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In the latest session, Greenlane Holdings Inc (NASDAQ: GNLN) closed at $2.36 down -7.45% from its previous closing price of $2.55. In other words, the price has decreased by -$7.45 from its previous closing price. On the day, 7.12 million shares were traded. GNLN stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $2.09.
Ratios:
For a deeper understanding of Greenlane Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 1556167 and an Enterprise Value of 7455298. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at 0.254 whereas that against EBITDA is -0.476.
Stock Price History:
Over the past 52 weeks, GNLN has reached a high of $21.80, while it has fallen to a 52-week low of $1.95. The 50-Day Moving Average of the stock is -46.00%, while the 200-Day Moving Average is calculated to be -54.15%.
Shares Statistics:
For the past three months, GNLN has traded an average of 2.40M shares per day and 5808610 over the past ten days. A total of 0.66M shares are outstanding, with a floating share count of 0.66M. Insiders hold about 0.19% of the company’s shares, while institutions hold 8.83% stake in the company. Shares short for GNLN as of 1728950400 were 47907 with a Short Ratio of 0.02, compared to 1726185600 on 26286. Therefore, it implies a Short% of Shares Outstanding of 47907 and a Short% of Float of 7.2700000000000005.
