Greenlane Holdings Inc (NASDAQ:GNLN) price on Thursday, June 12, rose 100.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.02.
A look at the stock’s price movement, the close in the last trading session was $0.01. Overall, GNLN moved 190.57% over the past month.
Greenlane Holdings Inc’s market cap currently stands at around $15.72 million, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GNLN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GNLN’s current price about 122.70% and -81.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.14, while 7-day volatility ratio is 32.43% and 17.35% in the 30-day chart. Further, Greenlane Holdings Inc (GNLN) has a beta value of 1.54, and an average true range (ATR) of 0.01.
If we refocus on Greenlane Holdings Inc (NASDAQ:GNLN), historical trading data shows that trading volumes averaged 168.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.02 billion shares.
The 0.00% of Greenlane Holdings Inc’s shares are in the hands of company insiders while institutional holders own 0.23% of the company’s shares. Current price change has pushed the stock -99.07% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GNLN stock continues to rise going into the next quarter.
