What Are The Risk Factors For Greenlane Holdings Inc. (GNLN)?


As of Wednesday close, Greenlane Holdings Inc.’s (NASDAQ:GNLN) stock traded at $0.48. The average number of shares traded per day over the past five days has been 193,580 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0097 gain in that time frame. In the last twenty days, the average volume was 1,373,535, while in the previous 50 days, it was 657,204.

Since last month, GNLN stock retreated -71.66%. Shares of the company fell to $0.4158 on 11/03/22, the lowest level in the past month. A 52-week high of $27.40 was reached on 01/04/22 after having rallying from a 52-week low of $0.42. Since the beginning of this year, GNLN’s stock price has dropped by -97.52% or -$18.8030, and marked a new high 2 times. However, the stock has declined by -98.25% since its 52-week high.

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GNLN stock investors should be aware that Greenlane Holdings Inc. (GNLN) stock had its last reported insider trading activity 195 days ago on May 13. Schoenfeld Adam, the Director of the company, disposed of 33,000 shares for $0.33 on May 13. It resulted in a $11,009 divestment by the insider. Schoenfeld Adam sold 33,000 shares at an average price of $0.36 on May 06. The insider now owns 69,244 shares following the transaction. On Apr 29, Director Schoenfeld Adam sold 33,000 shares at $0.35 apiece. The transaction was valued at $11,540.

Valuation Metrics

The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.04, the price-to-book (PB) ratio of 0.03.

Financial Health

In the three months ended September 29, Greenlane Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 1.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.13, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 14.50% percent. In the year ended September 29, operating margins totaled -66.90%. Based on annual data, GNLN earned $27.68 million in gross profit and brought in $166.06 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -26.80%. Return on equity (ROE) for the past 12 months was -71.40%.

In Greenlane Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $13.49 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GNLN’s revenue fell -44.04% to $39.92 million during the quarter, while net income inched up to $28.68 million. While analysts expected Greenlane Holdings Inc. to report -$1.2 quarterly earnings, the actual figure was -$11.43 per share, beating the consensus estimate by -852.50%. During the quarter, the company generated -$10.58 million in EBITDA. The liabilities of Greenlane Holdings Inc. were 63.78 million at the end of its most recent quarter ended September 29, and its total debt was $22.13 million. The value of shareholders’ equity is $15.95 million.

Technical Picture

This quick technical analysis looks at Greenlane Holdings Inc.’s (GNLN) price momentum. With a historical volatility rate of 66.57%, the RSI 9-day stood at 27.72% on 23 November.

With respect to its five-day moving average, the current Greenlane Holdings Inc. price is up by +2.07% percent or $0.0097. At present, GNLN shares trade -67.64% below its 20-day simple moving average and -88.39% percent below its 100-day simple moving average. However, the stock is currently trading approximately -79.70% below its SMA50 and -96.41% below its SMA200.

Stochastic coefficient K was 41.47% and Stochastic coefficient D was 43.25%, while ATR was 0.0696. Given the Stochastic reading of 38.93% for the 14-day period, the RSI (14) reading has been calculated as 26.83%. As of today, the MACD Oscillator reading stands at -0.0161.

Analyst Ratings

Jefferies launched its rating on Greenlane Holdings Inc. (NASDAQ: GNLN) to a Buy in a note to investors on October 01, 2021. Greenlane Holdings Inc. (GNLN) has been rated Overweight by analysts. According to 0 brokerage firms, GNLN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Greenlane Holdings Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $0.75 – $7.90. Based on these forecasts, analysts predict Greenlane Holdings Inc. (GNLN) will achieve an average price target of $3.55.


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