Gryphon Digital Mining Inc (NASDAQ:GRYP) does about 9.73M shares in volume on a normal day but saw 46853704 shares change hands in the recent trading day. The company now has a market cap of 100.86M USD. Its current market price is $1.39, marking an increase of 29.91% compared to the previous close of $1.07. The 52 week high reached by this stock is $2.93 whilst the lowest price level in 52 weeks is $0.13.
Gryphon Digital Mining Inc (GRYP) has a 20-day trading average at $0.5162 and the current price is -52.56% off the 52-week high compared with 1007.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3122 and its 200-day simple moving average is $0.4836. If we look at the stock’s price movements over the week, volatility stands at 66.01%, which decreases to 33.22% 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 71.12 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 91.31% over the period.
Alliance Global Partners initiated its price target at $18.
The current price level is 169.28%, 345.27%, and 187.44% 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 167.31% over the week and 878.87% over the past month. Its price is 246.89% year-to-date and -20.11% 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 91.31 percent from here.
Outstanding shares total 69.99M with insiders holding 34.23% of the shares and institutional holders owning 5.14% of the company’s common stock. The beta has a value of 4.45. Price to sales ratio is 6.90.
