Gryphon Digital Mining Inc (NASDAQ:GRYP) price on Thursday, June 12, fall -4.63% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.03.
A look at the stock’s price movement, the close in the last trading session was $1.08. Turning to its 52-week performance, $2.93 and $0.13 were the 52-week high and 52-week low respectively. Overall, GRYP moved -19.53% over the past month.
Gryphon Digital Mining Inc’s market cap currently stands at around $74.73 million, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRYP is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
GRYP’s current price about -11.53% and 56.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.98, while 7-day volatility ratio is 4.90% and 12.52% in the 30-day chart. Further, Gryphon Digital Mining Inc (GRYP) has a beta value of 3.85, and an average true range (ATR) of 0.19.
If we refocus on Gryphon Digital Mining Inc (NASDAQ:GRYP), historical trading data shows that trading volumes averaged 11.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 69.99 million shares.
The 24.76% of Gryphon Digital Mining Inc’s shares are in the hands of company insiders while institutional holders own 5.06% of the company’s shares. Current price change has pushed the stock 157.05% 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.
