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Cipher Digital Inc. (CIFR) Stock Moves 1.01%: What You Should Know
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In the latest trading session, Cipher Digital Inc. (CIFR - Free Report) closed at $19.09, marking a +1.01% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the company had gained 23.05% over the past month, outpacing the Business Services sector's loss of 4.06% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Cipher Digital Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.31, reflecting a 3000% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $37.99 million, showing a 47.02% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.36 per share and revenue of $216.23 million. These totals would mark changes of +36.74% and -3.44%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cipher Digital Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.73% upward. Cipher Digital Inc. currently has a Zacks Rank of #4 (Sell).
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Cipher Digital Inc. (CIFR) Stock Moves 1.01%: What You Should Know
In the latest trading session, Cipher Digital Inc. (CIFR - Free Report) closed at $19.09, marking a +1.01% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the company had gained 23.05% over the past month, outpacing the Business Services sector's loss of 4.06% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Cipher Digital Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.31, reflecting a 3000% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $37.99 million, showing a 47.02% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.36 per share and revenue of $216.23 million. These totals would mark changes of +36.74% and -3.44%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cipher Digital Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.73% upward. Cipher Digital Inc. currently has a Zacks Rank of #4 (Sell).
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.