How to Buy Cipher Mining Stock
Cipher Mining Inc
Cipher Mining Inc. , a technology company, operates in the bitcoin mining ecosystem in the United States.
Cipher Mining stock last closed at $4.81, up 5.48% from the previous day, and has increased 131.25% in one year. It has overperformed other stocks in the Capital Markets industry by 1.13 percentage points. Cipher Mining stock is currently +173.3% from its 52-week low of $1.76, and -16.35% from its 52-week high of $5.75.
There are currently 296.49M CIFR shares outstanding. The market cap of CIFR is $1.43B. In the last 24 hours, 7.12M CIFR shares were traded.
How to Buy Cipher Mining Stock
Wondering how to invest in Cipher Mining stock? Here's how.
- Choose where to buy Cipher Mining stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Cipher Mining stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your information.
- Research Cipher Mining stock: The Cipher Mining ticker symbol is CIFR. Is Cipher Mining stock a good investment? Should you buy shares of CIFR? How do CIFR's underlying business fundamentals look? Do top analysts think Cipher Mining is a good buy? Why has CIFR's stock price moved recently? (Hint: Our stock market research website can help you evaluate if CIFR is a good stock to buy).
- Place your CIFR purchase: Decide if you will purchase CIFR shares at the current market price or use a limit order to purchase CIFR stock at a particular price.
- Get updates on your CIFR investment: Create a watchlist to the latest updates on your position in Cipher Mining shares.
Step 1: Choose where to buy Cipher Mining stock
You will need an online brokerage account to access the NASDAQ market and buy CIFR shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in CIFR stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on our top ranked stock trading app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your new brokerage account.
Step 4: Research Cipher Mining stock
After you have chosen the best place to buy Cipher Mining stock, it's very important to research their stock before you invest, so you truly understand the risk as well as the opportunity.
Cipher Mining stock at a glance
CIFR Overview
WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CIFR's stock page.
Is CIFR stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CIFR's fair value.
Using relative valuations measures:
- CIFR may be overvalued based on its P/B ratio of 2.9x, relative to Capital Markets industry P/B ratio of 1.87x
You can do additional valuation research on CIFR's stock here.
CIFR Financial Overview
Signs that CIFR is financially healthy:
- There are more short-term assets than long-term liabilities on the CIFR balance sheet.
- There are more short-term assets than short-term liabilities on the CIFR balance sheet.
- CIFR has a low debt to equity ratio of 0.15.
Signs that CIFR is not financially healthy:
- CIFR has $150.96M in cash and short term investments. This is not enough to cover its annual cash burn of $152.94M.
- CIFR has cash burn of 152937000. It does not have sufficient cash and short-term investments to cover this.
Is it a good time to buy Cipher Mining stock, according to Wall Street analysts?
Out of 4 Wall Street analysts who track CIFR, the consensus analyst rating on Cipher Mining is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Cipher Mining stock forecast page.
CIFR Trading Indicators
Latest Insiders Trades at CIFR
Over the past 12 months, executives and large shareholders at CIFR have sold more shares than they have bought.
Top Holdco Bv Bitfury, 10% Owner of CIFR, was the latest CIFR insider to sell. They sold $36,769,769.76 worth of CIFR shares on Jan 25, 2024.
Get more info about who owns CIFR shares here.
Can I rely on CIFR as an income stream?
No, Cipher Mining doesn't provide an income stream by paying out dividends.
What do other investors have to say about CIFR?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CIFR purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Press the Open button and eToro will place your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your CIFR investment
Now that you own some shares in CIFR, you'll want to stay up-to-date on your investment.
Create a watchlist to track the latest developments regarding your CIFR stock.
CIFR Feed
How to Buy Stock in Cipher Mining
To reiterate, here are the 6 steps for buying Cipher Mining stock:
- Choose where to buy Cipher Mining stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Cipher Mining stock
- Place your CIFR purchase
- Get updates on your CIFR investment
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Cipher Mining, add CIFR to your watchlist by clicking the button below.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.