Cipher Mining Inc. (CIFR) Stock Moves -1.39%: What You Should Know

Cipher Mining Inc. (CIFR) closed the latest trading day at $4.98, indicating a -1.39% change from the previous session's end. This change was narrower than the S&P 500's 1.54% loss on the day. At the same time, the Dow lost 1.63%, and the tech-heavy Nasdaq lost 1.63%.Shares of the company witnessed a loss of 22.19% over the previous month, trailing the performance of the Business Services sector with its loss of 3.87% and the S&P 500's loss of 2.2%.Investors will be eagerly watching for the performance of Cipher Mining Inc. in its upcoming earnings disclosure. On that day, Cipher Mining Inc. is projected to report earnings of -$0.10 per share, which would represent a year-over-year decline of 300%. Our most recent consensus estimate is calling for quarterly revenue of $37.52 million, down 13.6% from the year-ago period.Investors should also note any recent changes to analyst estimates for Cipher Mining Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming 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.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Cipher Mining Inc. possesses a Zacks Rank of #5 (Strong Sell).The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 75, positioning it in the top 30% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks