Gryphon Digital Mining Inc [NASDAQ: GRYP] traded at a high on Friday, posting a 29.91 gain after which it closed the day’ session at $1.39.
The results of the trading session contributed to over 46222149 shares changing hands. Over the past one week, the price volatility of Gryphon Digital Mining Inc stands at 66.01% while the volatility over the past one month is 33.22%.
The market cap for GRYP stock reached $100.86 million, with 69.99 million shares outstanding and 48.58 million shares in the current float. Compared to the average trading volume of 9.13M shares, GRYP reached a trading volume of 46222149 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gryphon Digital Mining Inc [GRYP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRYP shares is $16.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRYP stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Gryphon Digital Mining Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 30, 2024. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on July 23, 2021, representing the official price target for Gryphon Digital Mining Inc stock. Previously, the target price had yet another raise to $18, while Alliance Global Partners analysts kept a Buy rating on GRYP stock.
The Average True Range (ATR) for Gryphon Digital Mining Inc is set at 0.30, with the Price to Sales ratio for GRYP stock in the period of the last 12 months amounting to 6.90.
How has GRYP stock performed recently?
Gryphon Digital Mining Inc [GRYP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 167.31. With this latest performance, GRYP shares gained by 878.87% in over the last four-week period, additionally plugging by 67.47% over the last 6 months – not to mention a drop of -20.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRYP stock in for the last two-week period is set at 71.12, with the RSI for the last a single of trading hit 71.08, and the three-weeks RSI is set at 70.73 for Gryphon Digital Mining Inc [GRYP]. The present Moving Average for the last 50 days of trading for this stock 0.3122, while it was recorded at 1.1822 for the last single week of trading, and 0.4836 for the last 200 days.
Gryphon Digital Mining Inc [GRYP]: Deeper insight into the fundamentals
Gryphon Digital Mining Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.35.
Insider trade positions for Gryphon Digital Mining Inc [GRYP]
The top three institutional holders of GRYP stocks are: HUDSON BAY CAPITAL MANAGEMENT LP with ownership of 0.88 million shares, which is approximately 2.2559%. MURCHINSON LTD., holding 0.79 million shares of the stock with an approximate value of $$0.94 million in GRYP stocks shares; and MURCHINSON LTD., currently with $$0.7 million in GRYP stock with ownership which is approximately 1.5122%.
