Greenlane (GNLN) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GNLN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNLN, but not buy additional shares or sell existing shares.
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Greenlane's stock was trading at $0.5180 on January 1st, 2024. Since then, GNLN shares have increased by 21.3% and is now trading at $0.6284.
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Greenlane saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 10,700 shares, a drop of 79.3% from the March 15th total of 51,800 shares. Based on an average daily volume of 214,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our GNLN earnings forecast.

Greenlane Holdings, Inc. (NASDAQ:GNLN) posted its quarterly earnings data on Monday, November, 15th. The company reported ($46.00) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($14.00) by $32.00. The firm had revenue of $41.31 million for the quarter, compared to the consensus estimate of $40.31 million. Greenlane had a negative net margin of 57.00% and a negative trailing twelve-month return on equity of 80.94%. During the same quarter last year, the company posted ($92.00) EPS.

AXS Cannabis ETF holds 63,837 shares of GNLN stock, representing 0.42% of its portfolio.

Greenlane shares reverse split before market open on Tuesday, June 6th 2023. The 1-10 reverse split was announced on Tuesday, June 6th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 6th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

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).

Greenlane (GNLN) raised $80 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 5,300,000 shares at $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.

Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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