Cipher Mining (CIFR) to Release Quarterly Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR) will likely be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $41.45 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Cipher Mining Trading Down 9.7 %

CIFR stock opened at $5.49 on Friday. The company has a market cap of $1.91 billion, a P/E ratio of -42.23 and a beta of 2.41. Cipher Mining has a twelve month low of $2.65 and a twelve month high of $7.99. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $5.50 and a 200-day moving average of $5.02.

Wall Street Analysts Forecast Growth

CIFR has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $7.50 price target on shares of Cipher Mining in a report on Friday, January 31st. BTIG Research increased their price target on Cipher Mining from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upgraded Cipher Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a report on Tuesday, December 10th. Macquarie increased their price target on Cipher Mining from $6.00 to $7.25 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald lowered their price target on Cipher Mining from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Ten analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Cipher Mining has an average rating of “Buy” and a consensus target price of $8.14.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.