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Strength Seen in Cipher Mining (CIFR): Can Its 27.8% Jump Turn into More Strength?
CIFRCipher Mining (CIFR) ZACKS·2024-07-16 19:20

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The stock's price increased in response to Bitcoin's price rise over the weekend, following Germany's liquidation of Bitcoin holdings, which alleviated selling pressure on the cryptocurrency. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete li ...