Gryphon Digital Mining Inc (NASDAQ: GRYP) is -40.88% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $1.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRYP stock was last observed hovering at around $0.20 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.24, the stock is 45.20% and 9.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 15.67% at the moment leaves the stock -54.40% off its SMA200. GRYP registered -82.96% loss for a year compared to 6-month loss of -64.39%. The firm has a 50-day simple moving average (SMA 50) of $0.2158 and a 200-day simple moving average (SMA200) of $0.519515.
The stock witnessed a 29.31% gain in the last 1 month and extending the period to 3 months gives it a -37.66%, and is 66.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.75% over the week and 16.20% over the month.
Gryphon Digital Mining Inc (GRYP) has around 3 employees, a market worth around $16.58M and $20.54M in sales. Profit margin for the company is -103.71%. Distance from 52-week low is 88.76% and -86.84% from its 52-week high.
The EPS is expected to grow by 11.76% this year
30.0 institutions hold shares in Gryphon Digital Mining Inc (GRYP), with institutional investors hold 5.92% of the company’s shares. The shares outstanding are 52.99M, and float is at 46.86M with Short Float at 1.55%. Institutions hold 3.83% of the Float.
The top institutional shareholder in the company is HUDSON BAY CAPITAL MANAGEMENT LP with over 0.88 million shares valued at $1.05 million. The investor’s holdings represent 2.2559 of the GRYP Shares outstanding. As of 2024-06-30, the second largest holder is MURCHINSON LTD. with 0.79 million shares valued at $0.94 million to account for 2.0391 of the shares outstanding. The other top investors are MMCAP INTERNATIONAL INC. SPC which holds 0.59 million shares representing 1.5122 and valued at over $0.7 million, while MILLENNIUM MANAGEMENT LLC holds 0.7093 of the shares totaling 0.28 million with a market value of $0.33 million.
Gryphon Digital Mining Inc (GRYP) Insider Activity
The most recent transaction is an insider purchase by Vaiopoulos Demetrios, the company’s Director. SEC filings show that Vaiopoulos Demetrios bought 48,412 shares of the company’s common stock on Jan 13 ’25 at a price of $0.39 per share for a total of $18881.0. Following the purchase, the insider now owns 48412.0 shares.
Gryphon Digital Mining Inc disclosed in a document filed with the SEC on Jan 13 ’25 that Kaiser Brittany (Director) bought a total of 96,824 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $0.39 per share for $37761.0. Following the transaction, the insider now directly holds 96824.0 shares of the GRYP stock.
Still, SEC filings show that on Jan 13 ’25, Billingsley Jessica (Director) acquired 48,412 shares at an average price of $0.39 for $18881.0. The insider now directly holds 48,810 shares of Gryphon Digital Mining Inc (GRYP).
