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,Benzinga reports.

Gryphon Digital Mining Price Performance

GRYP opened at $0.16 on Tuesday. The business has a 50 day moving average of $0.27 and a 200-day moving average of $0.46. Gryphon Digital Mining has a 1-year low of $0.15 and a 1-year high of $1.89.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its quarterly earnings results on Monday, March 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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. Equities research analysts predict that Gryphon Digital Mining will post -0.76 earnings per share for the current fiscal year.

Insider Activity 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 on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel George Tolhurst acquired 96,824 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $0.39 per share, with a total value of $37,761.36. Following the purchase, the director now owns 3,406,473 shares in the company, valued at approximately $1,328,524.47. This represents a 2.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd increased its stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the quarter. XTX Topco Ltd owned 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. 10.21% of the stock is owned by institutional investors.

About Gryphon Digital Mining

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.