Gryphon Digital Mining (NASDAQ:GRYP) Earns Neutral Rating from HC Wainwright

HC Wainwright reiterated their neutral rating on shares of Gryphon Digital Mining (NASDAQ:GRYP) in a research report released on Friday, Benzinga reports.

Gryphon Digital Mining Trading Down 4.5 %

Shares of NASDAQ GRYP opened at $0.50 on Friday. The firm’s 50 day moving average price is $0.74 and its 200-day moving average price is $1.17. Gryphon Digital Mining has a 52-week low of $0.38 and a 52-week high of $10.30.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its earnings results on Thursday, August 15th. The company reported ($0.10) EPS 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 the consensus estimate of $5.50 million. During the same period in the previous year, the business posted ($10.40) EPS. As a group, research analysts expect that Gryphon Digital Mining will post -0.76 earnings per share for the current year.

Institutional Trading of Gryphon Digital Mining

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