Now Is The Time To Build A Position In Gryphon Digital Mining Inc (NASDAQ:GRYP)

In the last trading session, 2.48 million Gryphon Digital Mining Inc (NASDAQ:GRYP) shares changed hands as the company’s beta touched 2.38. With the company’s per share price at $0.86 changed hands at $0.23 or 36.21% during last session, the market valuation stood at $33.55M. GRYP’s last price was a discount, traded about -1097.67% off its 52-week high of $10.30. The share price had its 52-week low at $0.38, which suggests the last value was 55.81% up since then. When we look at Gryphon Digital Mining Inc’s average trading volume, we note the 10-day average is 1.04 million shares, with the 3-month average coming to 397.27K.

Gryphon Digital Mining Inc (NASDAQ:GRYP) trade information

Instantly GRYP was in green as seen at the end of in last trading. With action 65.61%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -90.11%, with the 5-day performance at 65.61% in the green. However, in the 30-day time frame, Gryphon Digital Mining Inc (NASDAQ:GRYP) is 59.73% up. Looking at the short shares, we see there were 36200.0 shares sold at short interest cover period of 0.17 days.

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Gryphon Digital Mining Inc (GRYP) estimates and forecasts

Data shows that the Gryphon Digital Mining Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -47.56% over the past 6 months, a 96.72% in annual growth rate that is considerably higher than the industry average of 9.20%. Year-over-year growth is forecast to reach 205.70% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 3.9M. 1 analysts are of the opinion that Gryphon Digital Mining Inc’s revenue for the current quarter will be 3.9M. The company’s revenue for the corresponding quarters a year ago was 2.08M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 87.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -72.98%. The 2024 estimates are for Gryphon Digital Mining Inc earnings to increase by 96.72%.

GRYP Dividends

Gryphon Digital Mining Inc is expected to release its next quarterly earnings report in December.