Gryphon Digital Mining Inc. (NASDAQ: GRYP) on Tuesday, plunged -5.31% from the previous trading day, before settling in for the closing price of $0.67. Within the past 52 weeks, GRYP’s price has moved between $0.38 and $10.30.
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Annual sales at Financial sector company slipped by -3.67% over the past five years. The company achieved an average annual earnings per share of 96.72%. With a float of $25.64 million, this company’s outstanding shares have now reached $40.43 million.
Let’s look at the performance matrix of the company that is accounted for 3 employees. 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 and Institutional Ownership
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Gryphon Digital Mining Inc. is 36.58%, while institutional ownership is 6.98%. 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) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -120.6 earnings per share (EPS) for the period falling under the consensus outlook (set at -14.2) by -106.4. 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
Gryphon Digital Mining Inc. (GRYP) is currently performing well based on its current performance indicators. A quick ratio of 0.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.72.
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)
Gryphon Digital Mining Inc. (NASDAQ: GRYP) saw its 5-day average volume 0.43 million, a positive change from its year-to-date volume of 0.32 million. As of the previous 9 days, the stock’s Stochastic %D was 79.05%. Additionally, its Average True Range was 0.07.
During the past 100 days, Gryphon Digital Mining Inc.’s (GRYP) raw stochastic average was set at 22.31%, which indicates a significant decrease from 62.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.25% in the past 14 days, which was lower than the 111.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6170, while its 200-day Moving Average is $1.8190. Nevertheless, the first resistance level for the watch stands at $0.6818 in the near term. At $0.7335, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7881. If the price goes on to break the first support level at $0.5755, it is likely to go to the next support level at $0.5209. The third support level lies at $0.4692 if the price breaches the second support level.
Gryphon Digital Mining Inc. (NASDAQ: GRYP) Key Stats
Market capitalization of the company is 25.47 million based on 39,272K outstanding shares. Right now, sales total 6,840 K and income totals -11,580 K. The company made 5,520 K in profit during its latest quarter, and -4,010 K in sales during its previous quarter.
