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NASDAQ:GNLNGreenlane Stock Price, Forecast & News

$3.25
+0.07 (+2.20 %)
(As of 08/12/2020 04:00 PM ET)
Add
Compare
Today's Range
$3.20
Now: $3.25
$3.29
50-Day Range
$3.09
MA: $3.57
$3.98
52-Week Range
$1.02
Now: $3.25
$9.68
Volume2,999 shs
Average Volume188,532 shs
Market Capitalization$305.33 million
P/E RatioN/A
Dividend YieldN/A
Beta2.37
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.
Read More

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

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

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

Employees249
Market Cap$305.33 million
Next Earnings Date11/13/2020 (Estimated)
OptionableNot Optionable
$3.25
+0.07 (+2.20 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Greenlane (NASDAQ:GNLN) Frequently Asked Questions

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

Greenlane's stock was trading at $1.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GNLN stock has increased by 125.7% and is now trading at $3.25.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Greenlane?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Greenlane
.

When is Greenlane's next earnings date?

Greenlane is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for Greenlane
.

How were Greenlane's earnings last quarter?

Greenlane Holdings (NASDAQ:GNLN) issued its quarterly earnings results on Thursday, June, 4th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by $0.43. The firm had revenue of $33.87 million for the quarter, compared to analysts' expectations of $32.52 million. Greenlane had a negative return on equity of 15.57% and a negative net margin of 10.64%.
View Greenlane's earnings history
.

What guidance has Greenlane issued on next quarter's earnings?

Greenlane updated its second quarter 2020 IntraDay earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $32.4-32.4 million, compared to the consensus revenue estimate of $28.53 million.

What price target have analysts set for GNLN?

3 Wall Street analysts have issued 1 year target prices for Greenlane's shares. Their forecasts range from $4.00 to $5.00. On average, they anticipate Greenlane's share price to reach $4.33 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
View analysts' price targets for Greenlane
.

Has Greenlane been receiving favorable news coverage?

News stories about GNLN stock have trended negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Greenlane earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Greenlane
.

Are investors shorting Greenlane?

Greenlane saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,530,000 shares, an increase of 29.7% from the January 31st total of 1,180,000 shares. Based on an average trading volume of 220,200 shares, the days-to-cover ratio is presently 6.9 days. Approximately 16.6% of the company's stock are short sold.
View Greenlane's Short Interest
.

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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), KushCo (KSHB), OrganiGram (OGI), Enerplus (ERF), Supreme Cannabis (SPRWF), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB) and ADMA Biologics (ADMA).

Who are Greenlane's key executives?

Greenlane's management team includes the following people:
  • Mr. Aaron LoCascio, Chairman & CEO (Age 33)
  • Mr. Adam Schoenfeld, Pres, Chief Strategy Officer & Director (Age 34)
  • Mr. Ethan Rudin, Chief Financial Officer (Age 44)

When did Greenlane IPO?

(GNLN) raised $80 million in an 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 served 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 shareholders include UBS Group AG (0.49%), FNY Investment Advisers LLC (0.44%), AdvisorShares Investments LLC (0.31%) and Bank of New York Mellon Corp (0.03%). Company insiders that own Greenlane stock include Aaron Locascio, 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 UBS Group AG, and FNY Investment Advisers LLC.
View insider buying and selling activity for Greenlane
.

Which institutional investors are buying Greenlane stock?

GNLN stock was purchased by a variety of institutional investors in the last quarter, including AdvisorShares Investments LLC, and Bank of New York Mellon Corp. Company insiders that have bought Greenlane stock in the last two years include Aaron Locascio, Pura Vida Investments, Llc, and Richard Taney.
View insider buying and selling activity for Greenlane
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Greenlane's stock price today?

One share of GNLN stock can currently be purchased for approximately $3.25.

How big of a company is Greenlane?

Greenlane has a market capitalization of $305.33 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. Greenlane employs 249 workers across the globe.

What is Greenlane's official website?

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

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 8/12/2020 by MarketBeat.com Staff

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