Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Gryphon Digital Mining Inc (NASDAQ: GRYP) closed at $0.41 up 3.81% from its previous closing price of $0.40. In other words, the price has increased by $3.81 from its previous closing price. On the day, 0.51 million shares were traded. GRYP stock price reached its highest trading level at $0.4267 during the session, while it also had its lowest trading level at $0.3953.
Ratios:
For a deeper understanding of Gryphon Digital Mining Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.06 and its Current Ratio is at 0.06.
On July 23, 2021, Lake Street started tracking the stock assigning a Buy rating and target price of $8.
On December 19, 2019, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $18.Alliance Global Partners initiated its Buy rating on December 19, 2019, with a $18 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 21 ’24 when Salzman Simeon sold 55,595 shares for $1.19 per share. The transaction valued at 66,158 led to the insider holds 169,423 shares of the business.
GUTTERMAN STEVEN D. sold 14,035 shares of GRYP for $17,684 on Apr 04 ’24. The Director now owns 14,035 shares after completing the transaction at $1.26 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRYP now has a Market Capitalization of 21469568 and an Enterprise Value of 45415972. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26. Its current Enterprise Value per Revenue stands at 1.848 whereas that against EBITDA is -119.516.
Stock Price History:
Over the past 52 weeks, GRYP has reached a high of $8.43, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -30.79%, while the 200-Day Moving Average is calculated to be -56.05%.
Shares Statistics:
For the past three months, GRYP has traded an average of 912.22K shares per day and 894110 over the past ten days. A total of 41.03M shares are outstanding, with a floating share count of 28.12M. Insiders hold about 45.73% of the company’s shares, while institutions hold 5.05% stake in the company. Shares short for GRYP as of 1730332800 were 256679 with a Short Ratio of 0.74, compared to 1727654400 on 77469. Therefore, it implies a Short% of Shares Outstanding of 256679 and a Short% of Float of 0.5700000000000001.
