Should I buy or sell Greenlane stock right now?

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. View GNLN analyst ratings or view top-rated stocks .

How have GNLN shares performed in 2024?

Greenlane's stock was trading at $0.5180 at the beginning of 2024. Since then, GNLN shares have increased by 22.8% and is now trading at $0.6360. View the best growth stocks for 2024 here .

Are investors shorting Greenlane?

Greenlane saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 70,300 shares, an increase of 557.0% from the March 31st total of 10,700 shares. Based on an average daily volume of 333,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.9% of the shares of the company are short sold. View Greenlane's Short Interest .

When is Greenlane's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our GNLN earnings forecast .

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its earnings results on Monday, November, 15th. The company reported ($46.00) earnings per share for the quarter, missing analysts' consensus estimates of ($14.00) by $32.00. The company earned $41.31 million during the quarter, compared to analysts' expectations 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 in the prior year, the company posted ($92.00) earnings per share.

What ETF holds Greenlane's stock?

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

When did Greenlane's stock split?

Greenlane's stock reverse split on the morning of 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.

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?

Greenlane (GNLN) raised $80 million in an initial public offering 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 served as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Greenlane have any subsidiaries?

The following companies are subsidiares of Greenlane: 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, GS Fulfillment LLC, Global Pacific Holdings LLC, Greenlane Holdings, HS Ponce City LLC, HS Products LLC, HSCM LLC, MSI Imports LLC, Northern Vector LLC, Pollen Gear LLC, QD Products LLC, Rocketmang LLC, South Atlantic Holdings LLC, South Reach LLC, Vape World Distribution Ltd., Vibes Holdings LLC, and Warehouse Goods LLC. Read More

NASDAQ:GNLN

Greenlane (GNLN) Stock Price, News & Analysis

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Free GNLN Stock Alerts

$0.64

+0.11 (+21.49%)

(As of 05:45 PM ET)

Compare

Today's Range: $0.52
▼
$0.67
50-Day Range: $0.43
▼
$0.70
52-Week Range: $0.37
▼
$3.65

Volume: 968,853 shs
Average Volume: 291,622 shs
Market Capitalization: $2.37 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Get Greenlane alerts:

Greenlane MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.42
Upright™ Environmental Score
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.03 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Greenlane.

3.0

Short Interest

Percentage of Shares Shorted
1.90% of the float of Greenlane has been sold short.
Short Interest Ratio / Days to Cover
Greenlane has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Greenlane has recently increased by 557.01%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Greenlane does not currently pay a dividend.
Dividend Growth
Greenlane does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Greenlane has received a -424.94% net impact score from Upright. The largest negative impact of Greenlane in category "Physical diseases" seems to be driven mostly by its "Unflavoured e-cigarettes", "Flavoured e-cigarettes", and "Vaporizers" products. See details.
Environmental Sustainability
The Environmental Impact score for Greenlane is -2.42.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Greenlane this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for GNLN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
2 people have added Greenlane to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Greenlane insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Greenlane is held by insiders.
Percentage Held by Institutions
Only 13.96% of the stock of Greenlane is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Greenlane is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Greenlane is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Greenlane has a P/B Ratio of 0.01. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Greenlane Stock (NASDAQ:GNLN)

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, HigherStandards.com, EyceMolds.com, and MarleyNaturalShop.com. It serves customers through smoke shops, cannabis dispensaries, and specialty retailers. The company was founded in 2005 and is headquartered in Boca Raton, Florida.

GNLN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GNLN Stock News Headlines

April 23, 2024 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250

April 14, 2024 | investorplace.com

3 Penny Stocks to Sell in April Before They Crash & Burn

April 26, 2024 | Weiss Ratings (Ad)

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February 22, 2024 | benzinga.com

Greenlane Hldgs Stock (NASDAQ:GNLN) Dividends: History, Yield and Dates

November 27, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Receipt of Nasdaq Listing Deficiency Notice

November 27, 2023 | finance.yahoo.com

Greenlane Announces Receipt of Nasdaq Listing Deficiency Notice

November 25, 2023 | morningstar.com

Greenlane Holdings Inc Class A GNLN

October 26, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Launch of New Dry Herb Vaporizer From EYCE

April 26, 2024 | Weiss Ratings (Ad)

The Next Step of Their Control Is Here …

October 25, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Launch o f New Dry Herb Vaporizer From EYCE

October 25, 2023 | finance.yahoo.com

Greenlane Announces Launch o f New Dry Herb Vaporizer From EYCE

October 25, 2023 | finance.yahoo.com

Greenlane Announces Launch of New Dry Herb Vaporizer From EYCE

October 18, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Changes to Its Board of Directors

October 18, 2023 | finance.yahoo.com

Greenlane Announces Changes to Its Board of Directors

August 14, 2023 | finance.yahoo.com

Greenlane Reports Q2 2023 Fiscal Results

August 10, 2023 | finance.yahoo.com

Greenlane to Host Second Quarter 2023 Conference Call on August 14, 2023 at 4:30 p.m. Eastern Time

August 9, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Pay Off of $15MM Asset Based Loan, Acquires Approximately $3MM in Cash

August 9, 2023 | finance.yahoo.com

Greenlane Announces Pay Off of $15MM Asset Based Loan, Acquires Approximately $3MM in Cash

July 17, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Expansion of Groove Line with Launch of Cara+

July 17, 2023 | finance.yahoo.com

Greenlane Announces Expansion of Groove Line with Launch of Cara+

July 13, 2023 | finance.yahoo.com

Greenlane Launches Eyce Glacier, Celebrates Brand’s 10th Anniversary

July 3, 2023 | finance.yahoo.com

Greenlane Holdings, Inc. Announces Closing of $4.3 Million Public Offering

June 29, 2023 | finance.yahoo.com

Greenlane Holdings, Inc. Announces $4 Million Public Offering

June 28, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Expansion Into Disposable Nicotine Offerings

June 28, 2023 | finance.yahoo.com

Greenlane Announces Expansion Into Disposable Nicotine Offerings

June 22, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Regains Compliance with Nasdaq Listing Requirements

June 14, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Launch of DaVinci ARTIQ Cooling Vaporizer

See More Headlines

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Company Calendar

Last Earnings: 11/15/2021
Today: 4/26/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Durable goods, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:GNLN
CUSIP: N/A
CIK: 1743745
Web: www.gnln.com
Phone: (877) 292-7660
Fax: N/A
Employees: 145
Year Founded: 2005

Profitability

EPS (Most Recent Fiscal Year): ($25.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-115,760,000.00
Net Margins: -57.00%
Pretax Margin: 19.60%
Return on Equity: -80.94%
Return on Assets: -45.75%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.18
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: $137.09 million
Price / Sales: 0.02
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $59.65 per share
Price / Book: 0.01

Miscellaneous

Outstanding Shares: 3,730,000
Free Float: 3,671,000
Market Cap: $2.37 million
Optionable: Not Optionable
Beta: 1.90

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Key Executives

Mr. Craig Snyder (Age 60)
CEO & Director
Comp: $224.9k
Mr. Aaron LoCascio (Age 38)
Co-Founder & Director
Comp: $65k
Ms. Lana Reeve (Age 57)
Chief Financial & Legal Officer
Comp: $192.61k
Mr. Nicholas Kovacevich (Age 38)
Chief Corporate Development Officer
Comp: $516.45k
Ms. Barbara Sher
Chief Operating Officer
Mr. Amir Sadr
General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GNLN Stock Analysis - Frequently Asked Questions

Should I buy or sell Greenlane stock right now?: 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.
View GNLN analyst ratings or view top-rated stocks.
How have GNLN shares performed in 2024?: Greenlane's stock was trading at $0.5180 at the beginning of 2024. Since then, GNLN shares have increased by 22.8% and is now trading at $0.6360.
View the best growth stocks for 2024 here.
Are investors shorting Greenlane?: Greenlane saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 70,300 shares, an increase of 557.0% from the March 31st total of 10,700 shares. Based on an average daily volume of 333,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.9% of the shares of the company are short sold.
View Greenlane's Short Interest.
When is Greenlane's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our GNLN earnings forecast.
How were Greenlane's earnings last quarter?: Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its earnings results on Monday, November, 15th. The company reported ($46.00) earnings per share for the quarter, missing analysts' consensus estimates of ($14.00) by $32.00. The company earned $41.31 million during the quarter, compared to analysts' expectations 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 in the prior year, the company posted ($92.00) earnings per share.
What ETF holds Greenlane's stock?: AXS Cannabis ETF holds 63,837 shares of GNLN stock, representing 0.42% of its portfolio.

When did Greenlane's stock split?: Greenlane's stock reverse split on the morning of 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.
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?: Greenlane (GNLN) raised $80 million in an initial public offering 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 served as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Greenlane have any subsidiaries?: The following companies are subsidiares of Greenlane: 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, GS Fulfillment LLC, Global Pacific Holdings LLC, Greenlane Holdings, HS Ponce City LLC, HS Products LLC, HSCM LLC, MSI Imports LLC, Northern Vector LLC, Pollen Gear LLC, QD Products LLC, Rocketmang LLC, South Atlantic Holdings LLC, South Reach LLC, Vape World Distribution Ltd., Vibes Holdings LLC, and Warehouse Goods LLC.
Read More

This page (NASDAQ:GNLN) was last updated on 4/26/2024 by MarketBeat.com Staff

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