Greenlane Holdings Inc [GNLN] stock prices are up 11.97% to $1.59 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GNLN shares have gain 0.63% over the last week, with a monthly amount drifted -11.17%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Greenlane Holdings Inc [GNLN] has been fluctuating between $1.40 and $21.80 over the past year. Greenlane Holdings Inc [NASDAQ: GNLN] shares were valued at $1.59 at the most recent close of the market.
Analyzing the GNLN fundamentals
The Greenlane Holdings Inc [NASDAQ:GNLN] reported sales of 21.61M for trailing twelve months, representing a drop of -65.78%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.62%, and Net Profit Margin reading is -0.61%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -1.58 and Total Capital is -1.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 1.4033 points at the first support level, and at 1.2167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8133, and for the 2nd resistance point, it is at 2.0367.
Ratios To Look Out For
It’s worth pointing out that Greenlane Holdings Inc [NASDAQ:GNLN]’s Current Ratio is 1.10. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.16.
