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T   15.83 (+0.64%)
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AMC   7.67 (+2.95%)
PYPL   91.12 (+6.26%)
PFE   44.43 (+0.77%)
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NASDAQ:GNLN

Greenlane - GNLN Stock Forecast, Price & News

$1.84
+0.10 (+5.75%)
(As of 09/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.70
$1.89
50-Day Range
$1.71
$3.92
52-Week Range
$1.70
$50.60
Volume
107,298 shs
Average Volume
156,827 shs
Market Capitalization
$11.78 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
2,258.7% Upside
$43.40 Price Target
Short Interest
Healthy
8.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.42
Upright™ Environmental Score
News Sentiment
1.40mentions of Greenlane in the last 14 days
Based on 7 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.

2.08 out of 5 stars

Consumer Staples Sector

87th out of 145 stocks

Durable Goods, Not Elsewhere Classified Industry

2nd out of 2 stocks

GNLN stock logo

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

Greenlane Secures $15 Million Asset-Based Loan
Greenlane Completes Sale of Interest in VIBES
See More Headlines
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GNLN Company Calendar

Last Earnings
8/16/2022
Today
9/28/2022
Next Earnings (Estimated)
11/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:GNLN
Fax
N/A
Employees
264
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$43.40
High Stock Price Forecast
$126.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+2,258.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-30,580,000.00
Pretax Margin
-39.73%

Debt

Sales & Book Value

Annual Sales
$166.06 million
Book Value
$36.72 per share

Miscellaneous

Free Float
5,298,000
Market Cap
$11.78 million
Optionable
Not Optionable
Beta
2.13

Key Executives

  • Mr. Nicholas Kovacevich (Age 36)
    CEO & Director
    Comp: $572.12k
  • Mr. Aaron  LoCascioMr. Aaron LoCascio (Age 37)
    Co-Founder & Director
    Comp: $409.39k
  • Mr. Adam  SchoenfeldMr. 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













GNLN Stock - Frequently Asked Questions

Should I buy or sell Greenlane stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

3 brokerages have issued 12 month target prices for Greenlane's stock. Their GNLN share price forecasts range from $5.00 to $126.00. On average, they predict the company's share price to reach $43.40 in the next twelve months. This suggests a possible upside of 2,352.0% 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 stock has decreased by 90.8% and is now trading at $1.77.
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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $2.20. Greenlane had a negative trailing twelve-month return on equity of 24.69% and a negative net margin of 27.61%. During the same quarter last year, the company posted ($0.10) earnings per share.

When did Greenlane's stock split?

Greenlane shares 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 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."

Who are Greenlane's major shareholders?

Greenlane's stock is owned by many different retail and institutional investors. Top institutional investors include Merlin Capital LLC (2.42%), Creative Planning (40.19%), AdvisorShares Investments LLC (0.68%), Millennium Management LLC (0.41%), AQR Capital Management LLC (0.15%) and State Street Corp (0.14%). Insiders that own company stock include Aaron Locascio, Adam Schoenfeld, Pura Vida Investments, Llc 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 $1.77.

How much money does Greenlane make?

Greenlane (NASDAQ:GNLN) has a market capitalization of $11.33 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 9/28/2022 by MarketBeat.com Staff

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