Gryphon Digital Mining Inc (NASDAQ: GRYP)’s stock price has decreased by -8.86 compared to its previous closing price of 0.73. However, the company has seen a -12.35% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Gryphon Digital Mining, Inc. (NASDAQ:GRYP ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Steve Gutterman – Chief Executive Officer Sim Salzman – Chief Financial Officer Conference Call Participants Jon Hickman – Ladenburg Thalmann Kevin Dede – H.C. Wainwright Operator Greetings and welcome to the Gryphon Digital Mining Third Quarter 2024 Earnings Call.
Is It Worth Investing in Gryphon Digital Mining Inc (NASDAQ: GRYP) Right Now?
Company’s 36-month beta value is 2.41.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GRYP is 32.67M, and currently, short sellers hold a 0.79% ratio of that floaft. The average trading volume of GRYP on November 21, 2024 was 585.97K shares.
GRYP’s Market Performance
GRYP’s stock has seen a -12.35% decrease for the week, with a 6.08% rise in the past month and a -9.81% fall in the past quarter. The volatility ratio for the week is 20.49%, and the volatility levels for the past 30 days are at 18.02% for Gryphon Digital Mining Inc The simple moving average for the past 20 days is -0.37% for GRYP’s stock, with a -45.41% simple moving average for the past 200 days.
Analysts’ Opinion of GRYP
Lake Street, on the other hand, stated in their research note that they expect to see GRYP reach a price target of $8. The rating they have provided for GRYP stocks is “Buy” according to the report published on July 23rd, 2021.
Alliance Global Partners gave a rating of “Buy” to GRYP, setting the target price at $18 in the report published on December 19th of the previous year.
GRYP Trading at 8.63% 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 -93.51% of loss for the given period.
Volatility was left at 18.02%, however, over the last 30 days, the volatility rate increased by 20.49%, as shares surge +12.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.51% upper at present.
During the last 5 trading sessions, GRYP fell by -12.35%, which changed the moving average for the period of 200-days by -86.58% in comparison to the 20-day moving average, which settled at $0.6708. In addition, Gryphon Digital Mining Inc saw -92.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRYP starting from Salzman Simeon, who sale 55,595 shares at the price of $1.19 back on Jun 21 ’24. After this action, Salzman Simeon now owns 169,423 shares of Gryphon Digital Mining Inc, valued at $66,158 using the latest closing price.
GUTTERMAN STEVEN D., the Director of Gryphon Digital Mining Inc, sale 14,035 shares at $1.26 during a trade that took place back on Apr 04 ’24, which means that GUTTERMAN STEVEN D. is holding 14,035 shares at $17,684 based on the most recent closing price.
Stock Fundamentals for GRYP
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.15 for the gross margin
The net margin for Gryphon Digital Mining Inc stands at -1.43. The total capital return value is set at 0.92. Equity return is now at value -366.90, with -84.65 for asset returns.
Based on Gryphon Digital Mining Inc (GRYP), the company’s capital structure generated 47.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at -1.02. The interest coverage ratio of the stock is -19.18.
Currently, EBITDA for the company is -7.45 million with net debt to EBITDA at -1.69. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 22783.0for trailing twelve months and the total asset turnover is 3.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In a nutshell, Gryphon Digital Mining Inc (GRYP) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
