NASDAQ:GNLN Greenlane (GNLN) Stock Forecast, Price & News $0.32 0.00 (0.00%) (As of 05/26/2023 03:58 PM ET) Add Compare Share Share Today's Range$0.32▼$0.3350-Day Range$0.29▼$0.3852-Week Range$0.27▼$8.39Volume48,900 shsAverage Volume265,564 shsMarket Capitalization$5.01 millionP/E RatioN/ADividend YieldN/APrice Target$3.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Greenlane MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside1,008.3% Upside$3.50 Price TargetShort InterestHealthy0.41% of Float Sold ShortDividend StrengthN/ASustainability-2.42Upright™ Environmental ScoreNews Sentiment0.43Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.46) to ($0.55) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 stars 3.0 Analyst's Opinion Consensus RatingGreenlane has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.50, Greenlane has a forecasted upside of 1,008.3% from its current price of $0.32.Amount of Analyst CoverageGreenlane has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.41% of the float of Greenlane has been sold short.Short Interest Ratio / Days to CoverGreenlane has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Greenlane has recently increased by 26.53%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGreenlane does not currently pay a dividend.Dividend GrowthGreenlane does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGreenlane has received a -424.94% net impact score from Upright. The largest negative impact of Greenlane in category "Physical diseases" seems to be driven mostly by its "Unflavoured e-cigarettes", "Flavoured e-cigarettes", and "Vaporizers" products. See details.Environmental SustainabilityThe Environmental Impact score for Greenlane is -2.42. Previous Next 1.9 News and Social Media Coverage News SentimentGreenlane has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Greenlane this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for GNLN on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Greenlane to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Greenlane insiders have not sold or bought any company stock.Percentage Held by Insiders17.25% of the stock of Greenlane is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions44.46% of the stock of Greenlane is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Greenlane are expected to grow in the coming year, from ($1.46) to ($0.55) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Greenlane is -0.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Greenlane is -0.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGreenlane has a P/B Ratio of 0.05. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Greenlane (NASDAQ:GNLN) StockGreenlane Holdings, Inc. distributes and supplies vaporization products and accessories for vape shops and dispensaries. The firm offers packaging, rolling papers, grinders, glass products, and smoking accessories. The company was founded by Aaron LoCascio in 2005 and is headquartered in Boca Raton, FL.Read More Receive GNLN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Greenlane and its competitors with MarketBeat's FREE daily newsletter. Email Address GNLN Stock News HeadlinesMay 18, 2023 | finance.yahoo.comGreenlane Holdings, Inc. (NASDAQ:GNLN) Q1 2023 Earnings Call TranscriptMay 17, 2023 | fool.comGreenlane (NASDAQ: GNLN)May 30, 2023 | Edge On The Street (Ad)The Largest Ever Technology Wave Is Coming!This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.May 17, 2023 | finance.yahoo.comGreenlane Holdings Inc. Announces Postponement of Annual Meeting of StockholdersMay 17, 2023 | finanznachrichten.deGreenlane Holdings, Inc.: Greenlane Reports Q1 2023 Revenue Increase of 9% and a 32% Decrease in Operating Expenses Over Q4 2022May 15, 2023 | finance.yahoo.comGreenlane Reports Q1 2023 Revenue Increase of 9% and a 32% Decrease in Operating Expenses Over Q4 2022May 8, 2023 | finance.yahoo.comGreenlane to Host First Quarter 2023 Conference Call on May 15, 2023 at 4:30 p.m. Eastern TimeApril 9, 2023 | finance.yahoo.comGreenlane Holdings, Inc. (NASDAQ:GNLN) Q4 2022 Earnings Call TranscriptMay 30, 2023 | Edge On The Street (Ad)How to Invest in AI's Fast-Growing MarketThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.April 8, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for Greenlane Holdings, Inc. Lifted by Analyst (NASDAQ:GNLN)April 6, 2023 | finance.yahoo.comGreenlane Announces Strategic Packaging Partnership with Marijuana PackagingApril 3, 2023 | finance.yahoo.comGreenlane Reports Q4 2022 Revenue of $22.0 Million and FY 2022 Revenue of $137.1 MillionApril 2, 2023 | americanbankingnews.comGreenlane (GNLN) Scheduled to Post Quarterly Earnings on MondayMarch 31, 2023 | msn.comEarnings Preview For Greenlane HoldingsMarch 27, 2023 | finance.yahoo.comGreenlane to Host Fourth Quarter 2022 Conference Call on April 3, 2023 at 4:30 p.m. Eastern TimeFebruary 21, 2023 | finance.yahoo.comGreenlane to Receive More Than $4.8M in Employee Retention Credit And Jointly Reduces More Than $6.4M of Existing DebtFebruary 7, 2023 | finance.yahoo.comGreenlane Strengthens Focus on Innovation, Family of Brands and Partnerships for Continued GrowthJanuary 31, 2023 | finance.yahoo.comGreenlane Enters Into Agreement To Distribute Greenlane Brands in MexicoDecember 6, 2022 | finance.yahoo.comGreenlane Announces Leadership Changes to Support Path to ProfitabilityNovember 29, 2022 | finance.yahoo.comGreenlane Announces Strategic Partnership With Wild Green Canada to Increase B2B AccessibilityNovember 19, 2022 | finance.yahoo.comGreenlane Holdings Third Quarter 2022 Earnings: Misses ExpectationsNovember 15, 2022 | finance.yahoo.comGreenlane Reports Q3 2022 EarningsNovember 8, 2022 | finance.yahoo.comGreenlane to Host Third Quarter 2022 Conference Call on November 15, 2022 at 4:30 p.m. Eastern TimeNovember 4, 2022 | benzinga.comGreenlane Announces Closing Of $7.5M Public OfferingNovember 1, 2022 | finance.yahoo.comGreenlane Holdings, Inc. Announces Closing of $7.5 Million Public OfferingNovember 1, 2022 | finance.yahoo.comGreenlane Announces Strategic Agreement With Leaf Trade to Increase B2B VisibilityOctober 28, 2022 | finance.yahoo.comGreenlane Holdings, Inc. Announces $7.5 Million Public OfferingSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GNLN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Greenlane and its competitors with MarketBeat's FREE daily newsletter. Email Address GNLN Company Calendar Last Earnings4/03/2023Today5/30/2023Next Earnings (Estimated)8/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Durable goods, not elsewhere classified Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:GNLN CUSIPN/A CIK1743745 Webwww.gnln.com Phone(877) 292-7660FaxN/AEmployees264Year Founded2005Price Target and Rating Average Stock Price Forecast$3.50 High Stock Price Forecast$5.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+1,008.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($15.36) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-115,760,000.00 Net Margins-96.63% Pretax Margin-102.54% Return on Equity-95.25% Return on Assets-62.72% Debt Debt-to-Equity Ratio0.07 Current Ratio1.69 Quick Ratio0.69 Sales & Book Value Annual Sales$137.09 million Price / Sales0.04 Cash FlowN/A Price / Cash FlowN/A Book Value$5.97 per share Price / Book0.05Miscellaneous Outstanding Shares15,880,000Free Float13,139,000Market Cap$5.01 million OptionableNot Optionable Beta2.14 Social Links Key ExecutivesCraig SnyderPresident, Chief Executive Officer & DirectorLana ReeveChief Financial & Legal OfficerSamuel MoralesVice President-Strategic GrowthAmir SadrSecretary & General CounselKey CompetitorsRiceBran TechnologiesNASDAQ:RIBTChina Xiangtai FoodNASDAQ:PLINEdible GardenNASDAQ:EDBLEastside DistillingNASDAQ:EASTSave FoodsNASDAQ:SVFDView All CompetitorsInstitutional OwnershipAXS Investments LLCBought 1,010,266 shares on 5/12/2023Ownership: 6.363%View All Institutional Transactions GNLN Stock - Frequently Asked Questions Should I buy or sell Greenlane stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GNLN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNLN, but not buy additional shares or sell existing shares. View GNLN analyst ratings or view top-rated stocks. What is Greenlane's stock price forecast for 2023? 1 equities research analysts have issued 12 month price objectives for Greenlane's stock. Their GNLN share price forecasts range from $2.00 to $5.00. On average, they expect the company's stock price to reach $3.50 in the next twelve months. This suggests a possible upside of 1,008.3% from the stock's current price. View analysts price targets for GNLN or view top-rated stocks among Wall Street analysts. How have GNLN shares performed in 2023? Greenlane's stock was trading at $0.2875 at the start of the year. Since then, GNLN stock has increased by 9.8% and is now trading at $0.3158. View the best growth stocks for 2023 here. Are investors shorting Greenlane? Greenlane saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 63,900 shares, an increase of 26.5% from the April 30th total of 50,500 shares. Based on an average daily volume of 179,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold. View Greenlane's Short Interest. When is Greenlane's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023. View our GNLN earnings forecast. How were Greenlane's earnings last quarter? Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings results on Monday, April, 3rd. The company reported ($1.02) EPS for the quarter. The business had revenue of $21.99 million for the quarter, compared to the consensus estimate of $26.99 million. Greenlane had a negative trailing twelve-month return on equity of 95.25% and a negative net margin of 96.63%. What ETFs hold Greenlane's stock? ETFs with the largest weight of Greenlane (NASDAQ:GNLN) stock in their portfolio include AXS Cannabis ETF (THCX) and Cambria Cannabis ETF (TOKE).Amplify Seymour Cannabis ETF (CNBS). When did Greenlane's stock split? Greenlane shares reverse split before market open on Wednesday, August 10th 2022. The 1-20 reverse split was announced on Wednesday, August 10th 2022. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, August 10th 2022. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split. What guidance has Greenlane issued on next quarter's earnings? Greenlane issued an update on its first quarter 2023 earnings guidance on Monday, April, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.00 million-$24.00 million, compared to the consensus revenue estimate of $27.54 million. What other stocks do shareholders of Greenlane own? Based on aggregate information from My MarketBeat watchlists, some companies that other Greenlane investors own include KushCo (KSHB), Organigram (OGI), Enerplus (ERF), Matinas BioPharma (MTNB), Supreme Cannabis (SPRWF), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), MariMed (MRMD) and Novan (NOVN). When did Greenlane IPO? (GNLN) raised $80 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 5,300,000 shares at $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers. What is Greenlane's stock symbol? Greenlane trades on the NASDAQ under the ticker symbol "GNLN." Who are Greenlane's major shareholders? Greenlane's stock is owned by a variety of institutional and retail investors. Top institutional investors include AXS Investments LLC (6.36%). Insiders that own company stock include Aaron Locascio, Adam Schoenfeld and William E Mote Jr. View institutional ownership trends. How do I buy shares of Greenlane? Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Greenlane's stock price today? One share of GNLN stock can currently be purchased for approximately $0.32. How much money does Greenlane make? Greenlane (NASDAQ:GNLN) has a market capitalization of $5.01 million and generates $137.09 million in revenue each year. The company earns $-115,760,000.00 in net income (profit) each year or ($15.36) on an earnings per share basis. How many employees does Greenlane have? The company employs 264 workers across the globe. Does Greenlane have any subsidiaries? The following companies are subsidiares of Greenlane: 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, GS Fulfillment LLC, Global Pacific Holdings LLC, Greenlane Holdings, HS Ponce City LLC, HS Products LLC, HSCM LLC, MSI Imports LLC, Northern Vector LLC, Pollen Gear LLC, QD Products LLC, Rocketmang LLC, South Atlantic Holdings LLC, South Reach LLC, Vape World Distribution Ltd., Vibes Holdings LLC, and Warehouse Goods LLC.Read More How can I contact Greenlane? Greenlane's mailing address is 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487. The official website for the company is www.gnln.com. The company can be reached via phone at (877) 292-7660 or via email at investor@gnln.com. This page (NASDAQ:GNLN) was last updated on 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Greenlane Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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