HC Wainwright Forecasts Cipher Mining FY2027 Earnings

Cipher Mining Inc. (NASDAQ:CIFR) – Analysts at HC Wainwright issued their FY2027 earnings estimates for Cipher Mining in a research note issued on Tuesday, August 4th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($0.12) per share for the year. HC Wainwright has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for Cipher Mining’s current full-year earnings is ($0.90) per share.

Several other research analysts have also issued reports on CIFR. Needham & Company LLC upped their target price on shares of Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. BTIG Research lifted their price target on Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. cut their price objective on Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research report on Wednesday, June 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective on shares of Cipher Mining in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.61.

Cipher Mining Stock Performance

Cipher Mining stock opened at $16.33 on Tuesday. Cipher Mining has a fifty-two week low of $4.67 and a fifty-two week high of $30.14. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a market cap of $6.78 billion, a P/E ratio of -5.71 and a beta of 3.20. The firm’s fifty day moving average price is $22.79 and its 200-day moving average price is $19.12.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). The company had revenue of $24.84 million during the quarter, compared to analysts’ expectations of $31.86 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.During the same period in the prior year, the firm earned ($0.12) EPS.

Insider Activity

In other news, Director Wesley Hastie Williams sold 14,567 shares of Cipher Mining stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the transaction, the director owned 115,409 shares in the company, valued at approximately $2,470,906.69. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary M. Grossman sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $29.43, for a total value of $441,450.00. Following the completion of the sale, the director directly owned 143,829 shares of the company’s stock, valued at approximately $4,232,887.47. This trade represents a 9.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,145,825 shares of company stock valued at $81,741,167. Company insiders own 3.09% of the company’s stock.

Institutional Trading of Cipher Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in shares of Cipher Mining by 16.6% during the fourth quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock valued at $9,915,000 after purchasing an additional 95,686 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Cipher Mining in the fourth quarter worth $667,000. Purpose Unlimited Inc. bought a new stake in Cipher Mining during the 4th quarter valued at $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in Cipher Mining during the 1st quarter valued at $2,188,000. Finally, Tyche Wealth Partners LLC boosted its position in Cipher Mining by 119.0% during the 4th quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $1,697,000 after buying an additional 62,500 shares during the period. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.