Gryphon Digital Mining Inc. (GRYP) Stock: Tracking the Weekly Performance

The stock of Gryphon Digital Mining Inc. (GRYP) has gone down by -16.78% for the week, with a -46.32% drop in the past month and a -85.75% drop in the past quarter. The volatility ratio for the week is 14.52%, and the volatility levels for the past 30 days are 16.92% for GRYP. The simple moving average for the past 20 days is -22.12% for GRYP’s stock, with a -80.88% simple moving average for the past 200 days.

Is It Worth Investing in Gryphon Digital Mining Inc. (NASDAQ: GRYP) Right Now?

The 36-month beta value for GRYP is also noteworthy at 2.80.

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The public float for GRYP is 31.80M, and at present, short sellers hold a 0.54% of that float. The average trading volume of GRYP on April 03, 2024 was 310.20K shares.

GRYP) stock’s latest price update

Gryphon Digital Mining Inc. (NASDAQ: GRYP)’s stock price has gone decline by -15.07 in comparison to its previous close of 1.46, however, the company has experienced a -16.78% decrease in its stock price over the last five trading days. Accesswire reported 2024-03-21 that LAS VEGAS, NV / ACCESSWIRE / March 21, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) (“Gryphon” or the “Company”), a bitcoin mining company that is independently certified to be 100% carbon-neutral and pursuing a negative carbon strategy, announced today that management will host a conference call on March 28, 2024, at 9:00 AM Eastern Time to discuss results for its fourth quarter and year ended December 31, 2023. Conference Call Information Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 949507Webcast Link: https://www.webcaster4.com/Webcast/Page/3030/50238 Conference Call Replay Information Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 50238Webcast Replay: https://www.webcaster4.com/Webcast/Page/3030/50238 About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid.

Analysts’ Opinion of GRYP

Many brokerage firms have already submitted their reports for GRYP stocks, with Lake Street repeating the rating for GRYP by listing it as a “Buy.” The predicted price for GRYP in the upcoming period, according to Lake Street is $8 based on the research report published on July 23, 2021 of the previous year 2021.

Alliance Global Partners, on the other hand, stated in their research note that they expect to see GRYP reach a price target of $18. The rating they have provided for GRYP stocks is “Buy” according to the report published on December 19th, 2019.

GRYP Trading at -61.94% from the 50-Day Moving Average

After a stumble in the market that brought GRYP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.11% of loss for the given period.

Volatility was left at 16.92%, however, over the last 30 days, the volatility rate increased by 14.52%, as shares sank -38.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -77.79% lower at present.

During the last 5 trading sessions, GRYP fell by -16.78%, which changed the moving average for the period of 200-days by -91.15% in comparison to the 20-day moving average, which settled at $1.5543. In addition, Gryphon Digital Mining Inc. saw -85.75% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for GRYP

Equity return is now at value -366.90, with -84.65 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.

Conclusion

In summary, Gryphon Digital Mining Inc. (GRYP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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