NASDAQ:GNLN

Greenlane Stock Forecast, Price & News

$5.19
-0.48 (-8.47 %)
(As of 04/14/2021 03:32 PM ET)
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Today's Range
$5.18
Now: $5.19
$5.73
50-Day Range
$4.09
MA: $5.51
$6.23
52-Week Range
$1.67
Now: $5.19
$8.73
Volume11,354 shs
Average Volume959,013 shs
Market Capitalization$483.46 million
P/E RatioN/A
Dividend YieldN/A
Beta2.74
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging. It also operates e-commerce Websites, such as VaporNation.com and VapeWorld.com. The company was founded in 2005 and is headquartered in Boca Raton, Florida.
Greenlane logo

Industry, Sector and Symbol

Industry Durable goods, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:GNLN
CUSIPN/A
CIKN/A
Phone877-292-7660
Employees350
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.01 million
Book Value$1.22 per share

Profitability

Net Income$-28,820,000.00

Miscellaneous

Market Cap$483.46 million
Next Earnings Date6/3/2021 (Estimated)
OptionableNot Optionable

Headlines

Greenlane (NASDAQ:GNLN) Shares Down 4.6%
April 14, 2021 |  americanbankingnews.com
Greenlane (NASDAQ:GNLN) Trading Up 2.9%
April 9, 2021 |  americanbankingnews.com
Greenlane (NASDAQ:GNLN) PT Raised to $8.00
April 1, 2021 |  americanbankingnews.com
Greenlane (NASDAQ:GNLN) Issues Quarterly Earnings Results
April 1, 2021 |  americanbankingnews.com
Greenlane (GNLN) Set to Announce Quarterly Earnings on Wednesday
March 24, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.44 out of 5 stars

Consumer Staples Sector

90th out of 301 stocks

Durable Goods, Not Elsewhere Classified Industry

1st out of 1 stocks

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$5.19
-0.48 (-8.47 %)
(As of 04/14/2021 03:32 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Greenlane (NASDAQ:GNLN) Frequently Asked Questions

Is Greenlane a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Greenlane stock.
View analyst ratings for Greenlane
or view top-rated stocks.

What stocks does MarketBeat like better than Greenlane?

Wall Street analysts have given Greenlane a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Greenlane wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Greenlane?

Greenlane saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 853,900 shares, a drop of 25.7% from the February 28th total of 1,150,000 shares. Based on an average daily volume of 670,900 shares, the days-to-cover ratio is currently 1.3 days.
View Greenlane's Short Interest
.

When is Greenlane's next earnings date?

Greenlane is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for Greenlane
.

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings data on Tuesday, March, 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.12. The business earned $36.27 million during the quarter, compared to analysts' expectations of $36.63 million. Greenlane had a negative net margin of 9.97% and a negative trailing twelve-month return on equity of 17.49%.
View Greenlane's earnings history
.

How has Greenlane's stock been impacted by Coronavirus (COVID-19)?

Greenlane's stock was trading at $1.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GNLN shares have increased by 272.9% and is now trading at $5.37.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for GNLN?

3 brokerages have issued twelve-month price targets for Greenlane's stock. Their forecasts range from $5.00 to $8.00. On average, they expect Greenlane's share price to reach $6.33 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
View analysts' price targets for Greenlane
or view top-rated stocks among Wall Street analysts.

Who are Greenlane's key executives?

Greenlane's management team includes the following people:
  • Mr. Aaron LoCascio, Founder, Chairman & CEO (Age 35, Pay $379.82k)
  • Mr. Adam Schoenfeld, Pres, Chief Strategy Officer & Director (Age 36, Pay $402k)
  • Mr. William E. Mote Jr., Chief Financial Officer (Age 51)
  • Mr. William J. Bine, Chief Operating Officer
  • Mr. Douglas H. Fischer, Gen. Counsel (Age 38)
  • Ms. Regina Speciale, VP of Sales
  • Mr. Richard Finlow, Managing Director-Europe
  • Mr. Michael Cellucci, Pres of Sales & Marketing of North America

What is 's approval rating as Greenlane's CEO?

2 employees have rated Greenlane CEO on Glassdoor.com. has an approval rating of 100% among Greenlane's employees. This puts in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Greenlane's key competitors?

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), The 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 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 institutional and retail investors. Top institutional investors include FNY Investment Advisers LLC (0.01%). Company insiders that own Greenlane stock include Aaron Locascio, Adam Schoenfeld, Jacoby & Co Inc, Jay M Scheiner, Pura Vida Investments, Llc, Richard Taney and Sasha Kadey.
View institutional ownership trends for Greenlane
.

Which institutional investors are selling Greenlane stock?

GNLN stock was sold by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC. Company insiders that have sold Greenlane company stock in the last year include Aaron Locascio, and Adam Schoenfeld.
View insider buying and selling activity for Greenlane
or view top insider-selling stocks.

How do I buy shares of Greenlane?

Shares of GNLN 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 $5.37.

How much money does Greenlane make?

Greenlane has a market capitalization of $500.23 million and generates $185.01 million in revenue each year. The company earns $-28,820,000.00 in net income (profit) each year or $0.36 on an earnings per share basis.

How many employees does Greenlane have?

Greenlane employs 350 workers across the globe.

What is Greenlane's official website?

The official website for Greenlane is www.gnln.com.

Where are Greenlane's headquarters?

Greenlane is headquartered at 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487.

How can I contact Greenlane?

Greenlane's mailing address is 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487. The company can be reached via phone at 877-292-7660 or via email at [email protected]


This page was last updated on 4/14/2021 by MarketBeat.com Staff
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