Greenlane Holdings Inc (GNLN) Shares See 32.50% Rise Over Last Week

At the time of writing, Greenlane Holdings Inc [GNLN] stock is trading at $0.58, up 4.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GNLN shares have gain 32.50% over the last week, with a monthly amount glided 35.58%, and seem to be holding up well over a long-time horizon.

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On 27, November 2023, Greenlane Announces Receipt of Nasdaq Listing Deficiency Notice. In a post published today on Yahoo Finance, Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, announced it has received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on November 22, 2023 indicating that the Company is not currently in compliance with Nasdaq’s Listing Rules (the “Listing Rules”) due to the Company’s inability to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Notice does not immediately affect the listing or trading of the Company’s securities. According to Listing Rule 5250(c)(1), the Company was required to file the Form 10-Q by November 14, 2023 (the “Due Date”). The Company previously reported its inability to file the Form 10-Q by the Due Date on Form 12b-25, which the Company filed with the SEC on November 15, 2023.

From an analyst’s perspective:

Greenlane Holdings Inc [NASDAQ: GNLN] stock has seen the most recent analyst activity on October 01, 2021, when Jefferies initiated its Buy rating and assigned the stock a price target of $6.30. On September 07, 2021, Alliance Global Partners initiated with a Buy rating and assigned a price target of $6 on the stock.

For the past year, the stock price of Greenlane Holdings Inc fluctuated between $0.37 and $3.85. Greenlane Holdings Inc [NASDAQ: GNLN] shares were valued at $0.58 at the most recent close of the market.

Analyzing the GNLN fundamentals

According to Greenlane Holdings Inc [NASDAQ:GNLN], the company’s sales were 77.34M for trailing twelve months, which represents an -58.86% plunge. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.49%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.92, Equity is -0.65 and Total Capital is -2.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5027 points at the first support level, and at 0.4223 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6907, and for the 2nd resistance point, it is at 0.7983.

Greenlane Holdings Inc [GNLN] reported earnings per share of -$6.56 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$4.21/share, meaning a difference of $-2.35 and a surprise factor of -55.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$6.4 per share as compared to estimates of -$11.78 per share, a difference of $5.38 representing a surprise of 45.70%.

Ratios To Look Out For

It is important to note that Greenlane Holdings Inc [NASDAQ:GNLN] has a current ratio of 1.18. Further, the Quick Ratio stands at 0.36, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.03, the price to book ratio is 0.13.