In today’s recent session, 0.49 million shares of the Greenidge Generation Holdings Inc (NASDAQ:GREE) have been traded, and its beta is 3.10. Most recently the company’s share price was $2.58, and it changed around $0.23 or 9.79% from the last close, which brings the market valuation of the company to $27.53M. GREE at last check was trading at a discount to its 52-week high of $9.26, offering almost -258.91% off that amount. The share price’s 52-week low was $1.62, which indicates that the recent value has risen by an impressive 37.21% since then. We note from Greenidge Generation Holdings Inc’s average daily trading volume that its 10-day average is 0.31 million shares, with the 3-month average coming to 173.64K.
Greenidge Generation Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. 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, 0 recommended GREE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Greenidge Generation Holdings Inc is expected to report earnings per share of -0.53 for the current quarter.
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Greenidge Generation Holdings Inc (NASDAQ:GREE) trade information
Instantly GREE has been showing a green trend so far today with a performance of 9.79% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.60 on recent trading dayincreased the stock’s daily price by 0.77%. The company’s shares are currently down -61.55% year-to-date, but still up 2.38% over the last five days. On the other hand, Greenidge Generation Holdings Inc (NASDAQ:GREE) is 42.54% up in the 30-day period. We can see from the shorts that 0.45 million shares have been sold at a short interest cover period of 2.97 day(s).
Greenidge Generation Holdings Inc (GREE) estimates and forecasts
Greenidge Generation Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.73 percent over the past six months and at a 57.71% annual growth rate that is well above the industry average of 10.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.20% in revenue this quarter, and will report a decrease of -229.50% in the next quarter.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 14.2M in revenue for the current quarter. 1 analysts expect Greenidge Generation Holdings Inc to make 13.6M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.24%.
GREE Dividends
Greenidge Generation Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Aug-14.
Greenidge Generation Holdings Inc (NASDAQ:GREE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.49% of Greenidge Generation Holdings Inc shares, and 8.40% of them are in the hands of institutional investors. The stock currently has a share float of 8.52%.
