The trading price of Gryphon Digital Mining Inc (NASDAQ:GRYP) closed higher on Tuesday, May 06, and closing at $0.38, 15.79% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.80 and a 52-week low of $0.13. Over the past month, the stock has gained 159.58% in value.
Gryphon Digital Mining Inc, whose market valuation is $26.49 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GRYP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that GRYP’s price is currently 77.46% off the SMA20 and 80.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.67, and weekly volatility stands at 25.13%. When measured over the past 30 days, the indicator reaches 18.69%. Gryphon Digital Mining Inc (NASDAQ:GRYP)’s beta value is currently sitting at 2.30, while the Average True Range indicator is currently displaying 0.04.
To see how Gryphon Digital Mining Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GRYP stock’s performance was 15.79% in the latest trading, and -75.35% in the past year.
An evaluation of the daily trading volume of Gryphon Digital Mining Inc (NASDAQ:GRYP) indicates that the 3-month average is 835.43K.
Currently, records show that 52.99 million of the company’s shares remain outstanding. The insiders hold 33.04% of outstanding shares, whereasinstitutions hold 3.84%. However, since the stock’s price has seen -4.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
