Wednesday, January 27, 2021

Market cap of Greenlane Holdings Inc. [GNLN] reaches 87.43M – now what?

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Greenlane Holdings Inc. [NASDAQ: GNLN] surged by $1.06 during the normal trading session on Monday and reaching a high of $6.65 during the day while it closed the day at $6.29. The company report on January 11, 2021 that Greenlane Announces Dismissal of Class Action Suit with Prejudice.

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Judge Deems Claims Against Greenlane “Meritless” and Dismissed the Case with Prejudice.


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Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, announced that a complaint filed on March 6, 2020, with the United States District Court, Southern District of Florida (“the Court”), Case No. 9:19-cv-81259-RKA, has been dismissed in its entirety with prejudice and the case closed.

Greenlane Holdings Inc. stock has also gained 44.60% of its value over the past 7 days. However, GNLN stock has inclined by 135.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 80.75% and gained 58.84% year-on date.

The market cap for GNLN stock reached $87.43 million, with 12.80 million shares outstanding and 12.59 million shares in the current float. Compared to the average trading volume of 397.94K shares, GNLN reached a trading volume of 2641120 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Greenlane Holdings Inc. [GNLN]:

The Average True Range (ATR) for Greenlane Holdings Inc. is set at 0.56, with the Price to Sales ratio for GNLN stock in the period of the last 12 months amounting to 0.63. The Price to Book ratio for the last quarter was 4.37, with the Price to Cash per share for the same quarter was set at 2.88.

GNLN stock trade performance evaluation

Greenlane Holdings Inc. [GNLN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 44.60. With this latest performance, GNLN shares gained by 66.84% in over the last four-week period, additionally plugging by 80.75% over the last 6 months – not to mention a rise of 116.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNLN stock in for the last two-week period is set at 73.95, with the RSI for the last a single of trading hit 78.11, and the three-weeks RSI is set at 70.87 for Greenlane Holdings Inc. [GNLN]. The present Moving Average for the last 50 days of trading for this stock 3.79, while it was recorded at 5.37 for the last single week of trading, and 3.12 for the last 200 days.

Greenlane Holdings Inc. [GNLN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Greenlane Holdings Inc. [GNLN] shares currently have an operating margin of -13.05 and a Gross Margin at -0.72. Greenlane Holdings Inc.’s Net Margin is presently recorded at -5.26.

Return on Total Capital for GNLN is now -27.51, given the latest momentum, and Return on Invested Capital for the company is -23.71. Return on Equity for this stock declined to -90.95, with Return on Assets sitting at -8.41. When it comes to the capital structure of this company, Greenlane Holdings Inc. [GNLN] has a Total Debt to Total Equity ratio set at 59.93. Additionally, GNLN Total Debt to Total Capital is recorded at 37.47, with Total Debt to Total Assets ending up at 8.77. Long-Term Debt to Equity for the company is recorded at 53.78, with the Long-Term Debt to Total Capital now at 33.63.

Reflecting on the efficiency of the workforce at the company, Greenlane Holdings Inc. [GNLN] managed to generate an average of -$27,791 per employee. Receivables Turnover for the company is 22.69 with a Total Asset Turnover recorded at a value of 1.60.Greenlane Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.70.

Earnings per share (EPS) analysis for Greenlane Holdings Inc. [GNLN] stock

With the latest financial reports released by the company, Greenlane Holdings Inc. posted -0.74/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -957.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GNLN.

Greenlane Holdings Inc. [GNLN]: Insider Ownership positions

There are presently around $24 million, or 36.30% of GNLN stock, in the hands of institutional investors. The top three institutional holders of GNLN stocks are: BLACKROCK INC. with ownership of 603,581, which is approximately -4.551% of the company’s market cap and around 0.40% of the total institutional ownership; FNY INVESTMENT ADVISERS, LLC, holding 463,259 shares of the stock with an approximate value of $2.91 million in GNLN stocks shares; and ADVISORSHARES INVESTMENTS LLC, currently with $2.85 million in GNLN stock with ownership of nearly 57.129% of the company’s market capitalization.

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Positions in Greenlane Holdings Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 17 institutional holders increased their position in Greenlane Holdings Inc. [NASDAQ:GNLN] by around 419,940 shares. Additionally, 23 investors decreased positions by around 327,823 shares, while 15 investors held positions by with 3,776,698 shares. The mentioned changes placed institutional holdings at 4,524,461 shares, according to the latest SEC report filing. GNLN stock had 5 new institutional investments in for a total of 60,810 shares, while 7 institutional investors sold positions of 69,302 shares during the same period.

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