Gryphon Digital Mining Inc [NASDAQ: GRYP] loss -4.93% on the last trading session, reaching $1.35 price per share at the time.
Gryphon Digital Mining Inc represents 69.99 million in outstanding shares, while the company has a total market value of $97.95 million with the latest information. GRYP stock price has been found in the range of $1.31 to $1.52.
If compared to the average trading volume of 16.16M shares, GRYP reached a trading volume of 10388336 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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.
Trading performance analysis for GRYP stock
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 3.05. With this latest performance, GRYP shares gained by 25.00% in over the last four-week period, additionally plugging by 257.90% over the last 6 months – not to mention a rise of 236.91% 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 61.62, with the RSI for the last a single of trading hit 0.1728, and the three-weeks RSI is set at 0.1689 for Gryphon Digital Mining Inc [GRYP]. The present Moving Average for the last 50 days of trading for this stock 1.0101, while it was recorded at 1.3860 for the last single week of trading, and 0.5704 for the last 200 days.
Gryphon Digital Mining Inc [GRYP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Gryphon Digital Mining Inc [GRYP] shares currently have an operating margin of -146.43% and a Gross Margin at -50.87%. Gryphon Digital Mining Inc’s Net Margin is presently recorded at -108.41%.
Return on Equity for this stock declined to -118.35%, with Return on Assets sitting at -118.35%.
An analysis of Institutional ownership at Gryphon Digital Mining Inc [GRYP]
There are presently around $5.06%, or 6.82% of GRYP stock, in the hands of institutional investors. 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%.
