The stock of Greenidge Generation Holdings Inc (GREE) has gone down by -1.49% for the week, with a -24.36% drop in the past month and a -22.12% drop in the past quarter. The volatility ratio for the week is 13.32%, and the volatility levels for the past 30 days are 10.53% for GREE.. The simple moving average for the past 20 days is -1.57% for GREE’s stock, with a -41.00% simple moving average for the past 200 days.
Is It Worth Investing in Greenidge Generation Holdings Inc (NASDAQ: GREE) Right Now?
Additionally, the 36-month beta value for GREE is 3.36. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GREE is 6.54M and currently, short sellers hold a 5.86% ratio of that float. The average trading volume of GREE on May 09, 2024 was 269.37K shares.
GREE) stock’s latest price update
Greenidge Generation Holdings Inc (NASDAQ: GREE)’s stock price has soared by 8.20 in relation to previous closing price of 2.44. Nevertheless, the company has seen a loss of -1.49% in its stock price over the last five trading days. InvestorPlace reported 2024-04-23 that The Bitcoin ( BTC-USD ) halving event has passed, and with it comes a renewed interest in blockchain technology and its potential for transforming various industries. As the cryptocurrency market continues to evolve, savvy investors are looking beyond just Bitcoin and exploring opportunities in companies that are leveraging blockchain technology to disrupt traditional business models.
Analysts’ Opinion of GREE
Many brokerage firms have already submitted their reports for GREE stocks, with Stifel repeating the rating for GREE by listing it as a “Hold.” The predicted price for GREE in the upcoming period, according to Stifel is $10 based on the research report published on March 25, 2022 of the previous year 2022.
B. Riley Securities, on the other hand, stated in their research note that they expect to see GREE reach a price target of $78. The rating they have provided for GREE stocks is “Buy” according to the report published on September 29th, 2021.
GREE Trading at -16.95% from the 50-Day Moving Average
After a stumble in the market that brought GREE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.49% of loss for the given period.
Volatility was left at 10.53%, however, over the last 30 days, the volatility rate increased by 13.32%, as shares sank -17.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.23% lower at present.
During the last 5 trading sessions, GREE fell by -1.49%, which changed the moving average for the period of 200-days by -59.69% in comparison to the 20-day moving average, which settled at $2.65. In addition, Greenidge Generation Holdings Inc saw -60.66% 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 GREE starting from Irwin Dale, who sale 5,646 shares at the price of $4.18 back on Feb 28 ’24. After this action, Irwin Dale now owns 104,739 shares of Greenidge Generation Holdings Inc, valued at $23,600 using the latest closing price.
Kovler Jordan, the Chief Executive Officer of Greenidge Generation Holdings Inc, purchase 2,000 shares at $3.87 during a trade that took place back on Feb 20 ’24, which means that Kovler Jordan is holding 12,000 shares at $7,740 based on the most recent closing price.
Stock Fundamentals for GREE
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.22 for the gross margin
The net margin for Greenidge Generation Holdings Inc stands at -0.42. The total capital return value is set at -0.5. Equity return is now at value -1371.18, with -24.65 for asset returns.
Based on Greenidge Generation Holdings Inc (GREE), the company’s capital structure generated 3.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.17. The debt to equity ratio resting at -1.37. The interest coverage ratio of the stock is -2.02.
Currently, EBITDA for the company is -2.7 million with net debt to EBITDA at -7.76. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 57.93for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In conclusion, Greenidge Generation Holdings Inc (GREE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
