Greenidge Generation Holdings Inc.’s recently made public that its Director Atlas Capital Resources GP LLC acquired Company’s shares for reported $1.0 million on Jan 31. In the deal valued at $0.84 per share,1,190,476 shares were bought. As a result of this transaction, Atlas Capital Resources GP LLC now holds 1,190,476 shares worth roughly $ 0.6 million.
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Stifel initiated its Greenidge Generation Holdings Inc. [GREE] rating to a Hold in a research note published on Friday, March 25, 2022; the price target was $10. PT values the company’s stock at a premium of 95.0 to its Friday closing price. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating.
Price Performance Review of GREE
On Friday, Greenidge Generation Holdings Inc. [NASDAQ:GREE] saw its stock jump 1.98% to $0.50. On the same session, the stock had its day’s lowest price of $0.48, but rose to a high of $0.512. Over the last five days, the stock has lost -3.44%. Greenidge Generation Holdings Inc. shares have risen nearly 74.68% since the year began. Nevertheless, the stocks have fallen -94.76% over the past one year. While a 52-week high of $12.68 was reached on 01/13/23, a 52-week low of $0.22 was recorded on 01/03/23. SMA at 50 days reached $0.6228, while 200 days put it at $1.8874. A total of 0.6 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For GREE Stock
The 24-hour chart illustrates a support level at 0.4860, which if violated will result in even more drops to 0.4670. On the upside, there is a resistance level at 0.5180. A further resistance level may holdings at 0.5310. The Relative Strength Index (RSI) on the 14-day chart is 37.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0531, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 7.25% indicates the stock is a buying.
How much short interest is there in Greenidge Generation Holdings Inc.?
A steep rise in short interest was recorded in Greenidge Generation Holdings Inc. stocks on Jan 30, 2023, dropping by 50000.0 shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.08 million shares. There was a decline of -2.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.73.
Greenidge Generation Holdings Inc. [GREE] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 563,948 shares, or roughly 2.61% of the outstanding GREE shares. In other words, the investor’s shares have risen by 2,547 from its previous 13-F filing of 561401.0. Additionally, The Vanguard Group, Inc. decreased -2.21% of its stake after which the total value it holdings stand at $380,144, while Renaissance Technologies LLC added 15.43% of its stake to hold $0.3 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 129 shares of Greenidge Generation Holdings Inc., while SSgA Funds Management, Inc. bought -40,535 shares. At present, Simplex Trading LLC is holding 169,606 shares valued at $0.14 million. Vident Investment Advisory LLC owned 156,318 shares of the company at the time of its most recent 13F filing, worth $0.13 million.
According to FactSet, Greenidge Generation Holdings Inc.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 700.0 percent from its previous closing price of $0.50. Analysts expect Greenidge Generation Holdings Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 1 analyst have rated GREE stock as a Buy in their predictions for 2023.