Greenidge Generation Holdings Inc. to Post Q2 2022 Earnings of $0.23 Per Share, B. Riley Forecasts (NASDAQ:GREE)

Greenidge Generation Holdings Inc. (NASDAQ:GREEGet Rating) – Equities researchers at B. Riley dropped their Q2 2022 earnings per share estimates for Greenidge Generation in a research note issued on Tuesday, April 26th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.34. B. Riley currently has a “Buy” rating and a $42.00 price target on the stock.

Other analysts have also issued research reports about the company. Stifel Nicolaus started coverage on Greenidge Generation in a research note on Friday, March 25th. They issued a “hold” rating and a $10.00 price target for the company. Zacks Investment Research downgraded Greenidge Generation from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th.

NASDAQ:GREE opened at $6.40 on Wednesday. Greenidge Generation has a fifty-two week low of $2.32 and a fifty-two week high of $60.00. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $8.62.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Greenidge Generation by 10,180.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,542 shares of the company’s stock worth $25,000 after buying an additional 1,527 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Greenidge Generation in the third quarter worth about $56,000. UBS Group AG purchased a new position in Greenidge Generation in the third quarter worth about $82,000. Equitec Proprietary Markets LLC boosted its position in Greenidge Generation by 22.2% in the first quarter. Equitec Proprietary Markets LLC now owns 16,125 shares of the company’s stock worth $139,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Greenidge Generation by 3,661.4% in the fourth quarter. Citigroup Inc. now owns 11,999 shares of the company’s stock worth $193,000 after purchasing an additional 11,680 shares during the last quarter. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Greenidge Generation Company Profile (Get Rating)

Greenidge Generation Holdings Inc operates an integrated bitcoin mining and power generation facility in the Town of Torrey, New York. It owns and operates data centers for bitcoin mining and blockchain services. As of September 30, 2021, the company had approximately 15,300 miners. It also generates and distributes electricity through a natural gas power generation facility with an installed capacity of 106 megawatt located in New York.

See Also

Earnings History and Estimates for Greenidge Generation (NASDAQ:GREE)

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