A new trading day began on Friday, with Gryphon Digital Mining Inc. (NASDAQ: GRYP) stock price down -4.86% from the previous day of trading, before settling in for the closing price of $0.71. GRYP’s price has ranged from $0.49 to $10.30 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Financial sector was -3.67%. Meanwhile, its annual earnings per share averaged 96.72%. With a float of $25.57 million, this company’s outstanding shares have now reached $40.43 million.
Considering the fact that the conglomerate employs 3 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 4.37%, operating margin of -63.0%, and the pretax margin is -139.32%.
Gryphon Digital Mining Inc. (GRYP) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Gryphon Digital Mining Inc. is 36.73%, while institutional ownership is 7.12%. The most recent insider transaction that took place on Jun 21 ’24, was worth 66,158. In this transaction Chief Financial Officer of this company sold 55,595 shares at a rate of $1.19, taking the stock ownership to the 169,423 shares. Before that another transaction happened on Apr 04 ’24, when Company’s Director sold 14,035 for $1.26, making the entire transaction worth $17,684. This insider now owns 14,035 shares in total.
Gryphon Digital Mining Inc. (GRYP) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -120.6 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 96.72% per share during the next fiscal year.
Gryphon Digital Mining Inc. (NASDAQ: GRYP) Trading Performance Indicators
Here are Gryphon Digital Mining Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.93, a number that is poised to hit -0.16 in the next quarter
Technical Analysis of Gryphon Digital Mining Inc. (GRYP)
Compared to the last year’s volume of 0.33 million, its volume of 0.2 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.75%. Additionally, its Average True Range was 0.08.
During the past 100 days, Gryphon Digital Mining Inc.’s (GRYP) raw stochastic average was set at 13.73%, which indicates a significant increase from 6.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.59% in the past 14 days, which was higher than the 96.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9324, while its 200-day Moving Average is $2.8998. Nevertheless, the first resistance level for the watch stands at $0.6939 in the near term. At $0.7167, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7281. If the price goes on to break the first support level at $0.6597, it is likely to go to the next support level at $0.6483. Should the price break the second support level, the third support level stands at $0.6255.
Gryphon Digital Mining Inc. (NASDAQ: GRYP) Key Stats
With a market capitalization of 27.13 million, the company has a total of 39,272K Shares Outstanding. Currently, annual sales are 6,840 K while annual income is -11,580 K. The company’s previous quarter sales were 5,520 K while its latest quarter income was -4,010 K.
