Cipher Mining (CIFR) Scheduled to Post Earnings on Tuesday

Cipher Mining (NASDAQ:CIFR) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. Cipher Mining had a negative net margin of 20.32% and a negative return on equity of 6.78%. The business had revenue of $43.42 million during the quarter, compared to analyst estimates of $35.73 million. On average, analysts expect Cipher Mining to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cipher Mining Stock Performance

Shares of Cipher Mining stock opened at $4.14 on Monday. The company has a 50 day moving average price of $4.00 and a 200 day moving average price of $3.49. The firm has a market capitalization of $1.23 billion, a P/E ratio of -41.40 and a beta of 2.32. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.02. Cipher Mining has a 52 week low of $1.76 and a 52 week high of $5.75.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CIFR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of Cipher Mining in a report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of Cipher Mining in a research report on Monday, April 22nd. HC Wainwright reissued a “buy” rating and issued a $4.50 price objective on shares of Cipher Mining in a report on Tuesday, March 5th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $5.50 target price on shares of Cipher Mining in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.25.

Cipher Mining Company Profile

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.