Cipher Mining Inc. (CIFR) Stock Moves -1.27%: What You Should Know

Cipher Mining Inc. (CIFR) closed at $2.34 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was more than the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.Heading into today, shares of the company had lost 18.84% over the past month, lagging the Business Services sector's loss of 1.14% and the S&P 500's loss of 5.6% in that time.The investment community will be closely monitoring the performance of Cipher Mining Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.11, down 184.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $49.35 million, up 2.51% from the prior-year quarter.For the full year, the Zacks Consensus Estimates project earnings of -$0.38 per share and a revenue of $257.74 million, demonstrating changes of -171.43% and +70.38%, respectively, from the preceding year.Investors should also pay attention to any latest changes in analyst estimates for Cipher Mining Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Cipher Mining Inc. presently features a Zacks Rank of #3 (Hold).The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 60, putting it in the top 25% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cipher Mining Inc. (CIFR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks