Cipher Mining Inc. (CIFR) Stock Sinks As Market Gains: What You Should Know

Cipher Mining Inc. (CIFR) closed the latest trading day at $5.95, indicating a -0.32% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.67%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.98%.Heading into today, shares of the company had gained 19.88% over the past month, outpacing the Business Services sector's gain of 9.93% and the S&P 500's gain of 2.07% in that time.The investment community will be closely monitoring the performance of Cipher Mining Inc. in its forthcoming earnings report. In that report, analysts expect Cipher Mining Inc. to post earnings of -$0.10 per share. This would mark a year-over-year decline of 300%. Alongside, our most recent consensus estimate is anticipating revenue of $37.52 million, indicating a 13.6% downward movement from the same quarter last year.Investors should also note any recent changes to analyst estimates for Cipher Mining Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 moved 2.5% higher. At present, Cipher Mining Inc. boasts a Zacks Rank of #3 (Hold).The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 34% echelons 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.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>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