Now Is The Time To Build A Position In Greenidge Generation Holdings Inc (NASDAQ:GREE)

Greenidge Generation Holdings Inc (NASDAQ:GREE)’s traded shares stood at 0.55 million during the last session, with the company’s beta value hitting 3.02. At the close of trading, the stock’s price was $2.37, to imply an increase of 4.41% or $0.1 in intraday trading. The GREE share’s 52-week high remains $9.26, putting it -290.72% down since that peak but still an impressive 31.65% since price per share fell to its 52-week low of $1.62. The company has a valuation of $27.10M, with an average of 0.81 million shares in intraday trading volume over the past 10 days and average of 1.12 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Greenidge Generation Holdings Inc (GREE), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GREE a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.57.

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Greenidge Generation Holdings Inc (NASDAQ:GREE) trade information

After registering a 4.41% upside in the last session, Greenidge Generation Holdings Inc (GREE) has traded red over the past five days. The 5-day price performance for the stock is -1.66%, and -4.44% over 30 days. With these gigs, the year-to-date price performance is -64.68%. Short interest in Greenidge Generation Holdings Inc (NASDAQ:GREE) saw shorts transact 0.45 million shares and set a 2.97 days time to cover.

Greenidge Generation Holdings Inc (GREE) estimates and forecasts

Looking at statistics comparing Greenidge Generation Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Greenidge Generation Holdings Inc (GREE) shares are -11.90% down over the last 6 months, with its year-to-date growth rate higher than industry average at 57.71% against 7.60%. The rating firms project that company’s revenue will shrink -10.35% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 13.6M.

GREE Dividends

Greenidge Generation Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Greenidge Generation Holdings Inc insiders hold 1.44% of total outstanding shares, with institutional holders owning 6.29% of the shares at 6.38% float percentage. In total, 6.29% institutions holds shares in the company.