In the past week, GREE stock has gone up by 3.09%, with a monthly gain of 21.46% and a quarterly plunge of -8.81%. The volatility ratio for the week is 10.99%, and the volatility levels for the last 30 days are 11.12% for Greenidge Generation Holdings Inc The simple moving average for the past 20 days is 3.79% for GREE’s stock, with a -26.23% simple moving average for the past 200 days.
Is It Worth Investing in Greenidge Generation Holdings Inc (NASDAQ: GREE) Right Now?
GREE has 36-month beta value of 3.14. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GREE is 6.83M, and currently, short sellers hold a 2.15% ratio of that float. The average trading volume of GREE on June 19, 2024 was 198.24K shares.
GREE) stock’s latest price update
Greenidge Generation Holdings Inc (NASDAQ: GREE)’s stock price has decreased by -6.25 compared to its previous closing price of 3.20. However, the company has seen a 3.09% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-05-01 that DRESDEN, N.Y.–(BUSINESS WIRE)–Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the first quarter of 2024. The Company also highlighted CEO Jordan Kovler’s presentation at the Planet MicroCap Showcase: Vegas 2024 taking place today, May 1, 2024, at 4:00 pm PST, which may be attended and accessed live along with the accompanying presenta.
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 8.47% 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 -67.60% of loss for the given period.
Volatility was left at 11.12%, however, over the last 30 days, the volatility rate increased by 10.99%, as shares surge +5.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.18% lower at present.
During the last 5 trading sessions, GREE rose by +3.09%, which changed the moving average for the period of 200-days by -35.62% in comparison to the 20-day moving average, which settled at $2.90. In addition, Greenidge Generation Holdings Inc saw -55.29% 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 8,777 shares at the price of $2.81 back on May 28 ’24. After this action, Irwin Dale now owns 70,962 shares of Greenidge Generation Holdings Inc, valued at $24,639 using the latest closing price.
Irwin Dale, the President of Greenidge Generation Holdings Inc, sale 25,000 shares at $2.55 during a trade that took place back on May 20 ’24, which means that Irwin Dale is holding 79,739 shares at $63,797 based on the most recent closing price.
Stock Fundamentals for GREE
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.18 for the gross margin
The net margin for Greenidge Generation Holdings Inc stands at -0.34. The total capital return value is set at -0.37. Equity return is now at value -1371.18, with -28.59 for asset returns.
Based on Greenidge Generation Holdings Inc (GREE), the company’s capital structure generated 3.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at -1.47. The interest coverage ratio of the stock is -1.82.
Currently, EBITDA for the company is -2.7 million with net debt to EBITDA at -27.06. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 52.11for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
To put it simply, Greenidge Generation Holdings Inc (GREE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
