Gryphon Digital Mining Inc. (NASDAQ:GRYP) does about 270.95K shares in volume on a normal day but saw 1994016 shares change hands in the recent trading day. The company now has a market cap of 28.74M USD. Its current market price is $0.71, marking an increase of 16.19% compared to the previous close of $0.61. The 52 week high reached by this stock is $10.30 whilst the lowest price level in 52 weeks is $0.38.
Gryphon Digital Mining Inc. (GRYP) has a 20-day trading average at $0.6016 and the current price is -93.10% off the 52-week high compared with 85.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6064 and its 200-day simple moving average is $1.6887. If we look at the stock’s price movements over the week, volatility stands at 13.28%, which decreases to 11.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.79 to suggest the stock is neutral.
The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 95.56% over the period.
Alliance Global Partners initiated its price target at $18.
The current price level is 18.18%, 17.24%, and -57.90% away from its SMA20, SMA50, and SMA200 respectively, with the GRYP price moving below the 50-day SMA on current market day. Gryphon Digital Mining Inc. (GRYP) stock is up 6.85% over the week and -2.63% over the past month. Its price is -91.83% year-to-date and -88.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -120.6 below consensus estimates by -106.4. The company’s next earnings report forecasts estimating quarterly EPS at -0.16 and -0.76 for whole year. Expected sales for next quarter are $3.9M, which analysts say will come at $20.9M for the current fiscal year and next year at $43M. In addition, estimates put the company’s current quarterly revenue at an average of $3.9M.
To reach the target analysts have set, the stock logically needs to grow 95.56 percent from here.
Outstanding shares total 40.43M with insiders holding 40.13% of the shares and institutional holders owning 6.99% of the company’s common stock. The company has a return on equity of -366.90%. The beta has a value of 2.46. Price to sales ratio is 4.20.
