9 analysts have expressed a variety of opinions on Cipher Mining CIFR over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 4 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 4 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $8.08, a high estimate of $11.00, and a low estimate of $7.00. Witnessing a positive shift, the current average has risen by 11.45% from the previous average price target of $7.25.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Cipher Mining among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Todaro | Needham | Maintains | Buy | $7.50 | $7.50 |
| Brett Knoblauch | Cantor Fitzgerald | Maintains | Overweight | $11.00 | $11.00 |
| Reginald Smith | JP Morgan | Announces | Overweight | $8.00 | - |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $8.50 | $6.00 |
| Gregory Lewis | BTIG | Raises | Buy | $9.00 | $6.00 |
| Paul Golding | Macquarie | Raises | Outperform | $7.25 | $6.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $7.00 | $7.00 |
| John Todaro | Needham | Maintains | Buy | $7.50 | $7.50 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $7.00 | $7.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cipher Mining. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Cipher Mining compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Cipher Mining's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cipher Mining's market position. Stay informed and make well-informed decisions with our Ratings Table.
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Discovering Cipher Mining: A Closer Look
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Understanding the Numbers: Cipher Mining's Finances
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Cipher Mining's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -20.47% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Cipher Mining's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -359.95%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Cipher Mining's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -12.73%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Cipher Mining's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -11.19%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.
Analyst Ratings: Simplified
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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