Greenidge Generation Holdings Inc (NASDAQ:GREE) price on Friday, November 15, rose 8.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.67.
A look at the stock’s price movement, the close in the last trading session was $2.47, moving within a range at $2.58 and $3.839. The beta value (5-Year monthly) was 3.204. Turning to its 52-week performance, $9.26 and $1.62 were the 52-week high and 52-week low respectively. Overall, GREE moved 21.92% over the past month.
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Greenidge Generation Holdings Inc’s market cap currently stands at around $29.79 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Analysts have a consensus estimate of 13.6M for the company’s revenue for the quarter, with a low and high estimate of 13.6M and 13.6M respectively. The average forecast suggests down to a -30.76% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 56.8M, representing a -9.98% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GREE is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend GREE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GREE’s current price about 9.94% and 24.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.26, while 7-day volatility ratio is 26.41% and 14.15% in the 30-day chart. Further, Greenidge Generation Holdings Inc (GREE) has a beta value of 3.04, and an average true range (ATR) of 0.37.
If we refocus on Greenidge Generation Holdings Inc (NASDAQ:GREE), historical trading data shows that trading volumes averaged 0.85 over the past 10 days and 306.41K over the past 3 months. The company’s latest data on shares outstanding shows there are 11.16 million shares.
The 27.42% of Greenidge Generation Holdings Inc’s shares are in the hands of company insiders while institutional holders own 3.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.45 million on 2024-10-15, giving us a short ratio of 2.97. The data shows that as of 2024-10-15 short interest in Greenidge Generation Holdings Inc (GREE) stood at 584.0 of shares outstanding, with shares short rising to 0.35 million registered in 2024-09-13. Current price change has pushed the stock -60.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GREE stock continues to rise going into the next quarter.
