Greenlane Renewables Stock Price on December 13, 2024

GRN Stock  CAD 0.09  0.01  5.26%   
Below is the normalized historical share price chart for Greenlane Renewables extending back to November 13, 2018. 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 Renewables stands at 0.09, as last reported on the 22nd of December, with the highest price reaching 0.10 and the lowest price hitting 0.09 during the day.
200 Day MA
0.0905
50 Day MA
0.0871
Beta
2.503
 
Covid
If you're considering investing in Greenlane Stock, it is important to understand the factors that can impact its price. Greenlane Renewables appears to be out of control, given 3 months investment horizon. Greenlane Renewables holds Efficiency (Sharpe) Ratio of 0.0978, which attests that the entity had a 0.0978% return per unit of risk over the last 3 months. By evaluating Greenlane Renewables' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please utilize Greenlane Renewables' Risk Adjusted Performance of 0.0757, downside deviation of 10.2, and Market Risk Adjusted Performance of 0.6948 to validate if our risk estimates are consistent with your expectations.
  
At this time, Greenlane Renewables' Total Stockholder Equity is very stable compared to the past year. As of the 22nd of December 2024, Stock Based Compensation is likely to grow to about 883.5 K, while Common Stock Shares Outstanding is likely to drop about 105.9 M. . As of the 22nd of December 2024, Price To Sales Ratio is likely to drop to 0.33. In addition to that, Price Earnings Ratio is likely to drop to -0.71. Greenlane Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0978

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Estimated Market Risk

 8.78
  actual daily
78
78% of assets are less volatile

Expected Return

 0.86
  actual daily
17
83% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
7
93% of assets perform better
Based on monthly moving average Greenlane Renewables is performing at about 7% of its full potential. 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 Renewables by adding it to a well-diversified portfolio.
Price Book
0.6264
Enterprise Value Ebitda
(0.27)
Price Sales
0.2222
Shares Float
140.4 M
Wall Street Target Price
0.2

Greenlane Renewables Valuation on December 13, 2024

It is possible to determine the worth of Greenlane Renewables on a given historical date. On December 13, 2024 Greenlane was worth 0.11 at the beginning of the trading date compared to the closed value of 0.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Greenlane Renewables stock. Still, in general, we apply an absolute valuation method to find Greenlane Renewables' 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 Renewables where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Greenlane Renewables' related companies.
 Open High Low Close Volume
  0.11    0.12    0.11    0.11    496,139  
12/13/2024
  0.11    0.12    0.11    0.11    130,212  
  0.11    0.11    0.09    0.1    608,449  
Backtest Greenlane Renewables  |  Greenlane Renewables History  |  Greenlane Renewables Valuation   PreviousNext  
Open Value
0.11
0.11
Closing Value
26.45
Upside

Greenlane Renewables Trading Date Momentum on December 13, 2024

On December 16 2024 Greenlane Renewables was traded for  0.1  at the closing time. The maximum traded price for the trading interval was 0.11  and the lowest daily price was  0.09 . The daily volume was recorded at 608.4 K. The volume of trading on 16th of December 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 13.64% . The overall trading delta to the closing price today is 9.09% .

Greenlane Renewables Fundamentals Correlations and Trends

By evaluating Greenlane Renewables' 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 Renewables' 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 Renewables Stock history

Greenlane Renewables 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 Renewables 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 Renewables stock prices may prove useful in developing a viable investing in Greenlane Renewables
Last ReportedProjected for Next Year
Common Stock Shares Outstanding153.1 M105.9 M
Net Loss-5 M-5.2 M

Greenlane Renewables Stock Technical Analysis

Greenlane Renewables 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 Renewables technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Greenlane Renewables 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 Renewables Period Price Range

Low
December 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

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Greenlane Renewables December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Greenlane Renewables 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 Renewables shares will generate the highest return on investment. By undertsting and applying Greenlane Renewables stock market strength indicators, traders can identify Greenlane Renewables entry and exit signals to maximize returns

Greenlane Renewables Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Greenlane Renewables' 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.

Other Information on Investing in Greenlane Stock

Greenlane Renewables financial ratios help investors to determine whether Greenlane Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Greenlane with respect to the benefits of owning Greenlane Renewables security.