Greenlane Holdings Inc (NASDAQ:GNLN) currently has a daily average trading volume of 52.05M but it saw 282430696 shares traded in last market. With a market cap of 0.07M USD, the company’s current market price of $0.01 came falling about -17.58 while comparing to the previous closing price of $0.01.
Taking a look at 20-day trading activity of Greenlane Holdings Inc (GNLN) gives us an average price of $0.1351. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3237 while that of 200 days or SMA-200 reads an average of $2.5417. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.13% during that period while stretching the period over a month that decreases to 17.53%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 18.40 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which initiated the stock as “Buy” in its note to investors issued on October 01, 2021, recommending a price target of $6.30 for it. Alliance Global Partners also issued its recommendations for the stock as it initiated the price target for the stock is $6.
Over the week, GNLN’s stock price is moving -33.63% down while it is -97.10% when we observe its performance for the past one month. Year-to-date it is -99.55% down and over the past year, the stock is showing a downside performance of -99.89%.
Currently, Greenlane Holdings Inc’s total number of outstanding shares is 8.34M with 0.22% of that held by the insiders while 0.14% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -270.77% and return on equity (ROE) at -200.95%. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 0.00 while price to sale or P/S ratio amounts to 0.00. Its return on asset (ROA) is -52.65% on average.
