The trading price of Gryphon Digital Mining Inc (NASDAQ:GRYP) closed lower on Tuesday, June 17, and closing at $0.92, -7.73% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.93 and a 52-week low of $0.13. Over the past month, the stock has lost -33.62% in value.
Gryphon Digital Mining Inc, whose market valuation is $66.95 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.45 for current year and 0 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 13.3M.
On the technical side, indicators suggest GRYP has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that GRYP’s price is currently -17.45% off the SMA20 and 30.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.75, and weekly volatility stands at 7.14%. When measured over the past 30 days, the indicator reaches 7.93%. Gryphon Digital Mining Inc (NASDAQ:GRYP)’s beta value is currently sitting at 3.84, while the Average True Range indicator is currently displaying 0.17.
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 -7.73% in the latest trading, and -26.18% 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 12.02 million.
Currently, records show that 69.99 million of the company’s shares remain outstanding. The insiders hold 24.76% of outstanding shares, whereas institutions hold 5.06%. However, since the stock’s price has seen 130.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
