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 price of Greenlane Holdings Inc (NASDAQ: GNLN) closed at $1.59 in the last session, down -2.45% from day before closing price of $1.63. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 0.14 million shares were traded. GNLN stock price reached its highest trading level at $1.65 during the session, while it also had its lowest trading level at $1.51.
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 0.29 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 3366220 and an Enterprise Value of 7207161. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 0.245 whereas that against EBITDA is -0.46.
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 $1.40. The 50-Day Moving Average of the stock is -18.56%, while the 200-Day Moving Average is calculated to be -64.34%.
Shares Statistics:
According to the various share statistics, GNLN traded on average about 1.16M shares per day over the past 3-months and 121400 shares per day over the past 10 days. A total of 1.98M shares are outstanding, with a floating share count of 1.98M. Insiders hold about 0.09% of the company’s shares, while institutions hold 3.75% stake in the company. Shares short for GNLN as of 1730332800 were 67620 with a Short Ratio of 0.08, compared to 1727654400 on 18049. Therefore, it implies a Short% of Shares Outstanding of 67620 and a Short% of Float of 10.25.
