NASDAQ:GNLN Greenlane - GNLN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $0.52 +0.04 (+8.33%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$0.49▼$0.5450-Day Range$0.28▼$0.5252-Week Range$0.27▼$16.40Volume1.12 million shsAverage Volume314,701 shsMarket Capitalization$3.97 millionP/E RatioN/ADividend YieldN/APrice Target$21.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Greenlane MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside4,082.7% Upside$21.75 Price TargetShort InterestHealthy4.35% of Float Sold ShortDividend StrengthN/ASustainability-2.42Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($8.52) to ($2.46) 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.2.14 out of 5 stars 3.3 Analyst's Opinion Consensus RatingGreenlane has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.75, Greenlane has a forecasted upside of 4,082.7% from its current price of $0.52.Amount of Analyst CoverageGreenlane has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.35% of the float of Greenlane has been sold short.Short Interest Ratio / Days to CoverGreenlane has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Greenlane has recently increased by 4.67%, indicating that investor sentiment is decreasing. 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 4.3 News and Social Media Coverage News SentimentGreenlane has a news sentiment score of 1.70. 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 higher news sentiment than the 0.58 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 1 news article for Greenlane this week, compared to 0 articles on an average week.Search Interest13 people have searched for GNLN on MarketBeat in the last 30 days. This is an increase of 160% compared to the previous 30 days.MarketBeat Follows9 people have added Greenlane to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 ($8.52) to ($2.46) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Greenlane is -0.03, 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 -0.03, 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 0.01. 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 and Adam Schoenfeld 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 HeadlinesJanuary 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 ProfitabilityFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.November 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 OfferingFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.November 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 OfferingOctober 25, 2022 | finance.yahoo.comGreenlane Enters into Agreement to Distribute Greenlane Brands in Puerto RicoOctober 10, 2022 | benzinga.com9 Consumer Discretionary Stocks Moving In Monday's Intraday Session - Greenlane Hldgs (NASDAQ:GNLN), Digi - BenzingaOctober 7, 2022 | finance.yahoo.comGreenlane Announces Management Changes In Connection With Transition to Consumer Brands Business ModelSeptember 29, 2022 | finance.yahoo.comGreenlane Announces Sale of Headquarters Building For $9.95 MillionSeptember 21, 2022 | benzinga.com12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session - Greenlane Hldgs (NASDAQ:GNLN) - BenzingaSeptember 20, 2022 | finance.yahoo.comGreenlane Launches New Enhanced Wholesale Shopping ExperienceSeptember 14, 2022 | benzinga.comFirst Watch Restaurant Gr (NASDAQ:FWRG), Greenlane Hldgs (NASDAQ:GNLN) – 11 Consumer Discretionary Stocks - BenzingaSeptember 13, 2022 | benzinga.comGreenlane Hldgs (NASDAQ:GNLN) – Greenlane Holdings Earnings Perspective: Return On Capital Employed - BenzingaAugust 30, 2022 | seekingalpha.comGreenlane regains Nasdaq compliance (NASDAQ:GNLN) - Seeking AlphaAugust 30, 2022 | finance.yahoo.comGreenlane Regains Compliance with Nasdaq Listing RequirementsAugust 18, 2022 | seekingalpha.comGreenlane Holdings GAAP EPS of -$2.27, revenue of $39.9M (NASDAQ:GNLN) - Seeking AlphaAugust 16, 2022 | finance.yahoo.comGreenlane Secures $15 Million Asset-Based LoanAugust 9, 2022 | finance.yahoo.comGreenlane to Host Second Quarter 2022 Conference Call on August 16, 2022 at 8:30 a.m. Eastern Time - Yahoo FinanceAugust 9, 2022 | finance.yahoo.comGreenlane to Host Second Quarter 2022 Conference Call on August 16, 2022 at 8:30 a.m. Eastern TimeAugust 4, 2022 | finance.yahoo.comGreenlane Announces Board's Approval of Reverse Stock Split Ratio and Effectiveness DateSee 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 Earnings11/15/2022Today2/02/2023Next Earnings (Estimated)3/29/2023Fiscal 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 FoundedN/APrice Target and Rating Average Stock Price Forecast$21.75 High Stock Price Forecast$40.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+4,082.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($18.90) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-30,580,000.00 Net Margins-64.02% Pretax Margin-72.17% Return on Equity-65.46% Return on Assets-43.97% Debt Debt-to-Equity Ratio0.13 Current Ratio1.84 Quick Ratio0.82 Sales & Book Value Annual Sales$166.06 million Price / Sales0.02 Cash FlowN/A Price / Cash FlowN/A Book Value$36.72 per share Price / Book0.01Miscellaneous Outstanding Shares7,630,000Free Float6,316,000Market Cap$3.97 million OptionableNot Optionable Beta1.88 Key ExecutivesCraig SnyderPresident, Chief Executive Officer & DirectorRodrigo de OliveiraChief Operating OfficerLana ReeveChief Financial & Legal OfficerSamuel MoralesVice President-Strategic GrowthRichard FinlowManaging Director-EuropeKey CompetitorsEdible GardenNASDAQ:EDBLEastside DistillingNASDAQ:EASTSave FoodsNASDAQ:SVFDKalera PublicNASDAQ:KALRiceBran TechnologiesNASDAQ:RIBTView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Sold 2,036,056 shares on 11/15/2022Ownership: 1.978%Penserra Capital Management LLCSold 882,686 shares on 11/14/2022Ownership: 0.609%HBK Sorce Advisory LLCBought 30,000 shares on 11/14/2022Ownership: 0.393%Group One Trading L.P.Sold 1,600 shares on 11/9/2022Ownership: 0.000%Cambria Investment Management L.P.Sold 625,220 shares on 11/8/2022Ownership: 0.409%View All Insider TransactionsView All Institutional Transactions GNLN Stock - Frequently Asked Questions Should I buy or sell Greenlane stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GNLN shares. View GNLN analyst ratings or view top-rated stocks. What is Greenlane's stock price forecast for 2023? 3 Wall Street research analysts have issued 1 year price targets for Greenlane's stock. Their GNLN share price forecasts range from $2.00 to $40.00. On average, they anticipate the company's share price to reach $21.75 in the next year. This suggests a possible upside of 4,082.7% 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 beginning of the year. Since then, GNLN shares have increased by 80.9% and is now trading at $0.52. View the best growth stocks for 2023 here. When is Greenlane's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023. View our GNLN earnings forecast. How were Greenlane's earnings last quarter? Greenlane Holdings, Inc. (NASDAQ:GNLN) released its earnings results on Tuesday, November, 15th. The company reported ($11.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.20) by $10.23. The business had revenue of $28.68 million for the quarter, compared to analyst estimates of $36.56 million. Greenlane had a negative net margin of 64.02% and a negative trailing twelve-month return on equity of 65.46%. During the same quarter in the previous year, the firm earned ($6.60) earnings per share. When did Greenlane's stock split? Greenlane shares reverse split on the morning of 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 closing bell 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 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 number of retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%). 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 $0.52. How much money does Greenlane make? Greenlane (NASDAQ:GNLN) has a market capitalization of $3.97 million and generates $166.06 million in revenue each year. The company earns $-30,580,000.00 in net income (profit) each year or ($18.90) on an earnings per share basis. How many employees does Greenlane have? The company employs 264 workers across the globe. 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 2/2/2023 by MarketBeat.com Staff 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. 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