A share price of Gryphon Digital Mining Inc. [GRYP] is currently trading at $0.71, up 16.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The GRYP shares have gain 6.85% over the last week, with a monthly amount drifted -2.63%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Lake Street started tracking the stock with Buy rating on July 23, 2021, and set its price target to $8. On December 19, 2019, Alliance Global Partners initiated with a Buy rating and assigned a price target of $18 on the stock.
Gryphon Digital Mining Inc. experienced fluctuations in its stock price throughout the past year between $0.38 and $10.30. Gryphon Digital Mining Inc. [NASDAQ: GRYP] shares were valued at $0.71 at the most recent close of the market.
Analyzing the GRYP fundamentals
Trailing Twelve Months sales for Gryphon Digital Mining Inc. [NASDAQ:GRYP] were 6.84M which represents 141.05% growth. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.63%, Pretax Profit Margin comes in at -1.39%, and Net Profit Margin reading is -1.38%. To continue investigating profitability, this company’s Return on Assets is posted at -2.56, Equity is 3.24 and Total Capital is 0.95. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6290 points at the first support level, and at 0.5471 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7539, and for the 2nd resistance point, it is at 0.7969.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gryphon Digital Mining Inc. [NASDAQ:GRYP] is 0.13. On the other hand, the Quick Ratio is 0.13, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.20.
Transactions by insiders
Recent insider trading involved Salzman Simeon, Chief Financial Officer, that happened on Jun 21 ’24 when 55595.0 shares were sold. Director, GUTTERMAN STEVEN D. completed a deal on Apr 04 ’24 to sell 14035.0 shares.
