Cipher Digital Falls as U.S. Indexes Climb
Cipher Digital fell 1.46% to $15.48 as major U.S. indexes rose, with analysts expecting lower quarterly revenue.
Key takeaways
- Cipher Digital closed at $15.48, down 1.46% in the latest session.
- Analysts expect quarterly revenue of $37.99 million, down 47.02% year over year.
Cipher Digital shares fell 1.46% to $15.48 in the latest trading session, while major U.S. indexes rose. The S&P 500 gained 0.66%, the Dow added 0.18% and the Nasdaq rose 1.05%.
The stock has lost 11.44% over the past month, compared with a 4.68% decline for the Business Services sector. The S&P 500 gained 0.55% over the same period.
Ahead of the company’s upcoming results, analysts expect a loss of $0.31 per share and quarterly revenue of $37.99 million, according to Zacks consensus estimates. The revenue estimate is 47.02% below the year-earlier period.
This article was produced with the help of AI technology. Source: Yahoo Finance
