Gryphon Digital Mining Inc [NASDAQ: GRYP] stock went on a downward path that fall over -10.08% on Tuesday, amounting to a one-week price decrease of less than -17.14%.
Over the last 12 months, GRYP stock rose by 189.49%. The one-year Gryphon Digital Mining Inc stock forecast points to a potential upside of 92.75. The average equity rating for GRYP stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $96.06 million, with 74.10 million shares outstanding and 51.93 million shares in the current float. Compared to the average trading volume of 8.37M shares, GRYP stock reached a trading volume of 6371384 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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.
GRYP Stock Performance Analysis:
Gryphon Digital Mining Inc [GRYP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.14. With this latest performance, GRYP shares dropped by -4.92% in over the last four-week period, additionally plugging by 247.31% over the last 6 months – not to mention a rise of 189.49% 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 46.57, with the RSI for the last a single of trading hit 0.1325, and the three-weeks RSI is set at 0.1349 for Gryphon Digital Mining Inc [GRYP]. The present Moving Average for the last 50 days of trading for this stock 1.1501, while it was recorded at 1.3000 for the last single week of trading, and 0.6502 for the last 200 days.
Insight into Gryphon Digital Mining Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Gryphon Digital Mining Inc [GRYP] shares currently have an operating margin of -174.54% and a Gross Margin at -63.01%. Gryphon Digital Mining Inc’s Net Margin is presently recorded at -163.19%.
Gryphon Digital Mining Inc (GRYP) Capital Structure & Debt Analysis
Gryphon Digital Mining Inc (GRYP) Efficiency & Liquidity Metrics
Gryphon Digital Mining Inc (GRYP) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Gryphon Digital Mining Inc. (GRYP) effectively leverages its workforce, generating an average of -$5693333.33 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.25% and a Quick Ratio of 0.25%, indicating strong ability to cover short-term liabilities.
GRYP Stock EPS
With the latest financial reports released by the company, Gryphon Digital Mining Inc posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GRYP.
Gryphon Digital Mining Inc [GRYP] Institutonal Ownership Details
There are presently around $7.85%, or 10.87%% 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%.
