Greenidge Generation Holdings Inc (NASDAQ:GREE) Has Seen A Fall Of -51.49% This Year, Is It Still A Better Option Than Others?

In last trading session, Greenidge Generation Holdings Inc (NASDAQ:GREE) saw 0.71 million shares changing hands with its beta currently measuring 3.00. Company’s recent per share price level of $2.44 trading at $0.21 or 9.42% at ring of the bell on the day assigns it a market valuation of $27.90M. That closing price of GREE’s stock is at a discount of -279.51% from its 52-week high price of $9.26 and is indicating a premium of 33.61% from its 52-week low price of $1.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.29 million shares which gives us an average trading volume of 1.06 million if we extend that period to 3-months.

For Greenidge Generation Holdings Inc (GREE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.57 in the current quarter.

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Greenidge Generation Holdings Inc (NASDAQ:GREE) trade information

Upright in the green during last session for gaining 9.42%, in the last five days GREE remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $2.44 price level, adding 4.31% to its value on the day. Greenidge Generation Holdings Inc’s shares saw a change of -63.64% in year-to-date performance and have moved 15.09% in past 5-day. Greenidge Generation Holdings Inc (NASDAQ:GREE) showed a performance of -0.41% in past 30-days. Number of shares sold short was 0.45 million shares which calculate 2.97 days to cover the short interests.

Greenidge Generation Holdings Inc (GREE) estimates and forecasts

Statistics highlight that Greenidge Generation Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -6.87% of value to its shares in past 6 months, showing an annual growth rate of 57.71% while that of industry is 8.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.35% 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 13.6M for the same.

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 36.24% during past 5 years.

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

Insiders are in possession of 1.44% of company’s total shares while institution are holding 6.29 percent of that, with stock having share float percentage of 6.38%. Investors also watch the number of corporate investors in a company very closely, which is 6.29% institutions for Greenidge Generation Holdings Inc that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 134.33 shares of worth $0.32 million or 1.54% of the total outstanding shares. The later fund manager was in possession of 73.18 shares on Jun 30, 2024 , making its stake of worth around $0.18 million in the company or a holder of 0.84% of company’s stock.