How to Buy Gryphon Digital Mining Stock
Gryphon Digital Mining Inc
Gryphon Digital Mining, Inc. engages in carbon-neutral bitcoin mining. Gryphon Digital Mining, Inc. was formerly known as Ivy Crypto, Inc.
Gryphon Digital Mining stock last closed at $1.48, up 2.07% from the previous day, and has decreased 90.51% in one year. It has underperformed other stocks in the Credit Services industry by 1.05 percentage points. Gryphon Digital Mining stock is currently +21.31% from its 52-week low of $1.22, and -91.03% from its 52-week high of $16.50.
As of May 1, 2024, there are 38.8M GRYP shares outstanding. The market value of GRYP is $57.42M. In the last 24 hours, 528,084 GRYP shares were traded.
How to Buy Gryphon Digital Mining Stock
Not sure how to invest in Gryphon Digital Mining stock? Here's how.
- Decide where to buy Gryphon Digital Mining stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Gryphon Digital Mining stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your method of payment and add your details.
- Research Gryphon Digital Mining stock: The Gryphon Digital Mining ticker symbol is GRYP. Is Gryphon Digital Mining stock a good investment? Should you buy shares of GRYP? How do GRYP's underlying business fundamentals look? Do top analysts think Gryphon Digital Mining is a good buy? Why has GRYP's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if GRYP is a good stock to buy).
- Make your GRYP buy order: Decide if you will purchase GRYP shares at the current market price or use a limit order to buy GRYP stock at a particular price.
- Track your GRYP position: Create a watchlist to monitor your new investment in Gryphon Digital Mining stock.
Step 1: Decide where to buy Gryphon Digital Mining stock
You need a brokerage account to access the NASDAQ market and buy GRYP stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can buy GRYP today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the walkthrough below if you need help transferring money into your brokerage account.
Step 4: Research Gryphon Digital Mining stock
After you have selected the best place to buy Gryphon Digital Mining stock, it's crucial to analyze their stock prior to buying, so you truly comprehend the risk and upside.
Gryphon Digital Mining shares at a glance
Gryphon Digital Mining Overview
WallStreetZen was created to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GRYP's stock page.
How is GRYP stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GRYP's fair value.
You can access additional valuation analysis on GRYP's stock here.
A quick look at GRYP Financials
Signs that GRYP is financially healthy:
- GRYP has $768.46k in cash and short term investments. This is enough to cover its annual cash burn of $5.89M.
- There are more short-term assets than long-term liabilities on the GRYP balance sheet.
Signs that GRYP is not financially healthy:
- GRYP debt to equity ratio of -1.15 is negative.
- GRYP profit margin has gone up by 5.96 percentage points in the past year, but the company is still unprofitable.
- Total GRYP debt is still negative.
- GRYP has cash burn of 5888352. It does not have sufficient cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the GRYP balance sheet.
You can dig deeper into what analysts are forecasting on the Gryphon Digital Mining stock forecast page.
GRYP Trading Indicators
Is GRYP Growing Revenue?
Last year, GRYP revenue was $6.84M. Over the past 5 year, GRYP's revenue has increased by -14.94% per year. This was slower than the Credit Services industry average of 9.63%.
Learn more about GRYP's earnings and revenue performance here.
Latest Insiders Trades at GRYP
Over the last year, insiders at GRYP have sold more shares than they have bought.
Steven D. Gutterman, Director of GRYP, was the latest GRYP insider to sell. They sold $17,684.10 worth of GRYP stock on Apr 4, 2024.
Get more info about who owns GRYP stock here.
Can I rely on GRYP as an income stream?
No, Gryphon Digital Mining doesn't provide an income stream by paying out dividends.
GRYP Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your GRYP buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and your broker will execute the order.
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Step 6: Track your GRYP position
Now that you own some GRYP stock, you'll want to stay up-to-date on your investment.
Make a watchlist to track the most important metrics related to your GRYP stock.
GRYP Feed
How to Buy Stock in Gryphon Digital Mining
To reiterate, here are the 6 steps for buying Gryphon Digital Mining stock:
- Decide where to buy Gryphon Digital Mining stock
- Open your brokerage account
- Put funds into your investment account
- Research Gryphon Digital Mining stock
- Make your GRYP buy order
- Track your GRYP position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Gryphon Digital Mining, hit the button below to create your watchlist.
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