Gryphon Digital Mining (NASDAQ:GRYP) Shares Down 1.3% – What’s Next?

Gryphon Digital Mining, Inc. (NASDAQ:GRYPGet Free Report) shares dropped 1.3% during mid-day trading on Thursday . The stock traded as low as $0.62 and last traded at $0.65. Approximately 1,104,945 shares changed hands during mid-day trading, an increase of 210% from the average daily volume of 356,043 shares. The stock had previously closed at $0.66.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “neutral” rating on shares of Gryphon Digital Mining in a research note on Friday, September 20th.

View Our Latest Research Report on Gryphon Digital Mining

Gryphon Digital Mining Price Performance

The firm’s 50-day simple moving average is $0.58 and its two-hundred day simple moving average is $0.96.

Gryphon Digital Mining (NASDAQ:GRYPGet Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.08. The company had revenue of $5.52 million during the quarter, compared to the consensus estimate of $5.50 million. During the same quarter last year, the firm earned ($10.40) EPS. Equities research analysts forecast that Gryphon Digital Mining, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Trading of Gryphon Digital Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRYP. SVB Wealth LLC acquired a new stake in shares of Gryphon Digital Mining during the 1st quarter worth approximately $68,000. MMCAP International Inc. SPC acquired a new stake in Gryphon Digital Mining during the 1st quarter worth $877,000. K2 Principal Fund L.P. bought a new stake in shares of Gryphon Digital Mining during the 1st quarter valued at $971,000. Finally, Murchinson Ltd. bought a new stake in shares of Gryphon Digital Mining during the 1st quarter valued at $1,175,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Gryphon Digital Mining Company Profile

(Get Free Report)

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.

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