HC Wainwright Reiterates Neutral Rating for Gryphon Digital Mining (NASDAQ:GRYP)

Gryphon Digital Mining (NASDAQ:GRYP)‘s stock had its “neutral” rating reiterated by HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. HC Wainwright also issued estimates for Gryphon Digital Mining’s FY2025 earnings at ($0.45) EPS.

Gryphon Digital Mining Stock Up 10.9 %

Shares of GRYP stock opened at $0.18 on Tuesday. Gryphon Digital Mining has a 12-month low of $0.15 and a 12-month high of $1.89. The business’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.46.

Insiders Place Their Bets

In other news, Director Brittany Kaiser sold 604,581 shares of Gryphon Digital Mining stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total transaction of $211,603.35. Following the completion of the sale, the director now directly owns 604,581 shares in the company, valued at approximately $211,603.35. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel George Tolhurst bought 96,824 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $0.39 per share, for a total transaction of $37,761.36. Following the completion of the transaction, the director now owns 3,406,473 shares in the company, valued at $1,328,524.47. This trade represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd increased its holdings in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the quarter. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Company Profile

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.