The Greenidge Generation Holdings Inc. (NASDAQ: GREE) Stock Dropped -39.69% In A Single Month – Are There Any Hopes For A Gain? – Marketing Sentinel
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The Greenidge Generation Holdings Inc. (NASDAQ: GREE) Stock Dropped -39.69% In A Single Month – Are There Any Hopes For A Gain?

During the last session, Greenidge Generation Holdings Inc. (NASDAQ:GREE)’s traded shares were 0.6 million. At the end of the trading day, the stock’s price was $5.12, reflecting an intraday gain of 8.02% or $0.38. The 52-week high for the GREE share is $60.00, that puts it down -1071.88 from that peak though still a striking 15.82% gain since the share price plummeted to a 52-week low of $4.31. The company’s market capitalization is $250.68M, and the average trade volume was 748.03K shares over the past three months.

Greenidge Generation Holdings Inc. (GREE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. GREE has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.37.

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Greenidge Generation Holdings Inc. (NASDAQ:GREE) trade information

Greenidge Generation Holdings Inc. (GREE) registered a 8.02% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 8.02% in intraday trading to $5.12 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -15.37%, and it has moved by -39.69% in 30 days.

The consensus price target of analysts on Wall Street is $17.43, which implies an increase of 70.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $24.85 respectively. As a result, GREE is trading at a discount of -385.35% off the target high and -95.31% off the low.

Greenidge Generation Holdings Inc. (GREE) estimates and forecasts

Statistics show that Greenidge Generation Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Greenidge Generation Holdings Inc. (GREE) shares have gone down -80.00% during the last six months, with a year-to-date growth rate more than the industry average at 40.00% against 17.10.

Revenue for the current quarter is expected to be $32.7 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $45.6 million by the end of Mar 2022.

GREE Dividends

Greenidge Generation Holdings Inc. is due to release its next quarterly earnings between March 28 and April 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Greenidge Generation Holdings Inc. (NASDAQ:GREE)’s Major holders

Greenidge Generation Holdings Inc. insiders own 3.80% of total outstanding shares while institutional holders control 51.62%, with the float percentage being 53.66%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 43 institutions own stock in it. As of Dec 30, 2021, the company held over 0.43 million shares (or 3.68% of all shares), a total value of $6.86 million in shares.

The next largest institutional holding, with 0.39 million shares, is of FMR, LLC’s that is approximately 3.39% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $6.31 million.

Also, the Mutual Funds coming in first place with the largest holdings of Greenidge Generation Holdings Inc. (GREE) shares are Vanguard Total Stock Market Index Fund and Fidelity Advisor Multi-Asset Income Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.3 million shares. This amounts to just over 2.56 percent of the company’s overall shares, with a $4.77 million market value. The same data shows that the other fund manager holds slightly less at 0.26 million, or about 2.20% of the stock, which is worth about $4.09 million.

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