Shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Get Free Report) were down 2.6% during trading on Tuesday . The stock traded as low as $1.10 and last traded at $1.14. Approximately 3,615,644 shares were traded during trading, a decline of 8% from the average daily volume of 3,942,159 shares. The stock had previously closed at $1.17.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "neutral" rating on shares of Gryphon Digital Mining in a report on Tuesday, May 13th.
View Our Latest Research Report on Gryphon Digital Mining
Gryphon Digital Mining Price Performance
The company has a market cap of $68.08 million, a PE ratio of -3.48 and a beta of 3.83. The stock's 50-day moving average is $0.69 and its 200 day moving average is $0.47.
Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. On average, analysts expect that Gryphon Digital Mining, Inc. will post -0.76 EPS for the current year.
Insider Activity at Gryphon Digital Mining
In other Gryphon Digital Mining news, Director Daniel George Tolhurst sold 474,339 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1.30, for a total transaction of $616,640.70. Following the sale, the director now owns 621,644 shares of the company's stock, valued at approximately $808,137.20. The trade was a 43.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 2,792,968 shares of company stock valued at $3,941,214 in the last ninety days. Corporate insiders own 15.00% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Gryphon Digital Mining stock. Murchinson Ltd. increased its stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Free Report) by 271.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,403,988 shares of the company's stock after buying an additional 1,756,649 shares during the quarter. Murchinson Ltd. owned about 3.47% of Gryphon Digital Mining worth $409,000 as of its most recent SEC filing. 10.21% of the stock is currently owned by institutional investors and hedge funds.
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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