Greenlane Holdings Inc [NASDAQ: GNLN] loss -34.42% or -0.01 points to close at $0.01 with a heavy trading volume of 740526866 shares.
The daily chart for GNLN points out that the company has recorded -99.38% loss over the past six months.
If we look at the average trading volume of 232.37M shares, GNLN reached to a volume of 740526866 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 0.01, with the Price to Sales ratio for GNLN stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 0.00, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for GNLN stock
Greenlane Holdings Inc [GNLN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 53.03. With this latest performance, GNLN shares gained by 62.90% in over the last four-week period, additionally sinking by -99.38% over the last 6 months – not to mention a drop of -99.81% in the past year of trading.
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Greenlane Holdings Inc [GNLN]: A deeper dive into fundamental analysis
Greenlane Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 2.25.
