Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Greenlane Holdings Inc’s current trading price is -84.08% away from its 52-week high, while its distance from the 52-week low is 69.27%. The stock’s price range over this period has fluctuated between $2.05 and $21.80. The company, operating within the financial sector, had a trading volume of approximately 0.59 million for the day, which was noticeably lower than the average daily share volume of 1.5 million over the last 3 months.
Greenlane Holdings Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $21.80 on 08/14/24, while the lowest price for the same period was registered at $2.05 on 08/05/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Greenlane Holdings Inc (GNLN) has experienced a quarterly rise of 15.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.29M and boasts a workforce of 66 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.90, with a change in price of -2.25. Similarly, Greenlane Holdings Inc recorded 992,766 in trading volume during the last 100 days, posting a change of -39.34%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for GNLN stands at 1.04. Similarly, the long-term debt-to-equity ratio is also 0.09.
GNLN Stock Stochastic Average
Today’s raw stochastic average for Greenlane Holdings Inc over the last 50 days is 1.98%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 15.61%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 38.53% and 38.85%, respectively.
GNLN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -39.10%.However, over the last six months, we can see a stronger performance of -42.82%. Over the last 30 days, the price of GNLN has leaped by -33.78%. And in the last five days, it has fallen by -19.68%.
