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.
Greenlane Holdings Inc (NASDAQ: GNLN) closed the day trading at $3.05 down -1.29% from the previous closing price of $3.09. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 4.71 million shares were traded. GNLN stock price reached its highest trading level at $3.32 during the session, while it also had its lowest trading level at $2.84.
Ratios:
For a better understanding of GNLN, let’s look at its different ratios. 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:
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 4228245 and an Enterprise Value of -672749. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.00. Its current Enterprise Value per Revenue stands at -0.069 whereas that against EBITDA is 0.064.
Stock Price History:
The Beta on a monthly basis for GNLN is 1.58, which has changed by -0.9987382 over the last 52 weeks, in comparison to a change of 0.10611236 over the same period for the S&P500. Over the past 52 weeks, GNLN has reached a high of $16350.00, while it has fallen to a 52-week low of $2.86. The 50-Day Moving Average of the stock is -42.27%, while the 200-Day Moving Average is calculated to be -99.69%.
Shares Statistics:
Over the past 3-months, GNLN traded about 995.75K shares per day on average, while over the past 10 days, GNLN traded about 3893540 shares per day. Insiders hold about 0.00% of the company’s shares, while institutions hold 0.23% stake in the company. Shares short for GNLN as of 1749772800 were 10336 with a Short Ratio of 0.14, compared to 1747267200 on 8038. Therefore, it implies a Short% of Shares Outstanding of 10336 and a Short% of Float of 0.0.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
