Gryphon Digital Mining (NASDAQ:GRYP) Stock Price Down 2.6% - Time to Sell?

Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Get Free Report) shares fell 2.6% on Tuesday . The stock traded as low as $1.10 and last traded at $1.14. 3,615,644 shares traded hands during trading, a decline of 8% from the average session volume of 3,942,159 shares. The stock had previously closed at $1.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a "neutral" rating on shares of Gryphon Digital Mining in a research note on Tuesday, May 13th.

Gryphon Digital Mining Stock Performance

The stock has a fifty day simple moving average of $0.64 and a two-hundred day simple moving average of $0.46. The stock has a market capitalization of $78.36 million, a price-to-earnings ratio of -4.00 and a beta of 3.83.

Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.09) EPS for the quarter. Research analysts forecast that Gryphon Digital Mining, Inc. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel George Tolhurst sold 474,339 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1.30, for a total value of $616,640.70. Following the completion of the sale, the director now directly owns 621,644 shares in the company, valued at $808,137.20. This trade represents a 43.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 2,792,968 shares of company stock worth $3,941,214. Corporate insiders own 11.70% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gryphon Digital Mining stock. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 390,724 shares of the company's stock, valued at approximately $66,000. Cambridge Investment Research Advisors Inc. owned approximately 0.56% of Gryphon Digital Mining as of its most recent SEC filing. 10.21% of the stock is owned by institutional investors.

About Gryphon Digital Mining

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.