HC Wainwright Reiterates “Neutral” Rating for Gryphon Digital Mining (NASDAQ:GRYP)

Gryphon Digital Mining (NASDAQ:GRYP)‘s stock had its “neutral” rating reissued by equities researchers at HC Wainwright in a note issued to investors on Friday, Benzinga reports.

Gryphon Digital Mining Stock Performance

Shares of GRYP stock opened at $0.52 on Friday. The firm has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $1.19. Gryphon Digital Mining has a 12 month low of $0.38 and a 12 month high of $10.30.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The business had revenue of $5.52 million during the quarter, compared to analyst estimates of $5.50 million. During the same quarter in the prior year, the company earned ($10.40) EPS. As a group, analysts predict that Gryphon Digital Mining will post -0.76 earnings per share for the current year.

Institutional Trading of Gryphon Digital Mining

Several institutional investors have recently made changes to their positions in the company. Murchinson Ltd. purchased a new position in shares of Gryphon Digital Mining in the 1st quarter worth approximately $1,175,000. K2 Principal Fund L.P. bought a new stake in Gryphon Digital Mining during the first quarter worth $971,000. MMCAP International Inc. SPC purchased a new position in Gryphon Digital Mining in the first quarter worth $877,000. Finally, SVB Wealth LLC bought a new position in Gryphon Digital Mining in the 1st quarter valued at $68,000. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Company Profile

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.