CIFRW Stock Summary and Trading Ideas (Cipher Mining - Warrant | :CIFRW)

Cipher Mining - Warrant trades on the stock market under the symbol CIFRW.

As of May 16, 2024, CIFRW stock price declined to $1.09 with 62,802 million shares trading.

CIFRW has a beta of 1.28, meaning it tends to be more sensitive to market movements. CIFRW has a correlation of 0.01 to the broad based SPY ETF.

CIFRW has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

CIFRW has outperformed the market in the last year with a price return of +230.4% while the SPY ETF gained +29.6%. However, in the short term, CIFRW had mixed performance relative to the market. It has underperformed in the last 3 months, returning -21.6% vs +5.6% return in SPY. But in the last 2 weeks, CIFRW shares have fared better than the market returning +5.8% compared to SPY +5.7%.

CIFRW support price is $1.02 and resistance is $1.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIFRW stock will trade within this expected range on the day.