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Is Cipher Mining Inc. (NASDAQ:CIFR) still hot stock after touching intraday high of $3.74?

Cipher Mining Inc. (CIFR) saw downtrend of -7.86% in the recent trading with $3.40 being its most recent. The current price level -77.91% lower than the highest price of $15.39 marked by the stock while trading over the past 52-weeks, whereas it is -5.03% higher than the lowest price of $3.58 the company dropped to over past 52-weeks. The latest news story on CIFR appeared in GlobeNewswire under the title “Cipher Mining to Participate in 24th Annual Needham Growth Conference” on Jan-03-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -39.50% below one month high and is +0.29% above of the lowest during that time. Looking into the simple moving average, Cipher Mining Inc. (CIFR)’s stock stands at a SMA-50 of $6.30 while that of 5-day is reading $3.72.

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Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CIFR’s SMA-200 as of now is $9.09.

Cipher Mining Inc. Earnings – What Happened With CIFR

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

CIFR – Cipher Mining Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 217.65 million. CIFR does have institutional investors; and they hold 11.60% of the stock.

Cipher Mining Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 49,076 shares. On the other hand, CIFR declared 0 shares have been sold in 0 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Cipher Mining Inc. was 12.16 while posting a debt to equity ratio of 0.00.

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Technical Analysis of Cipher Mining Inc. (NASDAQ:CIFR) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Cipher Mining Inc. (CIFR), we notice that the stock’s 20-day average volume is at 735,115 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 791,802 shares. And to end, CIFR’s 100-day average volume is 1,191,489 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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