Greenlane Holdings Inc (NASDAQ:GNLN) does about 53.36K shares in volume on a normal day but saw 46909126 shares change hands in the recent trading day. The company now has a market cap of 6.10M USD. Its current market price is $11.50, marking an increase of 365.40% compared to the previous close of $2.47. The 52 week high reached by this stock is $11.33 whilst the lowest price level in 52 weeks is $2.05.
Greenlane Holdings Inc (GNLN) has a 20-day trading average at $3.43 and the current price is 1.50% off the 52-week high compared with 460.98% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.03 and its 200-day simple moving average is $5.33. If we look at the stock’s price movements over the week, volatility stands at 72.21%, which decreases to 26.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 80.41 to suggest the stock is overbought.
The consensus objective for the share price is $151.25, suggesting that the stock has a potential upside of 92.4% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 01, 2021 when Jefferies initiated the stock to “Buy” and issued a price target of $6.30. Alliance Global Partners initiated its price target at $6.
Greenlane Holdings Inc (GNLN) stock is up 432.41% over the week and 279.48% over the past month. Its price is 101.83% year-to-date and 22.28% over the past year.
To reach the target analysts have set, the stock logically needs to grow 92.4 percent from here.
The company has a return on investment of -372.82% and return on equity of -149.65%. The beta has a value of 1.75. Price to book ratio is 0.67 and price to sales ratio is 0.13.
