Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.38 million during the quarter.
Gryphon Digital Mining Price Performance
Shares of GRYP traded down $0.1250 during midday trading on Tuesday, reaching $1.1650. The stock had a trading volume of 3,418,606 shares, compared to its average volume of 8,201,336. Gryphon Digital Mining has a 52 week low of $0.1255 and a 52 week high of $2.93. The firm's 50 day moving average price is $1.15 and its 200-day moving average price is $0.69. The company has a market capitalization of $95.68 million, a P/E ratio of -4.85 and a beta of 3.87.
Institutional Trading of Gryphon Digital Mining
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC bought a new stake in shares of Gryphon Digital Mining in the 2nd quarter worth $965,000. HUB Investment Partners LLC acquired a new stake in shares of Gryphon Digital Mining during the second quarter worth $114,000. Moore Capital Management LP acquired a new stake in shares of Gryphon Digital Mining during the second quarter worth $88,000. Finally, Tidal Investments LLC acquired a new stake in shares of Gryphon Digital Mining during the second quarter worth $87,000. Institutional investors own 10.21% of the company's stock.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a "neutral" rating on shares of Gryphon Digital Mining in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".
Read Our Latest Research Report on GRYP
About Gryphon Digital Mining
(
Get Free Report)
Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.
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