Gryphon Digital Mining (NASDAQ:GRYP) Given Neutral Rating at HC Wainwright

HC Wainwright reissued their neutral rating on shares of Gryphon Digital Mining (NASDAQ:GRYP) in a research report report published on Tuesday morning,Benzinga reports.

Gryphon Digital Mining Price Performance

NASDAQ GRYP opened at $0.16 on Tuesday. The company has a 50 day simple moving average of $0.27 and a 200-day simple moving average of $0.46. Gryphon Digital Mining has a 52-week low of $0.15 and a 52-week high of $1.89.

Gryphon Digital Mining (NASDAQ:GRYP) last released its quarterly earnings data on Monday, March 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The company had revenue of $3.90 million during the quarter, compared to analyst estimates of $3.90 million. Research analysts predict that Gryphon Digital Mining will post -0.76 EPS for the current fiscal year.

Insider Transactions at Gryphon Digital Mining

In other Gryphon Digital Mining news, Director Brittany Kaiser sold 604,581 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $0.35, for a total value of $211,603.35. Following the completion of the sale, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Peter Eric Gallie acquired 145,236 shares of the stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $0.39 per share, for a total transaction of $56,642.04. Following the acquisition, the senior vice president now owns 145,236 shares in the company, valued at $56,642.04. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd increased its position in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the period. XTX Topco Ltd owned 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.