Greenlane Holdings Inc (GNLN) concluded trading on Thursday at a closing price of $5.05, with 3.53 million shares of worth about $17.84 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.15% during that period and on September 05, 2024 the price saw a gain of about 12.22%. Currently the company’s common shares owned by public are about 0.66M shares, out of which, 0.66M shares are available for trading.
Stock saw a price change of -3.44% in past 5 days and over the past one month there was a price change of 94.98%. Year-to-date (YTD), GNLN shares are showing a performance of -11.37% which decreased to -52.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.05 but also hit the highest price of $21.80 during that period. The average intraday trading volume for Greenlane Holdings Inc shares is 1.32 million. The stock is currently trading -31.25% below its 20-day simple moving average (SMA20), while that difference is up 4.86% for SMA50 and it goes to -7.78% lower than SMA200.
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Greenlane Holdings Inc (NASDAQ: GNLN) currently have 0.66M outstanding shares and institutions hold larger chunk of about 3.50% of that.
The stock has a current market capitalization of $3.33M and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$43.70 in the same period. It has Quick Ratio of 0.16 while making debt-to-equity ratio of 1.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNLN, volatility over the week remained 19.77% while standing at 38.86% over the month.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 01, 2021 offering a Buy rating for the stock and assigned a target price of $6.30 to it. Coverage by Cowen stated Greenlane Holdings Inc (GNLN) stock as an Outperform in their note to investors on September 10, 2021, suggesting a price target of $5 for the stock.
