A share price of Greenlane Holdings Inc [GNLN] is currently trading at $0.71, up 11.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The GNLN shares have gain 17.54% over the last week, with a monthly amount glided 36.73%, and seem to be holding up well over a long-time horizon.
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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.
Greenlane Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.37 and $3.65. Greenlane Holdings Inc [NASDAQ: GNLN] shares were valued at $0.71 at the most recent close of the market.
Analyzing the GNLN fundamentals
Trailing Twelve Months sales for Greenlane Holdings Inc [NASDAQ:GNLN] were 77.34M which represents -58.86% decline. 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 0.6507 points at the first support level, and at 0.5905 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7556, and for the 2nd resistance point, it is at 0.8003.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Greenlane Holdings Inc [NASDAQ:GNLN] is 1.18. On the other hand, the Quick Ratio is 0.36, and 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 0.16.
Transactions by insiders
Recent insider trading involved Snyder Craig A., Chief Executive Officer, that happened on May 22 ’23 when 1200.0 shares were purchased.
