Given A -1509.38% Drop From High, Can Gryphon Digital Mining Inc (NASDAQ: GRYP) Quickly Recover?

ZM Stock

During the recent session, Gryphon Digital Mining Inc (NASDAQ:GRYP)’s traded shares were 0.55 million, with the beta value of the company hitting 2.39. At the last check today, the stock’s price was $0.64, reflecting an intraday loss of -2.66% or -$0.02. The 52-week high for the GRYP share is $10.30, that puts it down -1509.38 from that peak though still a striking 40.62% gain since the share price plummeted to a 52-week low of $0.38. The company’s market capitalization is $32.59M, and the average intraday trading volume over the past 10 days was 1.66 million shares, and the average trade volume was 606.06K shares over the past three months.

Gryphon Digital Mining Inc (NASDAQ:GRYP) trade information

Gryphon Digital Mining Inc (GRYP) registered a -2.66% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.66% in intraday trading to $0.64, hitting a weekly high. The stock’s 5-day price performance is -1.95%, and it has moved by 6.78% in 30 days. Based on these gigs, the overall price performance for the year is -89.02%. The short interest in Gryphon Digital Mining Inc (NASDAQ:GRYP) is 0.26 million shares and it means that shorts have 0.56 day(s) to cover.

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Gryphon Digital Mining Inc (GRYP) estimates and forecasts

Statistics show that Gryphon Digital Mining Inc has outperformed its competitors in share price, compared to the industry in which it operates. Gryphon Digital Mining Inc (GRYP) shares have gone down -51.51% during the last six months, with a year-to-date growth rate more than the industry average at 96.72% against 8.60.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.9M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -72.98%. While earnings are projected to return 96.72% in 2024.

GRYP Dividends

Gryphon Digital Mining Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Also, the Mutual Funds coming in first place with the largest holdings of Gryphon Digital Mining Inc (GRYP) shares are iShares Micro Cap ETF and Vanguard Extended Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Micro Cap ETF owns about 78.71 shares. This amounts to just over 0.15 percent of the company’s overall shares, with a $50035.0 market value. The same data shows that the other fund manager holds slightly less at 1.2, or about 0.00% of the stock, which is worth about $762.0.