The stock of Greenlane Holdings Inc (GNLN) has seen a -6.42% decrease in the past week, with a 15.38% gain in the past month, and a 2.93% flourish in the past quarter. The volatility ratio for the week is 19.62%, and the volatility levels for the past 30 days are at 16.27% for GNLN. The simple moving average for the past 20 days is 1.75% for GNLN’s stock, with a -26.49% simple moving average for the past 200 days.
Is It Worth Investing in Greenlane Holdings Inc (NASDAQ: GNLN) Right Now?
The 36-month beta value for GNLN is at 1.89. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GNLN is 3.70M, and currently, shorts hold a 1.40% of that float. The average trading volume for GNLN on April 04, 2024 was 85.53K shares.
GNLN) stock’s latest price update
Greenlane Holdings Inc (NASDAQ: GNLN) has seen a rise in its stock price by 8.97 in relation to its previous close of 0.47. However, the company has experienced a -6.42% decline in its stock price over the last five trading sessions. MarijuanaStocks reported 2024-03-23 that Marijuana stock investors have been through many ups and downs dealing with legal cannabis. From regulatory issues to companies keeping up with consumers and various hold-ups with reform. In addition to the many other concerns that affect the sector. All of which has played an instrumental part in how marijuana stocks trade. Not to mention with all the above occurring simultaneously it has only caused more volatility.
Analysts’ Opinion of GNLN
Many brokerage firms have already submitted their reports for GNLN stocks, with Jefferies repeating the rating for GNLN by listing it as a “Buy.” The predicted price for GNLN in the upcoming period, according to Jefferies is $6.30 based on the research report published on October 01, 2021 of the previous year 2021.
Cowen, on the other hand, stated in their research note that they expect to see GNLN reach a price target of $5. The rating they have provided for GNLN stocks is “Outperform” according to the report published on September 10th, 2021.
Alliance Global Partners gave a rating of “Buy” to GNLN, setting the target price at $6 in the report published on September 07th of the previous year.
GNLN Trading at 8.95% from the 50-Day Moving Average
After a stumble in the market that brought GNLN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.75% of loss for the given period.
Volatility was left at 16.27%, however, over the last 30 days, the volatility rate increased by 19.62%, as shares surge +11.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.37% upper at present.
During the last 5 trading sessions, GNLN fell by -6.42%, which changed the moving average for the period of 200-days by -73.98% in comparison to the 20-day moving average, which settled at $0.5038. In addition, Greenlane Holdings Inc saw -1.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNLN starting from Snyder Craig A., who purchase 1,200 shares at the price of $0.32 back on May 22 ’23. After this action, Snyder Craig A. now owns 14,243 shares of Greenlane Holdings Inc, valued at $384 using the latest closing price.
Stock Fundamentals for GNLN
Current profitability levels for the company are sitting at:
- -0.49 for the present operating margin
- 0.25 for the gross margin
The net margin for Greenlane Holdings Inc stands at -0.57. The total capital return value is set at -2.25. Equity return is now at value -162.38, with -88.68 for asset returns.
Based on Greenlane Holdings Inc (GNLN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is -6.27.
Currently, EBITDA for the company is -42.99 million with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.11. The receivables turnover for the company is 15.44for trailing twelve months and the total asset turnover is 1.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In conclusion, Greenlane Holdings Inc (GNLN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
