Steven D. Gutterman, a director at Gryphon Digital Mining, Inc. (NASDAQ:GRYP), recently sold a total of 14,035 shares of the company’s common stock. The transactions took place on April 4, 2024, with the shares sold at an average price of $1.26 each, amounting to over $17,684.
Gryphon Digital Mining is known for its focus on finance services within the crypto asset space, and insider trading of its shares has been active. The reported price for these sales is a weighted average, indicating that the shares were sold at varying prices in multiple transactions. Gutterman has committed to providing detailed information about the number of shares sold at each price range upon request.
Despite the sale, Gutterman still potentially owns 56,140 shares in Gryphon Digital Mining, which are issuable upon the settlement of Restricted Stock Units (RSUs) subject to continued service with the company through specific vesting dates from August 2024 to February 2026.
Insider transactions are closely monitored by investors for insights into the company’s direction. Gutterman’s recent sale could signal strategic decisions at Gryphon Digital Mining.
InvestingPro Insights
Alongside insider transactions, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) has seen notable movements in its stock performance. With a market capitalization of $58.1M, GRYP reflects its current valuation within the finance services and crypto asset sector.
The stock has shown significant volatility in recent months, with a price total return of -68.46% over the last six months and currently trading at 23.12% of its 52-week high. This aligns with InvestingPro data indicating GRYP’s high price volatility and recent declines. These metrics are crucial for investors evaluating potential recovery or further decline.
Profitability metrics are also important, with GRYP not profitable in the last twelve months and an adjusted P/E ratio of -4.95. Consideration of short-term obligations exceeding liquid assets is vital for investors assessing Gryphon Digital Mining’s financial health and future prospects.
For a deeper stock analysis of Gryphon Digital Mining, investors can access additional InvestingPro Tips. By using the coupon code PRONEWS24, investors can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment strategy with comprehensive data and analytics.
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