HC Wainwright maintained its neutral rating on Gryphon Digital Mining (NASDAQ:GRYP) in a research report issued to investors on Tuesday, as reported by Benzinga.
Key Stock Performance Metrics
- Price Movement: GRYP shares rose $0.32 to $1.39 during Tuesday’s trading session.
- Trading Volume: 46.4M shares traded, significantly above its 3.4M average.
- 52-Week Range: $0.13 (low) to $2.93 (high).
Moving Averages:
- 50-day SMA: $0.31
- 200-day SMA: $0.41
Valuation:
- Market Cap: $96.39M
- P/E Ratio: -2.57
- Beta: 2.31
Quarterly Earnings and Analyst Outlook
Gryphon Digital Mining reported a Q1 loss of $0.09 per share (May 15th). Analysts project an annual EPS of -0.76 for the current fiscal year.
Institutional Investment Activity
- Cambridge Investment Research Advisors acquired 390,724 shares (~$66K) in Q1, owning 0.56% of GRYP.
- Institutional ownership stands at 10.21%, reflecting cautious interest from hedge funds.
Company Overview
Gryphon Digital Mining (founded 2020, HQ: Las Vegas) specializes in bitcoin mining with a focus on ESG-compliant operations.
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FAQ Section
Q: Why did HC Wainwright reiterate a "neutral" rating for GRYP?
A: The rating reflects balanced risk/reward amid bitcoin market volatility and the company’s operational metrics.
Q: Is Gryphon Digital Mining profitable?
A: No. GRYP reported negative EPS recently, with analysts forecasting continued losses this year.
Q: What’s driving GRYP’s high trading volume?
A: Speculative interest in low-cap crypto stocks and short-term price fluctuations.
Investment Considerations
While GRYP shows high volatility potential, analysts highlight alternative stocks with stronger fundamentals.
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