Gryphon Digital Mining Inc (NASDAQ:GRYP) price on current trading day, fall -4.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.65.
A look at the stock’s price movement, the close in the last trading session was $0.68, moving within a range at $0.6235 and $0.6882. Turning to its 52-week performance, $10.30 and $0.38 were the 52-week high and 52-week low respectively. Overall, GRYP moved -2.10% over the past month.
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Gryphon Digital Mining Inc’s market cap currently stands at around $33.64 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 3.9M for the company’s revenue for the quarter, with a low and high estimate of 3.9M and 3.9M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRYP is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GRYP’s current price about -6.39% and 0.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.96, while 7-day volatility ratio is 10.87% and 17.21% in the 30-day chart. Further, Gryphon Digital Mining Inc (GRYP) has a beta value of 2.38, and an average true range (ATR) of 0.09.
If we refocus on Gryphon Digital Mining Inc (NASDAQ:GRYP), historical trading data shows that trading volumes averaged 0.92 over the past 10 days and 707.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 41.03 million shares.
The 36.07% of Gryphon Digital Mining Inc’s shares are in the hands of company insiders while institutional holders own 5.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.26 million on 2024-10-31, giving us a short ratio of 0.56. The data shows that as of 2024-10-31 short interest in Gryphon Digital Mining Inc (GRYP) stood at 57.00000000000001 of shares outstanding, with shares short rising to 77469.0 registered in 2024-09-30. Current price change has pushed the stock -92.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRYP stock continues to rise going into the next quarter.
