The stock has a 36-month beta value of 1.80. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GNLN is 3.70M, and at present, short sellers hold a 0.29% of that float. On April 25, 2024, the average trading volume of GNLN was 337.36K shares.
GNLN) stock’s latest price update
Greenlane Holdings Inc (NASDAQ: GNLN)’s stock price has plunge by -8.05relation to previous closing price of 0.60. Nevertheless, the company has seen a -3.40% plunge in its stock price over the last five trading sessions. MarijuanaStocks reported 2024-04-19 that Marijuana stock investors are always looking for the next opportunity. Now may be a good time to begin learning about the cannabis sector. 2024 is showing promise to be a strong year for both cannabis businesses and marijuana stocks. The cannabis sector has been through volatile and pivotal points over the last few years. Specifically, there has been an increase in unpredictable trading patterns often resulting in a lack of upward momentum.
GNLN’s Market Performance
Greenlane Holdings Inc (GNLN) has experienced a -3.40% fall in stock performance for the past week, with a 9.25% rise in the past month, and a 22.60% rise in the past quarter. The volatility ratio for the week is 16.21%, and the volatility levels for the past 30 days are at 18.36% for GNLN. The simple moving average for the past 20 days is -1.49% for GNLN’s stock, with a -11.31% simple moving average for the past 200 days.
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 9.20% 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 -84.88% of loss for the given period.
Volatility was left at 18.36%, however, over the last 30 days, the volatility rate increased by 16.21%, as shares surge +1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.38% upper at present.
During the last 5 trading sessions, GNLN fell by -3.40%, which changed the moving average for the period of 200-days by -42.98% in comparison to the 20-day moving average, which settled at $0.5604. In addition, Greenlane Holdings Inc saw 6.51% in overturn over a single year, with a tendency to cut further gains.
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
To sum up, Greenlane Holdings Inc (GNLN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
