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Gryphon Digital Mining Inc. Inc. (GRYP) Price Performance: The Role of Supply and Demand

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -92.76% this year. Over the last six months, there has been a stronger performance of -52.27%. The price of GRYP fallen by 16.17% during the last 30 days period. For the last 5-days stocks have improved 11.50%.

Gryphon Digital Mining Inc.’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $10.30 on 12/28/23, and the lowest price during the same period was recorded at $0.38 on 09/09/24.

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52-week price history of GRYP Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Gryphon Digital Mining Inc.’s current trading price is -93.88% away from its 52-week high, while its distance from the 52-week low is 64.49%. The stock’s price range for this period has been between $0.38 and $10.30. The Financial sector company’s shares saw a trading volume of about 0.77 million for the day, which was higher than the average daily volume of 0.25 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Gryphon Digital Mining Inc. (GRYP) has experienced a quarterly decline of -35.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.47M and boasts a workforce of 3 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8490, with a change in price of -0.6000. Similarly, Gryphon Digital Mining Inc. recorded 286,317 in trading volume during the last 100 days, posting a change of -48.78%.

GRYP Stock Stochastic Average

As of today, the raw stochastic average of Gryphon Digital Mining Inc. over the last 50 days is at 49.50%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 51.86%. Further, the company’s Stochastic %K and %D values for the last 20 days were 62.77% and 62.25%, respectively.

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