We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cipher Mining Inc. (CIFR) Stock Moves -1.27%: What You Should Know
Read MoreHide Full Article
Cipher Mining Inc. (CIFR - Free Report) closed at $2.34 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was more than the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.
Heading into today, shares of the company had lost 18.84% over the past month, lagging the Business Services sector's loss of 1.14% and the S&P 500's loss of 5.6% in that time.
The investment community will be closely monitoring the performance of Cipher Mining Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.11, down 184.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $49.35 million, up 2.51% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.38 per share and a revenue of $257.74 million, demonstrating changes of -171.43% and +70.38%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Cipher Mining Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Cipher Mining Inc. presently features a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 60, putting it in the top 25% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cipher Mining Inc. (CIFR) Stock Moves -1.27%: What You Should Know
Cipher Mining Inc. (CIFR - Free Report) closed at $2.34 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was more than the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.
Heading into today, shares of the company had lost 18.84% over the past month, lagging the Business Services sector's loss of 1.14% and the S&P 500's loss of 5.6% in that time.
The investment community will be closely monitoring the performance of Cipher Mining Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.11, down 184.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $49.35 million, up 2.51% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.38 per share and a revenue of $257.74 million, demonstrating changes of -171.43% and +70.38%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Cipher Mining Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Cipher Mining Inc. presently features a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 60, putting it in the top 25% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.