What Can We Learn From Greenlane Holdings Inc.(GNLN)’s Valuation Ratios?

Greenlane Holdings Inc. (NASDAQ:GNLN) trading with an addition of $0.03 to $2.33 on Friday, an upside of 1.30 percent. An average of 690,427 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week. The last 20 days have seen an average of 799,057 shares traded, while the 50-day average volume stands at 1,005,803.

GNLN stock has decreased by -13.21% in the last month. The company shares reached their 1-month lowest point of $2.23 on 09/29/21. With the stock rallying to its 52-week high on 02/10/21, shares of the company touched a low of $2.14 and a high of $8.73 in 52 weeks. In spite of this, the price is down -73.31% from the 52-week high.


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Insider Transactions

113 days have passed since Greenlane Holdings Inc. (GNLN) last reported insider trading activity. LoCascio Aaron, who is Chief Executive Officer, most recently acquired $8,617 shares at $3.70 per share on Jun 17. In this transaction, the insider spent $31,883. Chief Executive Officer, LoCascio Aaron, disposed of 37,883 shares at a price of $3.67 on Jun 16. The insider now owns more than $139,031 worth of shares. Prior to that, Chief Financial Officer Mote William E. Jr went on to Sale 21,650 shares at $3.94 each on Jun 07. An amount of $85,301 was transacted.

Valuation Metrics

Greenlane Holdings Inc. (GNLN) has a trailing price-to-earnings (P/E) ratio of 23.70 for the broader industry and 31.99 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.51, the price-to-book (PB) ratio at 2.56.

The quick ratio of Greenlane Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Greenlane Holdings Inc.’s EBITDA margin for the year ending June 29 is -25.91%, while its operating margin for the same period stands at -27.30%. Its gross profit as reported stood at $22.77 million compared to revenue of $138.3 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Greenlane Holdings Inc.’s return on assets was -13.20%. For the broader industry, ROE averaged 9.65 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $34.72 million in the quarter, while revenues of $34.01 million were grew 6.68%. The analyst consensus anticipated Greenlane Holdings Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.22, a -57.10% surprise. For the quarter, EBITDA amounted to -$4.94 million. Shareholders own equity worth $93.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Greenlane Holdings Inc. (GNLN) price momentum. RSI 9-day as of the close on 07 October was 43.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.66%.

As of today, GNLN’s price is $2.35 -5.60% or -$0.14 from its 5-day moving average. GNLN is currently trading -21.85% lower than its 20-day SMA and -34.26% lower than its 100-day SMA. However, the stock’s current price level is -35.16% below the SMA50 and -46.49% below the SMA200.

The stochastic %K and %D were 19.82% and 22.37%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 29.55% and the average true range at 0.17, the RSI (14) stands at 43.39%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.

Analyst Ratings

Jefferies launched coverage on Greenlane Holdings Inc. (NASDAQ: GNLN) in its analyst report released on October 01, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Greenlane Holdings Inc. (GNLN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GNLN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is GNLN’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $6.30, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Greenlane Holdings Inc. (GNLN) stock is $5.55.

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