Greenidge Generation (NASDAQ:GREE – Get Rating) had its target price decreased by research analysts at B. Riley from $4.00 to $2.00 in a research report issued to clients and investors on Tuesday, The Fly reports. B. Riley’s price objective indicates a potential upside of 344.44% from the company’s current price.
Separately, Stifel Nicolaus lowered shares of Greenidge Generation from a “hold” rating to a “sell” rating in a report on Tuesday, November 15th.
Greenidge Generation Stock Performance
NASDAQ:GREE opened at $0.45 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $19.33 million, a price-to-earnings ratio of -0.11 and a beta of 3.41. The firm’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.99. Greenidge Generation has a twelve month low of $0.22 and a twelve month high of $12.68.
Insider Buying and Selling
Institutional Investors Weigh In On Greenidge Generation
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Investment Advisory LLC increased its position in shares of Greenidge Generation by 494.1% in the 4th quarter. Vident Investment Advisory LLC now owns 156,318 shares of the company’s stock worth $45,000 after purchasing an additional 130,005 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Greenidge Generation by 15.4% in the 4th quarter. Renaissance Technologies LLC now owns 356,450 shares of the company’s stock worth $103,000 after purchasing an additional 47,650 shares during the last quarter. State Street Corp grew its position in shares of Greenidge Generation by 18.5% during the 3rd quarter. State Street Corp now owns 222,743 shares of the company’s stock valued at $445,000 after buying an additional 34,844 shares during the last quarter. Annandale Capital LLC bought a new stake in shares of Greenidge Generation during the 3rd quarter valued at about $70,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Greenidge Generation during the 3rd quarter valued at about $183,000. Institutional investors own 7.91% of the company’s stock.
Greenidge Generation Company Profile
Greenidge Generation Holdings, Inc owns and operates a vertically integrated Bitcoin mining and power generation facility. It engages in the mining of Bitcoin and contributes to the security and transactability of the Bitcoin ecosystem while concurrently meeting the power needs of homes and businesses.
- Get a free copy of the StockNews.com research report on Greenidge Generation (GREE)
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