Greenidge Generation (GREE) Stock Price, News & Analysis

Company Overview

Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers. It also owns and operates a 106 MW nameplate capacity power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.

Key Stats

• Today's Range: $1.95 to $2.23
• 50-Day Range: $1.76 to $2.73
• 52-Week Range: $1.62 to $9.26
• Volume: 1.21 million shs
• Average Volume: 491,665 shs
• Market Capitalization: $24.11 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Buy

Greenidge Generation Stock Analysis - MarketRank™

Greenidge Generation scored higher than 55% of companies evaluated by MarketBeat, and ranked 535th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Greenidge Generation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Greenidge Generation has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Greenidge Generation are expected to decrease in the coming year, from ($1.81) to ($1.83) per share.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.79% of the float of Greenidge Generation has been sold short.

Short Interest Ratio / Days to Cover

Greenidge Generation has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenidge Generation has recently decreased by 35.54%, indicating that investor sentiment is improving significantly.

Dividend

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

Dividend Yield

Greenidge Generation does not currently pay a dividend.

Dividend Growth

Greenidge Generation does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.79% of the float of Greenidge Generation has been sold short.

Short Interest Ratio / Days to Cover

Greenidge Generation has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenidge Generation has recently decreased by 35.54%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

Greenidge Generation has a news sentiment score of 0.06. 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 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Greenidge Generation this week, compared to 1 article on an average week.

Search Interest

8 people have searched for GREE on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Greenidge Generation insiders have not sold or bought any company stock.

Percentage Held by Insiders

31.30% of the stock of Greenidge Generation is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 8.50% of the stock of Greenidge Generation is held by institutions.

GREE Stock Analysis - Frequently Asked Questions

How have GREE shares performed this year?

Greenidge Generation's stock was trading at $6.71 on January 1st, 2024. Since then, GREE shares have decreased by 67.8% and is now trading at $2.16.
View the best growth stocks for 2024 here.

When did Greenidge Generation's stock split?

Greenidge Generation's stock reverse split before market open on Tuesday, May 16th 2023. The 1-10 reverse split was announced on Tuesday, May 16th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, May 16th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of Greenidge Generation?

Shares of GREE 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 Greenidge Generation own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Greenidge Generation investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NVIDIA (NVDA), NIO (NIO), Meta Platforms (META) and Advanced Micro Devices (AMD).

Company Calendar

• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/09/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:GREE
• CUSIP: N/A
• CIK: 1844971
• Web: www.greenidge.com
• Phone: (315) 536-2359
• Fax: N/A
• Employees: 680
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $4.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +85.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

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: $-29,510,000.00
• Net Margins: -20.09%
• Pretax Margin: -20.61%
• Return on Equity: N/A
• Return on Assets: -18.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.22
• Quick Ratio: 1.22

Sales & Book Value

• Annual Sales: $70.39 million
• Price / Sales: 0.34
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($5.20) per share
• Price / Book: -0.42

Miscellaneous

• Outstanding Shares: 11,160,000
• Free Float: 7,666,000
• Market Cap: $24.11 million
• Optionable: No Data
• Beta: 3.17