HC Wainwright reissued their buy rating on shares of Cipher Mining (NASDAQ:CIFR – Get Rating) in a research note published on Thursday, Benzinga reports. They currently have a $3.00 target price on the stock.
A number of other equities analysts have also weighed in on the stock. Cantor Fitzgerald began coverage on shares of Cipher Mining in a research report on Monday, March 13th. They issued a buy rating and a $3.00 price target for the company. Needham & Company LLC began coverage on shares of Cipher Mining in a research report on Tuesday, February 21st. They issued a buy rating and a $2.70 price target for the company.
Cipher Mining Price Performance
CIFR opened at $2.32 on Thursday. Cipher Mining has a twelve month low of $0.38 and a twelve month high of $3.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.18 and a quick ratio of 3.56. The firm has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.18.
Hedge Funds Weigh In On Cipher Mining
Cipher Mining Company Profile
Cipher Mining Inc, a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.
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