Greenlane Holdings Inc (GNLN) Gains 207.16%, Causing Bears To Win

Greenlane Holdings Inc (NASDAQ:GNLN) has a beta value of 1.75 and has seen 20.91 million shares traded in the recent trading session. The company, currently valued at $4.02M, closed the recent trade at $7.59 per share which meant it gained $5.12 on the day or 207.16% during that session. The GNLN stock price is -49.28% off its 52-week high price of $11.33 and 72.99% above the 52-week low of $2.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.2 million shares traded. The 3-month trading volume is 53.36K shares.

Greenlane Holdings Inc (NASDAQ:GNLN) trade information

Sporting 207.16% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GNLN stock price touched $7.59 or saw a rise of 27.23%. Year-to-date, Greenlane Holdings Inc shares have moved 33.20%, while the 5-day performance has seen it change 251.39%. Over the past 30 days, the shares of Greenlane Holdings Inc (NASDAQ:GNLN) have changed 150.45%. Short interest in the company has seen 12042.0 shares shorted with days to cover at 0.39.

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Greenlane Holdings Inc (GNLN) estimates and forecasts

The company’s shares have gained 72.50% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -34.40%.

1 analysts offering their estimates for the company have set an average revenue estimate of 11.8M for the current quarter. 1 have an estimated revenue figure of 24.94M for the next ending quarter. Year-ago sales stood 28.68M and 21.99M respectively for this quarter and the next, and analysts expect sales will shrink by -58.90% for the current quarter and -34.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 41.00% over the past 5 years.

Greenlane Holdings Inc (NASDAQ:GNLN)’s Major holders

Insiders own 0.03% of the company shares, while shares held by institutions stand at 8.50% with a share float percentage of 8.51%. Investors are also buoyed by the number of investors in a company, with Greenlane Holdings Inc having a total of 16.0 institutions that hold shares in the company.