Is Further Upside Left in the Stock?
Cipher Mining Inc. (CIFR) shares soared 15.9% in the last trading session to close at $5.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 42.7% gain over the past four weeks.
The stock recorded this price hike in response to the increase in the price of Bitcoin, the world’s largest cryptocurrency, over the past few days.
Invest in Gold
This company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -140%. Revenues are expected to be $48.37 million, up 31.4% from the year-ago quarter.
While earnings and…
