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

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

Gryphon Digital Mining Stock Performance

Gryphon Digital Mining stock opened at $0.54 on Friday. The firm has a 50-day moving average of $0.73 and a 200-day moving average of $1.16. Gryphon Digital Mining has a one year low of $0.38 and a one year high of $10.30.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.08. The firm had revenue of $5.52 million for the quarter, compared to the consensus estimate of $5.50 million. During the same period last year, the company posted ($10.40) earnings per share. Analysts forecast that Gryphon Digital Mining will post -0.76 EPS for the current year.

Hedge Funds Weigh In On Gryphon Digital Mining

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

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.