Greenlane Holdings Inc’s stock has seen a rocky market performance.
52-week price history of GNLN Stock
Shares of the company, which operates in the Consumer Defensive sector, recorded a trading volume of around 145.39 million for the day, which was evidently higher than the average daily volume of 49.47 million over the last three months.
Financial Performance and Market Capitalization
Greenlane Holdings Inc (GNLN) has experienced a quarterly decline of -99.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 0.08M and boasts a workforce of 49 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8838, with a change in price of -1.6409. Similarly, Greenlane Holdings Inc recorded 31,859,068 in trading volume during the last 100 days, posting a change of -99.45%.
GNLN Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GNLN stands at 1.35. Similarly, the long-term debt-to-equity ratio is also 0.01.
GNLN Stock Stochastic Average
The raw stochastic average for Greenlane Holdings Inc over the last 50 days is presently at 0.03%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 0.07%. Further, the company’s Stochastic %K and %D values for the last 20 days were 0.21% and 0.21%, respectively.
GNLN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -99.45%.However, over the last six months, we can see a stronger performance of -99.66%. Over the last 30 days, the price of GNLN has leaped by -96.24%. And in the last five days, it has fallen by -28.35%.
