Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Greenlane Holdings Inc (NASDAQ: GNLN) was $0.01 for the day, down -16.13% from the previous closing price of $0.01. In other words, the price has decreased by -$16.13 from its previous closing price. On the day, 355.45 million shares were traded.
Ratios:
Our analysis of GNLN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on October 01, 2021, initiated with a Buy rating and assigned the stock a target price of $6.30.
On September 07, 2021, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $6.Alliance Global Partners initiated its Buy rating on September 07, 2021, with a $6 target price.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.00.
Stock Price History:
The 50-Day Moving Average of the stock is -84.73%, while the 200-Day Moving Average is calculated to be -99.40%.
Shares Statistics:
A total of 1.02B shares are outstanding, with a floating share count of 1.02B. Insiders hold about 0.00% of the company’s shares, while institutions hold 0.23% stake in the company.
