Growth Story Still Intact For Gryphon Digital Mining Inc (GRYP)

Gryphon Digital Mining Inc (GRYP) concluded trading on Wednesday at a closing price of $1.10, with 7.69 million shares of worth about $8.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 67.91% during that period and on Wednesday the price saw a loss of about -4.35%. Currently the company’s common shares owned by public are about 69.99M shares, out of which, 51.24M shares are available for trading.

Stock saw a price change of -14.73% in past 5 days and over the past one month there was a price change of 283.81%. Year-to-date (YTD), GRYP shares are showing a performance of 174.52% which decreased to -20.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.13 but also hit the highest price of $2.93 during that period. The average intraday trading volume for Gryphon Digital Mining Inc shares is 11.52 million. The stock is currently trading 26.49% above its 20-day simple moving average (SMA20), while that difference is up 140.80% for SMA50 and it goes to 119.31% higher than SMA200. Gryphon Digital Mining Inc (NASDAQ: GRYP) currently have 69.99M outstanding shares and institutions hold larger chunk of about 5.06% of that.

The stock has a current market capitalization of $79.81M and its 3Y-monthly beta is at 3.82. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GRYP, volatility over the week remained 7.49% while standing at 28.76% over the month. Stock’s fiscal year EPS is expected to rise by 11.76%.

Coverage by Lake Street stated Gryphon Digital Mining Inc (GRYP) stock as a Buy in their note to investors on July 23, 2021, suggesting a price target of $8 for the stock.

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