In today’s recent session, 44.38 million shares of the Greenlane Holdings Inc (NASDAQ:GNLN) have been traded, and its beta is 1.82. Most recently the company’s share price was $4.35, and it changed around $2.37 or 119.70% from the last close, which brings the market valuation of the company to $2.87M. GNLN at last check was trading at a discount to its 52-week high of $21.80, offering almost -401.15% off that amount. The share price’s 52-week low was $1.95, which indicates that the recent value has risen by an impressive 55.17% since then. We note from Greenlane Holdings Inc’s average daily trading volume that its 10-day average is 0.23 million shares, with the 3-month average coming to 1.53 million.
Greenlane Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended GNLN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Greenlane Holdings Inc is expected to report earnings per share of 0 for the current quarter.
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Greenlane Holdings Inc (NASDAQ:GNLN) trade information
Instantly GNLN has been showing a green trend so far today with a performance of 119.70% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.3000 on recent trading dayincreased the stock’s daily price by 17.92%. The company’s shares are currently down -23.66% year-to-date, but still down -10.31% over the last five days. On the other hand, Greenlane Holdings Inc (NASDAQ:GNLN) is -14.20% down in the 30-day period. We can see from the shorts that 47907.0 shares have been sold at a short interest cover period of 0.1 day(s).
Greenlane Holdings Inc (GNLN) estimates and forecasts
The year-over-year growth rate is expected to be -34.40%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 11.8M in revenue for the current quarter. 1 analysts expect Greenlane Holdings Inc to make 24.94M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 28.68M and 21.99M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -58.90%. Forecasts for the next quarter put sales growth at 13.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 41.00%.
GNLN Dividends
Greenlane Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Jan-09.
Greenlane Holdings Inc (NASDAQ:GNLN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.43% of Greenlane Holdings Inc shares, and 2.00% of them are in the hands of institutional investors. The stock currently has a share float of 2.01%.
