Gryphon Digital Mining Inc (NASDAQ:GRYP) does about 397.27K shares in volume on a normal day but saw 2483613 shares change hands in the recent trading day. The company now has a market cap of 33.55M USD. Its current market price is $0.86, marking an increase of 36.21% compared to the previous close of $0.63. 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 $0.6404 and the current price is -91.65% off the 52-week high compared with 124.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5864 and its 200-day simple moving average is $1.4179. If we look at the stock’s price movements over the week, volatility stands at 17.68%, which decreases to 14.70% 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 66.33 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 94.62% over the period.
Alliance Global Partners initiated its price target at $18.
The current price level is 34.29%, 46.66%, and -39.35% 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 65.61% over the week and 59.73% over the past month. Its price is -90.11% year-to-date and -82.63% 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 94.62 percent from here.
The company has a return on equity of -366.90%. The beta has a value of 2.38. Price to sales ratio is 4.90.
