Home Insiders Updates An Analysis of Greenlane Holdings Inc. (GNLN)’s Potential Price Growth

An Analysis of Greenlane Holdings Inc. (GNLN)’s Potential Price Growth

An Analysis of Greenlane Holdings Inc. (GNLN)’s Potential Price Growth

In a filing, Greenlane Holdings Inc. revealed its Director Schoenfeld Adam unloaded Company’s shares for reported $11009.0 on May 13. In the deal valued at $0.33 per share,33,000 shares were sold. As a result of this transaction, Schoenfeld Adam now holds 36,244 shares worth roughly $ 16309.800000000001.

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Then, Schoenfeld Adam sold 33,000 shares, generating $11,718 in total proceeds. Upon selling the shares at $0.36, the Director now owns 69,244 shares.

Before that, Schoenfeld Adam sold 33,000 shares. Greenlane Holdings Inc. shares valued at $11,540 were divested by the Director at a price of $0.35 per share. As a result of the transaction, Schoenfeld Adam now holds 102,244 shares, worth roughly $46009.8.

Jefferies initiated its Greenlane Holdings Inc. [GNLN] rating to a Buy in a research note published on Friday, October 01, 2021; the price target was $6.30. PT values the company’s stock at a premium of 92.86 to its Friday closing price. Alliance Global Partners began covering GNLN with “Buy” recommendation on September 07, 2021.

Price Performance Review of GNLN

On Friday, Greenlane Holdings Inc. [NASDAQ:GNLN] saw its stock jump 4.65% to $0.45. On the same session, the stock had its day’s lowest price of $0.421, but rose to a high of $0.4595. Over the last five days, the stock has lost -8.85%. Greenlane Holdings Inc. shares have fallen nearly -97.67% since the year began. Nevertheless, the stocks have fallen -98.74% over the past one year. While a 52-week high of $42.80 was reached on 01/04/22, a 52-week low of $0.42 was recorded on 11/03/22. SMA at 50 days reached $1.8069, while 200 days put it at $6.1440. A total of 0.59 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For GNLN Stock

The 24-hour chart illustrates a support level at 0.4275, which if violated will result in even more drops to 0.4050. On the upside, there is a resistance level at 0.4660. A further resistance level may holdings at 0.4820. The Relative Strength Index (RSI) on the 14-day chart is 20.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.6673, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.71%. Stochastics %K at 1.98% indicates the stock is a buying.

How much short interest is there in Greenlane Holdings Inc.?

A steep rise in short interest was recorded in Greenlane Holdings Inc. stocks on Jul 14, 2022, growing by 0.36 million shares to a total of 4.06 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.7 million shares. There was a rise of 8.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.86% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.21.

Greenlane Holdings Inc. [GNLN] – Who Are The Largest Shareholders?

In filings from Creative Planning LLC, it is revealed that the company now owns 2,570,735 shares, or roughly 34.87% of the outstanding GNLN shares. In other words, the investor’s shares have risen by 2,442,126 from its previous 13-F filing of 128609.0. At present, Twin Focus Capital Partners LLC is holding 59,440 shares valued at $96887.0. Penserra Capital Management LLC owned 46,457 shares of the company at the time of its most recent 13F filing, worth $75725.0.

According to FactSet, Greenlane Holdings Inc.’s share price will average $4.66 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1062.79 percent from its previous closing price of $0.43. Analysts expect Greenlane Holdings Inc. stock to reach the higher price of $7.90, while the lowest price estimate is $0.75. However, 4 analysts have rated GNLN stock as an Overweight in their predictions for 2022.


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