Gryphon Digital Mining’s (GRYP) “Neutral” Rating Reiterated at HC Wainwright

Gryphon Digital Mining (NASDAQ:GRYP)‘s stock had its “neutral” rating reaffirmed by research analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports.

Gryphon Digital Mining Stock Performance

Shares of NASDAQ:GRYP opened at $0.17 on Tuesday. The business has a 50 day simple moving average of $0.27 and a two-hundred day simple moving average of $0.46. Gryphon Digital Mining has a 1 year low of $0.15 and a 1 year high of $1.89.

Gryphon Digital Mining (NASDAQ:GRYP) last issued its earnings results on Monday, March 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. The company had revenue of $3.90 million during the quarter, compared to the consensus estimate of $3.90 million. As a group, equities research analysts predict that Gryphon Digital Mining will post -0.76 EPS for the current fiscal year.

Insider Activity at Gryphon Digital Mining

In other news, Director Brittany Kaiser sold 604,581 shares of Gryphon Digital Mining stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the transaction, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. The trade was a 50.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel George Tolhurst bought 96,824 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $0.39 per share, with a total value of $37,761.36. Following the transaction, the director now directly owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. The trade was a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd grew its holdings in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,169 shares of the company’s stock after acquiring an additional 17,296 shares during the period. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Gryphon Digital Mining Company Profile

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.