Greenlane Holdings Stock Price on August 12, 2024

GNLN Stock  USD 1.42  0.02  1.39%   
Below is the normalized historical share price chart for Greenlane Holdings extending back to April 18, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Greenlane Holdings stands at 1.42, as last reported on the 23rd of December, with the highest price reaching 1.49 and the lowest price hitting 1.40 during the day.
IPO Date
18th of April 2019
200 Day MA
4.6783
50 Day MA
2.4582
Beta
1.851
 
Covid
If you're considering investing in Greenlane Stock, it is important to understand the factors that can impact its price. Greenlane Holdings holds Efficiency (Sharpe) Ratio of -0.0969, which attests that the entity had a -0.0969% return per unit of risk over the last 3 months. Greenlane Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlane Holdings' Standard Deviation of 13.41, market risk adjusted performance of (0.41), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide.
  
Greenlane Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0969

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Estimated Market Risk

 13.58
  actual daily
96
96% of assets are less volatile

Expected Return

 -1.32
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Greenlane Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Greenlane Holdings by adding Greenlane Holdings to a well-diversified portfolio.
Price Book
0.3208
Enterprise Value Ebitda
0.3189
Price Sales
0.1024
Shares Float
556.3 K
Wall Street Target Price
7.9

Greenlane Holdings Valuation on August 12, 2024

It is possible to determine the worth of Greenlane Holdings on a given historical date. On August 12, 2024 Greenlane was worth 9.55 at the beginning of the trading date compared to the closed value of 11.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Greenlane Holdings stock. Still, in general, we apply an absolute valuation method to find Greenlane Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Greenlane Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Greenlane Holdings' related companies.
 Open High Low Close Volume
  2.67    2.84    2.33    2.47    80,010  
08/12/2024
  9.55    21.50    6.82    11.50    47,033,369  
  9.00    11.76    8.81    10.01    6,862,126  
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Open Value
9.55
11.5
Closing Value
50.30
Upside

Greenlane Holdings Trading Date Momentum on August 12, 2024

On August 13 2024 Greenlane Holdings was traded for  10.01  at the closing time. The top price for the day was 11.76  and the lowest listed price was  8.81 . The trading volume for the day was 6.9 M. The trading history from August 13, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 12.96% . The overall trading delta against the current closing price is 37.39% .

Greenlane Holdings Fundamentals Correlations and Trends

By evaluating Greenlane Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Greenlane Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Greenlane financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Greenlane Holdings Stock history

Greenlane Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Greenlane is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Greenlane Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Greenlane Holdings stock prices may prove useful in developing a viable investing in Greenlane Holdings
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida. Greenlane Holdings operates under Tobacco classification in the United States and is traded on NASDAQ Exchange. It employs 256 people.

Greenlane Holdings Stock Technical Analysis

Greenlane Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Greenlane Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Greenlane Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Greenlane Holdings Period Price Range

Low
December 23, 2024
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High

 0.00 

     

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Greenlane Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Greenlane Holdings December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Greenlane Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Greenlane Holdings shares will generate the highest return on investment. By undertsting and applying Greenlane Holdings stock market strength indicators, traders can identify Greenlane Holdings entry and exit signals to maximize returns

Greenlane Holdings Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Greenlane Holdings' price direction in advance. Along with the technical and fundamental analysis of Greenlane Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Greenlane to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Greenlane Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Greenlane Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Greenlane Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Greenlane Holdings Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlane Holdings. If investors know Greenlane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlane Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(117.59)
Revenue Per Share
61.566
Quarterly Revenue Growth
(0.86)
Return On Assets
(0.23)
Return On Equity
(1.42)
The market value of Greenlane Holdings is measured differently than its book value, which is the value of Greenlane that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlane Holdings' value that differs from its market value or its book value, called intrinsic value, which is Greenlane Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlane Holdings' market value can be influenced by many factors that don't directly affect Greenlane Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlane Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlane Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlane Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.