Gryphon Digital Mining Inc. (GRYP): Why Is The Stock Strong?

Gryphon Digital Mining Inc. (NASDAQ:GRYP) has a beta value of 2.46 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $25.76M, closed the recent trade at $0.64 per share which meant it gained $0.08 on the day or 12.76% during that session. The GRYP stock price is -1509.38% off its 52-week high price of $10.30 and 40.62% above the 52-week low of $0.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.22 million shares traded. The 3-month trading volume is 247.99K shares.

Gryphon Digital Mining Inc. (NASDAQ:GRYP) trade information

Sporting 12.76% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GRYP stock price touched $0.64 or saw a rise of 3.83%. Year-to-date, Gryphon Digital Mining Inc. shares have moved -92.68%, while the 5-day performance has seen it change 17.94%. Over the past 30 days, the shares of Gryphon Digital Mining Inc. (NASDAQ:GRYP) have changed 22.52%. Short interest in the company has seen 77469.0 shares shorted with days to cover at 0.26.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Gryphon Digital Mining Inc. (GRYP) estimates and forecasts

Figures show that Gryphon Digital Mining Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -52.81% over the past 6 months, with this year growth rate of 96.72%, compared to 7.90% for the industry. Revenue growth from the last financial year stood is estimated to be 205.70%.

1 analysts offering their estimates for the company have set an average revenue estimate of 3.9M for the current quarter. 1 have an estimated revenue figure of 3.9M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -72.98% over the past 5 years.

GRYP Dividends

Gryphon Digital Mining Inc. is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Gryphon Digital Mining Inc. (NASDAQ:GRYP)’s Major holders

Also the top two Mutual Funds that are holding company’s shares are iShares Micro Cap ETF and Vanguard Extended Market Index Fund. As of Aug 31, 2024, the former fund manager holds about 0.20% shares in the company for having 79.25 shares of worth $51321.0 while later fund manager owns 1.2 shares of worth $777.0 as of Jun 30, 2024, which makes it owner of about 0.00% of company’s outstanding stock.