Greenlane Holdings Inc [NASDAQ: GNLN] price surged by 12.22 percent to reach at $0.55.
The one-year GNLN stock forecast points to a potential upside of 96.66. The average equity rating for GNLN stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Greenlane Holdings Inc [GNLN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNLN shares is $151.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNLN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Greenlane Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 01, 2021. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on September 10, 2021, representing the official price target for Greenlane Holdings Inc stock. Previously, the target price had yet another raise to $6, while Alliance Global Partners analysts kept a Buy rating on GNLN stock.
The Average True Range (ATR) for Greenlane Holdings Inc is set at 1.77, with the Price to Sales ratio for GNLN stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 0.26.
GNLN Stock Performance Analysis:
Greenlane Holdings Inc [GNLN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.44. With this latest performance, GNLN shares gained by 94.98% in over the last four-week period, additionally sinking by -3.15% over the last 6 months – not to mention a drop of -52.00% 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 46.34, with the RSI for the last a single of trading hit 42.92, and the three-weeks RSI is set at 47.99 for Greenlane Holdings Inc [GNLN]. The present Moving Average for the last 50 days of trading for this stock 4.84, while it was recorded at 5.06 for the last single week of trading, and 5.47 for the last 200 days.
Insight into Greenlane Holdings Inc Fundamentals:
Greenlane Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.16 and a Current Ratio set at 0.96.
GNLN Stock EPS
With the latest financial reports released by the company, Greenlane Holdings Inc posted -1257.3/share EPS, while the average EPS was predicted by analysts to be reported at -132.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1125.03. 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] Institutonal Ownership Details
There are presently around $0.79%, or 0.80%% of GNLN stock, in the hands of institutional investors.
