Market Watch Highlights: Greenidge Generation Holdings Inc (GREE) Ends on an Downturn Note at 2.62

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As of close of business last night, Greenidge Generation Holdings Inc’s stock clocked out at $2.62, down -2.96% from its previous closing price of $2.70. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 1.57 million shares were traded. GREE stock price reached its highest trading level at $2.76 during the session, while it also had its lowest trading level at $2.48.

Ratios:

To gain a deeper understanding of GREE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22.

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, Stifel on March 25, 2022, initiated with a Hold rating and assigned the stock a target price of $10.

On September 29, 2021, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $78.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 06 ’24 when Kovler Jordan bought 5,000 shares for $1.72 per share. The transaction valued at 8,598 led to the insider holds 68,282 shares of the business.

Irwin Dale sold 8,777 shares of GREE for $24,639 on May 28 ’24. The President now owns 70,962 shares after completing the transaction at $2.81 per share. On May 20 ’24, another insider, Irwin Dale, who serves as the President of the company, sold 25,000 shares for $2.55 each. As a result, the insider received 63,797 and left with 79,739 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GREE now has a Market Capitalization of 29233434 and an Enterprise Value of 84899848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45. Its current Enterprise Value per Revenue stands at 1.164 whereas that against EBITDA is 61.566.

Stock Price History:

Over the past 52 weeks, GREE has reached a high of $9.26, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 20.84%, while the 200-Day Moving Average is calculated to be -3.93%.

Shares Statistics:

It appears that GREE traded 958.23K shares on average per day over the past three months and 5153780 shares per day over the past ten days. A total of 11.16M shares are outstanding, with a floating share count of 8.06M. Insiders hold about 27.75% of the company’s shares, while institutions hold 3.78% stake in the company. Shares short for GREE as of 1728950400 were 447990 with a Short Ratio of 0.30, compared to 1726185600 on 354768. Therefore, it implies a Short% of Shares Outstanding of 447990 and a Short% of Float of 5.84.

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