The price of Greenlane Holdings Inc (NASDAQ: GNLN) closed at $0.51 in the last session, up 8.97% from day before closing price of $0.47. In other words, the price has increased by $+0.0420 from its previous closing price. On the day, 1359697 shares were traded.
Ratios:
We take a closer look at GNLN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.08.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 22 ’23 when Snyder Craig A. bought 1,200 shares for $0.32 per share. The transaction valued at 384 led to the insider holds 14,243 shares of the business.
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 1.75M and an Enterprise Value of 8.55M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02 while its Price-to-Book (P/B) ratio in mrq is 0.11. Its current Enterprise Value per Revenue stands at 0.11 whereas that against EBITDA is 0.32.
Stock Price History:
The Beta on a monthly basis for GNLN is 1.89, which has changed by -85.43% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. Over the past 52 weeks, GNLN has reached a high of $3.85, while it has fallen to a 52-week low of $0.37. The 50-Day Moving Average of the stock is 0.4688, while the 200-Day Moving Average is calculated to be 0.6865.
Shares Statistics:
According to the various share statistics, GNLN traded on average about 85.53K shares per day over the past 3-months and 447.08k shares per day over the past 10 days. A total of 3.73M shares are outstanding, with a floating share count of 3.70M. Insiders hold about 0.98% of the company’s shares, while institutions hold 13.95% stake in the company. Shares short for GNLN as of Mar 15, 2024 were 51.76k with a Short Ratio of 0.61, compared to 25.9k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.39% and a Short% of Float of 1.46%.
Earnings Estimates
The company has 0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$114.3. 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. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $11.8M. It ranges from a high estimate of $21.39M to a low estimate of $21.39M. As of the current estimate, Greenlane Holdings Inc’s year-ago sales were $28.68M, an estimated decrease of -58.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $24.94M, an increase of 13.40% over than the figure of -$58.90% in the same quarter last year. There is a high estimate of $24.94M for the next quarter, whereas the lowest estimate is $24.94M.
A total of 1 analysts have provided revenue estimates for GNLN’s current fiscal year. The highest revenue estimate was $89.91M, while the lowest revenue estimate was $89.91M, resulting in an average revenue estimate of $89.91M. In the same quarter a year ago, actual revenue was $137.09M, down -34.40% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $106.95M in the next fiscal year. The high estimate is $106.95M and the low estimate is $106.95M. The average revenue growth estimate for next year is up 19.00% from the average revenue estimate for this year.
