.14 |
Cipher Mining Valuation on October 3, 2023
It is possible to determine the worth of Cipher Mining on a given historical date. On October 3, 2023 Cipher was worth 2.47 at the beginning of the trading date compared to the closed value of 2.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cipher Mining stock. Still, in general, we apply an absolute valuation method to find Cipher Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cipher Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cipher Mining's related companies.
| Open | High | Low | Close | Volume | |
| 2.59 | 2.75 | 2.45 | 2.54 | 1,740,500 | |
10/03/2023 | 2.47 | 2.51 | 2.28 | 2.32 | 964,100 |
| 2.30 | 2.51 | 2.25 | 2.49 | 862,200 |
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Cipher Mining Trading Date Momentum on October 3, 2023
| On October 04 2023 Cipher Mining was traded for 2.49 at the closing time. The top price for the day was 2.51 and the lowest listed price was 2.25 . The trading volume for the day was 862.2 K. The trading history from October 4, 2023 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 7.33% . The overall trading delta against the current closing price is 4.31% . |
Cipher Mining Fundamentals Correlations and Trends
By evaluating Cipher Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cipher Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cipher financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cipher Mining Stock history
Cipher Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cipher is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cipher Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cipher Mining stock prices may prove useful in developing a viable investing in Cipher Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 252.4 M | 256.7 M | |
| Net Loss | -35.1 M | -36.9 M |
Cipher Mining Quarterly Net Working Capital |
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Cipher Mining Stock Technical Analysis
Cipher Mining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cipher Mining Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Cipher Mining cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cipher Mining November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Cipher Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cipher Mining shares will generate the highest return on investment. By undertsting and applying Cipher Mining stock market strength indicators, traders can identify Cipher Mining entry and exit signals to maximize returns
Cipher Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cipher Mining's price direction in advance. Along with the technical and fundamental analysis of Cipher Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cipher to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.518 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1939 | |||
| Treynor Ratio | 0.2255 |
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Additional Tools for Cipher Stock Analysis
When running Cipher Mining's price analysis, check to measure Cipher Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.