Cipher Mining Inc’s recently made public that its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $1.31 million on Dec 06 ’24. In the deal valued at $7.38 per share,177,031 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 98,120,557 shares worth roughly $626.01 million.
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Then, Bitfury Top HoldCo B.V. sold 91,982 shares, generating $665,030 in total proceeds. Upon selling the shares at $7.23, the 10% Owner now owns 98,297,588 shares.
Before that, Bitfury Top HoldCo B.V. sold 277,618 shares. Cipher Mining Inc shares valued at $1,990,521 were divested by the 10% Owner at a price of $7.17 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 98,389,570 shares, worth roughly $627.73 million.
Northland Capital initiated its Cipher Mining Inc [CIFR] rating to an Outperform in a research note published on September 25, 2024; the price target was $6. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. JP Morgan started covering the stock on October 11, 2023. It rated CIFR as “a Neutral”.
Price Performance Review of CIFR
On Monday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock fall -10.27% to $6.38. Over the last five days, the stock has gained 1.27%. Cipher Mining Inc shares have risen nearly 54.48% since the year began. Nevertheless, the stocks have risen 143.51% over the past one year. While a 52-week high of $7.99 was reached on 07/17/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $5.59, while 200 days put it at $4.49.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 6.12, which if violated will result in even more drops to 5.86. On the upside, there is a resistance level at 6.87. A further resistance level may holdings at 7.36. The Relative Strength Index (RSI) on the 14-day chart is 51.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.00%. Stochastics %K at 61.47% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-11-15, growing by 0.71 million shares to a total of 24.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.3 million shares. There was a rise of 2.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 15, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
