Greenlane Holdings Inc (NASDAQ:GNLN) does about 150.99M shares in volume on a normal day but saw 100628704 shares change hands in the recent trading day. The company now has a market cap of 6.63M USD. Its current market price is $0.01, marking a decrease of -1.52% compared to the previous close of $0.01.
The consensus objective for the share price is $151.25, suggesting that the stock has a potential upside of 99.99% 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.
The current price level is 3.50%, -93.51%, and -99.66% away from its SMA20, SMA50, and SMA200 respectively, with the GNLN price moving above the 50-day SMA on current market day. Greenlane Holdings Inc (GNLN) stock is up 6.56% over the week and 6.56% over the past month. Its price is -99.61% year-to-date and -99.89% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 99.99 percent from here.
Outstanding shares total 1.02B with insiders holding 0.04% of the shares and institutional holders owning 0.19% of the company’s common stock. The company has a return on investment of -73.00% and return on equity of -113.32%. The beta has a value of 1.52. Price to book ratio is 0.00 and price to sales ratio is 0.68.
