Gryphon Digital Mining Inc (NASDAQ:GRYP) does about 912.02K shares in volume on a normal day but saw 4179432 shares change hands in the recent trading day. The company now has a market cap of 36.06M USD. Its current market price is $0.52, marking an increase of 27.51% compared to the previous close of $0.41. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.13.
Gryphon Digital Mining Inc (GRYP) has a 20-day trading average at $0.2592 and the current price is -71.11% off the 52-week high compared with 314.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2204 and its 200-day simple moving average is $0.4774. If we look at the stock’s price movements over the week, volatility stands at 33.68%, which decreases to 20.56% 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 83.11 to suggest the stock is overbought.
The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 96.75% over the period.
Alliance Global Partners initiated its price target at $18.
The current price level is 100.65%, 135.98%, and 8.92% 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 85.71% over the week and 256.16% over the past month. Its price is 29.77% year-to-date and -64.63% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.45 for whole year.
To reach the target analysts have set, the stock logically needs to grow 96.75 percent from here.
Outstanding shares total 52.99M with insiders holding 35.29% of the shares and institutional holders owning 3.85% of the company’s common stock. The beta has a value of 2.32. Price to sales ratio is 1.76.
