NASDAQ:GNLN

Greenlane - GNLN Stock Forecast, Price & News

$1.63

-0.09 (-5.23%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $1.63
▼
$1.76
50-Day Range: $1.63
▼
$3.69
52-Week Range: $1.63
▼
$50.60

Volume: 130,384 shs
Average Volume: 136,748 shs
Market Capitalization: $10.43 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $43.40

Greenlane MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1,295.7% Upside
$22.75 Price Target
Short Interest: Healthy
8.22% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.42
Upright™ Environmental Score
News Sentiment: 1.20
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($8.08) to ($2.05) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Consumer Staples Sector

89th out of 146 stocks

Durable Goods, Not Elsewhere Classified Industry

2nd out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
Greenlane has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.75, Greenlane has a forecasted upside of 1,295.7% from its current price of $1.63.
Amount of Analyst Coverage
Greenlane has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
8.22% 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 1.9, 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 13.76%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Greenlane does not currently pay a dividend.
Dividend Growth
Greenlane does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Greenlane 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 Sustainability
The Environmental Impact score for Greenlane is -2.42.

2.9

News and Social Media Coverage

News Sentiment
Greenlane has a news sentiment score of 1.20. 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 0.54 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Greenlane this week, compared to 0 articles on an average week.
Search Interest
Only 10 people have searched for GNLN on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Greenlane to their MarketBeat watchlist in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Greenlane insiders have not sold or bought any company stock.
Percentage Held by Insiders
17.25% of the stock of Greenlane is held by insiders. A high percentage of insider ownership can be a sign of company health.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Greenlane are expected to grow in the coming year, from ($8.08) to ($2.05) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Greenlane is -0.10, 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. Sector
The P/E ratio of Greenlane is -0.10, 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 Ratio
Greenlane has a P/B Ratio of 0.04. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Greenlane (NASDAQ:GNLN) Stock

Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise. It offers its products under the VIBES rolling papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, Marley Natural, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers brands. The company also operates e-commerce websites, such as Vapor.com, Higherstandards.com, Aerospaced.com, DaVincivaporizer.com, Harringglass.com, Eycemolds.com, Vapor.ca, Vaposhop.com, and Puffitup.com. It serves customers through a network of 8,500 smoke shops, cannabis dispensaries, and specialty retailers. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida.

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GNLN Stock News Headlines

September 29, 2022 | finance.yahoo.com

Greenlane Announces Sale of Headquarters Building For $9.95 Million

September 21, 2022 | benzinga.com

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session - Greenlane Hldgs (NASDAQ:GNLN) - Benzinga

September 20, 2022 | finance.yahoo.com

Greenlane Launches New Enhanced Wholesale Shopping Experience

September 14, 2022 | benzinga.com

First Watch Restaurant Gr (NASDAQ:FWRG), Greenlane Hldgs (NASDAQ:GNLN) – 11 Consumer Discretionary Stocks - Benzinga

September 13, 2022 | benzinga.com

Greenlane Hldgs (NASDAQ:GNLN) – Greenlane Holdings Earnings Perspective: Return On Capital Employed - Benzinga

August 30, 2022 | seekingalpha.com

Greenlane regains Nasdaq compliance (NASDAQ:GNLN) - Seeking Alpha

August 30, 2022 | finance.yahoo.com

Greenlane Regains Compliance with Nasdaq Listing Requirements

August 18, 2022 | seekingalpha.com

Greenlane Holdings GAAP EPS of -$2.27, revenue of $39.9M (NASDAQ:GNLN) - Seeking Alpha

August 16, 2022 | finance.yahoo.com

Greenlane Secures $15 Million Asset-Based Loan

August 9, 2022 | finance.yahoo.com

Greenlane to Host Second Quarter 2022 Conference Call on August 16, 2022 at 8:30 a.m. Eastern Time - Yahoo Finance

August 9, 2022 | finance.yahoo.com

Greenlane to Host Second Quarter 2022 Conference Call on August 16, 2022 at 8:30 a.m. Eastern Time

August 4, 2022 | finance.yahoo.com

Greenlane Announces Board's Approval of Reverse Stock Split Ratio and Effectiveness Date

July 27, 2022 | finance.yahoo.com

Greenlane Completes Sale of Interest in VIBES

July 20, 2022 | nasdaq.com

Consumer Sector Update for 07/20/2022: GNLN,NFLX,ASPU - Nasdaq

July 20, 2022 | marketwatch.com

Greenlane stock up as it discloses sale of unit - MarketWatch

July 20, 2022 | benzinga.com

Greenlane Completes Sale of Interest in VIBES - Benzinga - Benzinga

July 5, 2022 | finance.yahoo.com

Seize Business Opportunities & Confront Challenges: Meet Greenlane's Nick Kovacevich At Benzinga's Cannabis Capital Conference In September

June 24, 2022 | finance.yahoo.com

Greenlane Begins Shipping Electronic Nicotine Delivery Systems (ENDS) Products to B2B Clients Via USPS Exemption

June 22, 2022 | finance.yahoo.com

Greenlane Announces Update on Plan to Generate $30 Million in Non-Dilutive Liquidity

May 17, 2022 | finance.yahoo.com

Greenlane Reports Q1 2022 Revenue of $46.5 Million, Up 37% Year-over-Year

May 13, 2022 | finance.yahoo.com

Greenlane Enters Agreement with Universal Distribution to Distribute Greenlane Brands in Latin America

May 13, 2022 | finance.yahoo.com

Greenlane Inks Distribution Deal To Expand In Latin America Market

May 10, 2022 | finance.yahoo.com

Greenlane to Host First Quarter 2022 Conference Call on May 17, 2022 at 8:30 a.m. Eastern Time

April 11, 2022 | finance.yahoo.com

Greenlane Holdings' CEO Nick Kovacevich To Speak At Leading Cannabis Event In Miami: Benzinga Cannabis Capital Conference, April 20-21, Fontainebleau Hotel

March 30, 2022 | finance.yahoo.com

Greenlane Reports Record Q4 2021 Revenue of $56.0 Million, Up 54% Year-over-Year

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30 days | 90 days | 365 days | Advanced Chart

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GNLN Company Calendar

Last Earnings: 8/16/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Durable goods, not elsewhere classified
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:GNLN
CUSIP: N/A
CIK: 1743745
Web: www.gnln.com
Phone: (877) 292-7660
Fax: N/A
Employees: 264
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.75
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +2,562.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($15.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-30,580,000.00
Net Margins: -27.61%
Pretax Margin: -39.73%
Return on Equity: -24.69%
Return on Assets: -17.27%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 1.65
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $166.06 million
Price / Sales: 0.06
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $36.72 per share
Price / Book: 0.04

Miscellaneous

Outstanding Shares: 6,400,000
Free Float: 5,298,000
Market Cap: $10.43 million
Optionable: Not Optionable
Beta: 2.13

Key Executives

Mr. Nicholas Kovacevich (Age 36)
CEO & Director
Comp: $572.12k

Mr. Aaron LoCascio (Age 37)
Co-Founder & Director
Comp: $409.39k

Mr. Adam Schoenfeld (Age 38)
Co-Founder & Director
Comp: $467.7k

Mr. Craig Snyder (Age 58)
Pres

Mr. Rodrigo de Oliveira (Age 40)
Chief Operating Officer

Mr. Darshan Dahya (Age 39)
Chief Accounting Officer

Najim Mostamand C.F.A.
Director of Investor Relations

Mr. Amir Sadr
Gen. Counsel

Andrew Goodman
Sr. VP of Sales

Mr. Richard Finlow
Managing Director-Europe

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GNLN Stock - Frequently Asked Questions

Should I buy or sell Greenlane stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 2022?: 2 Wall Street research analysts have issued 12-month price targets for Greenlane's stock. Their GNLN share price forecasts range from $5.00 to $40.00. On average, they predict the company's share price to reach $22.75 in the next year. This suggests a possible upside of 1,295.7% 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 2022?: Greenlane's stock was trading at $19.2820 at the beginning of the year. Since then, GNLN shares have decreased by 91.5% and is now trading at $1.63.
View the best growth stocks for 2022 here.
When is Greenlane's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
View our GNLN earnings forecast.
How were Greenlane's earnings last quarter?: Greenlane Holdings, Inc. (NASDAQ:GNLN) issued its earnings results on Tuesday, August, 16th. The company reported ($2.27) EPS for the quarter, missing the consensus estimate of ($0.07) by $2.20. Greenlane had a negative net margin of 27.61% and a negative trailing twelve-month return on equity of 24.69%. During the same period last year, the business earned ($0.10) earnings per share.
When did Greenlane's stock split?: Greenlane's stock 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 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 a price of $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."
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 $1.63.
How much money does Greenlane make?: Greenlane (NASDAQ:GNLN) has a market capitalization of $10.43 million and generates $166.06 million in revenue each year. The company earns $-30,580,000.00 in net income (profit) each year or ($15.67) 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 10/1/2022 by MarketBeat.com Staff

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Greenlane - GNLN Stock Forecast, Price & News

Greenlane MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows