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

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

Gryphon Digital Mining Price Performance

Shares of NASDAQ GRYP opened at $0.54 on Friday. The company’s fifty day simple moving average is $0.73 and its 200 day simple moving average is $1.16. 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 announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The firm had revenue of $5.52 million during the quarter, compared to analyst estimates of $5.50 million. During the same period last year, the business posted ($10.40) EPS. As a group, sell-side analysts forecast that Gryphon Digital Mining will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Gryphon Digital Mining

Hedge funds have recently modified their holdings of the company. SVB Wealth LLC purchased a new position in Gryphon Digital Mining in the first quarter worth $68,000. MMCAP International Inc. SPC bought a new stake in shares of Gryphon Digital Mining during the 1st quarter worth $877,000. K2 Principal Fund L.P. bought a new position in Gryphon Digital Mining during the first quarter valued at about $971,000. Finally, Murchinson Ltd. purchased a new stake in Gryphon Digital Mining during the first quarter worth about $1,175,000. 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.