Greenlane Holdings Inc. (NASDAQ:GNLN) saw an upside of 7.83% to $2.34 after adding $0.17 on Wednesday. The 5-day average trading volume is 1,293,167 shares of the company’s common stock. It has gained $2.42 in the past week. An average of 856,047 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,087,111.
GNLN’s 1-month performance is -20.80% or -$0.36 on its low of $2.15 reached on 10/11/21. The company’s shares have touched a 52-week low of $2.14 and high of $8.73, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, GNLN has lost -45.20% or -$1.58. However, the current price is down -73.20%% from the 52-week high price.
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On Jun 17, 118 days have gone by since the last insider trading activity for Greenlane Holdings Inc. (GNLN). LoCascio Aaron (Chief Executive Officer) most recently sold 8,617 shares at $3.70 per share on Jun 17. This transaction cost the insider $31,883. Chief Executive Officer, LoCascio Aaron, sold 37,883 shares at a price of $3.67 on Jun 16. Then, on Jun 07, Chief Financial Officer Mote William E. Jr sold 21,650 shares at a price of $3.94 per share. This transaction amounted to $85,301.
Greenlane Holdings Inc. (GNLN) has a trailing price-to-earnings (P/E) ratio of 23.70 for the broader industry and 32.20 for the sector.GNLN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.55 while the price-to-book (PB) in the most recent quarter is 2.41.
Greenlane Holdings Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 2.20 meaning that GNLN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.64. In terms of profitability, the gross margin trailing 12 months is 16.80%. The trailing 12-month EBITDA margin is -25.91% while for the period ending June 29; Greenlane Holdings Inc.’s operating margin was -27.30%. The firm’s gross profit as reported stood at $22.77 million against revenue of $138.3 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 6.68% to $34.72 million, while revenue of $34.01 million was 2.04% off the previous quarter. Analysts expected GNLN to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.22, representing a -57.10% surprise. EBITDA for the quarter stood at more than -$4.94 million. GNLN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 43.38 million, with total debt at $13.79 million. Shareholders hold equity totaling $93.93 million
Let’s look briefly at Greenlane Holdings Inc. (GNLN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 49.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.06%.
The stock’s 5-day moving average is $2.26, reflecting a +3.40% or $0.08 change from its current price. GNLN is currently trading -9.23% above its 20-day SMA, -30.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -29.01% and -41.85% respectively.
Stochastic %K and %D was 20.44% and 14.96% and the average true range (ATR) pointed at 0.16. The RSI (14) points at 46.61%, while the 14-day stochastic is at 45.64% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.12 on the 14-day charts.
In the most recent analyst report for Greenlane Holdings Inc. (NASDAQ: GNLN), Jefferies launched coverage with a Buy rating. Analysts offering their rating for GNLN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GNLN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is GNLN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $6.30, with their median price target at $5.50. Looking at these predictions, the average price target given by analysts is for Greenlane Holdings Inc. (GNLN) stock is $5.55.