Greenlane (GNLN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $1.75 to $1.85
• 50-Day Range: $1.77 to $5.91
• 52-Week Range: $1.70 to $21.80
• Volume: 81,014 shs
• Average Volume: 749,747 shs
• Market Capitalization: $5.34 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Greenlane Stock Analysis - MarketRank™

Greenlane scored higher than 2% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Greenlane.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Greenlane has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.27% 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, 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 41.13%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Greenlane does not currently pay a dividend.

Dividend Growth

Greenlane does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -2.42

Percentage of Shares Shorted

10.27% 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, 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 41.13%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

Greenlane has a news sentiment score of -0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Greenlane this week, compared to 0 articles on an average week.

Search Interest

8 people have searched for GNLN on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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 0.04% 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.

GNLN Stock Analysis - Frequently Asked Questions

How have GNLN shares performed this year?

Greenlane's stock was trading at $5.6980 at the start of the year. Since then, GNLN stock has decreased by 67.5% and is now trading at $1.85.
View the best growth stocks for 2024 here.

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) issued its quarterly earnings data on Monday, November, 15th. The company reported ($506.00) earnings per share for the quarter, missing analysts' consensus estimates of ($154.00) by $352.00. The company 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 61.25% and a negative trailing twelve-month return on equity of 162.15%.

When did Greenlane's stock split?

Greenlane's stock reverse split on Monday, August 5th 2024. The 1-11 reverse split was announced on Wednesday, July 31st 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 9 shares after the split.

Does Greenlane have any subsidiaries?

The following companies are subsidiaries of Greenlane: 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, Global Pacific Holdings LLC, Greenlane Holdings, and more.

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 $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted 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.

What other stocks do shareholders of Greenlane own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Greenlane investors own include Curaleaf (CURLF), Trulieve Cannabis (TCNNF), Clean Energy Fuels (CLNE), Walt Disney (DIS), Taiwan Semiconductor Manufacturing (TSM), Vale (VALE) and Marathon Oil (MRO).

Company Calendar

• Last Earnings: 11/15/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/14/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Durable goods, not elsewhere classified
• Sub-Industry: Wholesale
• Current Symbol: NASDAQ:GNLN
• CUSIP: N/A
• CIK: 1743745
• Web: www.gnln.com
• Phone: (877) 292-7660
• Fax: N/A
• Employees: 260
• Year Founded: 2005

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-32,170,000.00
• Net Margins: -61.25%
• Pretax Margin: -61.70%
• Return on Equity: -162.15%
• Return on Assets: -38.08%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.10
• Quick Ratio: 0.44

Sales & Book Value

• Annual Sales: $65.37 million
• Price / Sales: 0.08
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.20 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 2,910,000
• Free Float: 2,910,000
• Market Cap: $5.32 million
• Optionable: Not Optionable
• Beta: 1.85