Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Greenlane Holdings Inc (NASDAQ: GNLN) closed the day trading at $0.27 down -18.58% from the previous closing price of $0.33. In other words, the price has decreased by -$18.58 from its previous closing price. On the day, 0.54 million shares were traded. GNLN stock price reached its highest trading level at $0.3115 during the session, while it also had its lowest trading level at $0.2631.
Ratios:
For a better understanding of GNLN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GNLN now has a Market Capitalization of 2714518 and an Enterprise Value of 7996996. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.09. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is -0.829.
Stock Price History:
The Beta on a monthly basis for GNLN is 2.17, which has changed by -0.95384884 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, GNLN has reached a high of $21.80, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -73.25%, while the 200-Day Moving Average is calculated to be -91.52%.
Shares Statistics:
Over the past 3-months, GNLN traded about 198.63K shares per day on average, while over the past 10 days, GNLN traded about 303170 shares per day. A total of 8.34M shares are outstanding, with a floating share count of 8.34M. Insiders hold about 0.00% of the company’s shares, while institutions hold 29.01% stake in the company. Shares short for GNLN as of 1740700800 were 573237 with a Short Ratio of 2.89, compared to 1738281600 on 43337. Therefore, it implies a Short% of Shares Outstanding of 573237 and a Short% of Float of 6.88.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
