There is no way Greenlane Holdings Inc (GNLN) can keep these numbers up

With 2.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Tobacco company that operates in wider Consumer Defensive sector, reached to the highest price of $0.267 whereas the lowest price it dropped to was $0.2395. The 52-week range on GNLN shows that it touched its highest point at $1.05 and its lowest point at $0.25 during that stretch. It currently has a 1-year price target of $13.75. Beta for the stock currently stands at 1.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GNLN was down-trending over the past week, with a drop of -16.39%, but this was down by -56.41% over a month. Three-month performance dropped to -50.49% while six-month performance fell -48.43%. The stock lost -74.75% in the past year, while it has lost -50.77% so far this year.

Float and Shares Shorts:

At present, 5.82 million GNLN shares are outstanding with a float of 5.79 million shares on hand for trading. On 2024-06-14, short shares totaled 29184.0, which was 77.99999999999999 higher than short shares on 1715731200. In addition to Mr. Aaron LoCascio as the firm’s Co-Founder & Director, Ms. Lana Reeve serves as its Chief Financial & Legal Officer.

Institutional Ownership:

Through their ownership of 0.07541 of GNLN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-09-30, GNLN reported revenue of $11800000.0 and operating income of -$6887000.0. The EBITDA in the recently reported quarter was -$6159000.0 and diluted EPS was -$1.91.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GNLN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.