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NASDAQ:GNLN

Greenlane (GNLN) Stock Price, News & Analysis

Greenlane logo
$1.72 -0.03 (-1.71%)
(As of 06:15 PM ET)

About Greenlane Stock (NASDAQ:GNLN)

Key Stats

Today's Range
$1.67
$1.79
50-Day Range
$1.72
$5.17
52-Week Range
$1.66
$21.80
Volume
96,231 shs
Average Volume
729,989 shs
Market Capitalization
$2.30 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, HigherStandards.com, EyceMolds.com, and MarleyNaturalShop.com. It serves customers through smoke shops, cannabis dispensaries, and specialty retailers. The company was founded in 2005 and is headquartered in Boca Raton, Florida.

Greenlane Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
14th Percentile Overall Score

GNLN MarketRank™: 

Greenlane scored higher than 14% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Greenlane.

  • Price to Book Value per Share Ratio

    Greenlane 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.

  • Percentage of Shares Shorted

    2.59% of the float of Greenlane has been sold short.
  • Short Interest Ratio / Days to Cover

    Greenlane has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Greenlane has recently decreased by 48.96%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Greenlane does not currently pay a dividend.

  • Dividend Growth

    Greenlane does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.59% of the float of Greenlane has been sold short.
  • Short Interest Ratio / Days to Cover

    Greenlane has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Greenlane has recently decreased by 48.96%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Greenlane has a news sentiment score of 0.86. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Greenlane this week, compared to 0 articles on an average week.
  • Search Interest

    Only 3 people have searched for GNLN on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Greenlane insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.04% of the stock of Greenlane is held by insiders.

  • Percentage Held by Institutions

    Only 13.96% of the stock of Greenlane is held by institutions.

  • Read more about Greenlane's insider trading history.
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GNLN Stock News Headlines

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GNLN Stock Analysis - Frequently Asked Questions

Greenlane's stock was trading at $5.6980 at the beginning of the year. Since then, GNLN shares have decreased by 69.8% and is now trading at $1.72.
View the best growth stocks for 2024 here
.

Greenlane Holdings, Inc. (NASDAQ:GNLN) issued its quarterly earnings data on Monday, November, 15th. The company reported ($506.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($154.00) by $352.00. The business had revenue of $41.31 million for the quarter, compared to analyst estimates of $40.31 million. Greenlane had a negative net margin of 61.25% and a negative trailing twelve-month return on equity of 162.15%.

Shares of Greenlane reverse split on the morning of Monday, August 5th 2024. The 1-11 reverse split was announced on Wednesday, July 31st 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 9 shares after the split.

Greenlane subsidiaries include 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, Global Pacific Holdings LLC, Greenlane Holdings, and others.

Greenlane (GNLN) raised $80 million in an 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 served as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Greenlane investors own include Curaleaf (CURLF), Trulieve Cannabis (TCNNF), Clean Energy Fuels (CLNE), Walt Disney (DIS), Taiwan Semiconductor Manufacturing (TSM), Vale (VALE) and Marathon Oil (MRO).

Company Calendar

Last Earnings
11/15/2021
Today
12/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
Wholesale
Current Symbol
NASDAQ:GNLN
Fax
N/A
Employees
260
Year Founded
2005

Profitability

Net Income
$-32,170,000.00
Pretax Margin
-61.70%

Debt

Sales & Book Value

Annual Sales
$65.37 million
Book Value
$32.38 per share

Miscellaneous

Free Float
1,336,000
Market Cap
$2.30 million
Optionable
Not Optionable
Beta
1.78

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This page (NASDAQ:GNLN) was last updated on 12/5/2024 by MarketBeat.com Staff
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