Greenlane Holdings Inc (NASDAQ:GNLN) Currently -412.94% Below Its 52-Week High, But There May Be A Surprise Downside

In recent trading session, Greenlane Holdings Inc (NASDAQ:GNLN) saw 1.85 million shares changing hands at last check today with its beta currently measuring 1.83. Company’s recent per share price level of $4.25 trading at -$0.25 or -5.45% at last check today assigns it a market valuation of $2.81M. That most recent trading price of GNLN’s stock is at a discount of -412.94% from its 52-week high price of $21.80 and is indicating a premium of 51.76% from its 52-week low price of $2.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.15 million shares which gives us an average trading volume of 1.32 million if we extend that period to 3-months.

Greenlane Holdings Inc (NASDAQ:GNLN) trade information

Upright in the red during last session for losing -5.45%, in the last five days GNLN remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $4.25 price level, adding 25.96% to its value on the day. Greenlane Holdings Inc’s shares saw a change of -25.33% in year-to-date performance and have moved -18.65% in past 5-day. Greenlane Holdings Inc (NASDAQ:GNLN) showed a performance of 64.27% in past 30-days. Number of shares sold short was 0.23 million shares which calculate 0.07 days to cover the short interests.

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Greenlane Holdings Inc (GNLN) estimates and forecasts

This year revenue growth is estimated to fall -34.40% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 11.8M for the same. And 1 analysts are in estimates of company making revenue of 24.94M in the next quarter. Company posted 28.68M and 21.99M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 41.00% during past 5 years.

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

Insiders are in possession of 0.43% of company’s total shares while institution are holding 0.79 percent of that, with stock having share float percentage of 0.80%. Investors also watch the number of corporate investors in a company very closely, which is 0.79% institutions for Greenlane Holdings Inc that are currently holding shares of the company.