Gryphon Digital Mining (NASDAQ:GRYP) Stock Rating Reaffirmed by HC Wainwright

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

Gryphon Digital Mining Stock Up 13.3 %

Shares of Gryphon Digital Mining stock traded up $0.10 on Friday, hitting $0.82. The company had a trading volume of 125,384 shares, compared to its average volume of 335,448. Gryphon Digital Mining has a 1 year low of $0.49 and a 1 year high of $10.30. The stock’s 50 day simple moving average is $1.04.

Gryphon Digital Mining (NASDAQ:GRYP) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The company had revenue of $5.52 million during the quarter, compared to analysts’ expectations of $5.50 million. During the same period in the previous year, the company posted ($10.40) earnings per share. As a group, research analysts anticipate that Gryphon Digital Mining will post -0.98 EPS for the current year.

Insider Buying and Selling

In other Gryphon Digital Mining news, CFO Simeon Salzman sold 55,595 shares of Gryphon Digital Mining stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $1.19, for a total transaction of $66,158.05. Following the transaction, the chief financial officer now owns 169,423 shares of the company’s stock, valued at approximately $201,613.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gryphon Digital Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in GRYP. SVB Wealth LLC purchased a new stake in Gryphon Digital Mining during the first quarter worth about $68,000. MMCAP International Inc. SPC purchased a new stake in shares of Gryphon Digital Mining during the 1st quarter worth approximately $877,000. K2 Principal Fund L.P. bought a new stake in shares of Gryphon Digital Mining in the 1st quarter worth approximately $971,000. Finally, Murchinson Ltd. purchased a new position in shares of Gryphon Digital Mining during the 1st quarter valued at $1,175,000. 10.21% of the stock is owned by hedge funds and other 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.