Greenlane Holdings Inc (NASDAQ:GNLN) price closed higher on Monday, June 30, and jumping 72.08% above its previous close.
A look at the daily price movement shows that the last close reads $3.08, with intraday deals fluctuated between $3.14 and $7.47. The company’s 5Y monthly beta was ticking 1.52. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16350.00 and 52-week low of $2.86. The stock added 13.98% on its value in the past month.
Greenlane Holdings Inc, which has a market valuation of $7.35 million, is expected to release its quarterly earnings report on 2024-Jan-09.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give GNLN a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that GNLN’s price is at present -14.79% off the SMA20 and -74.11% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.85, with weekly volatility standing at 52.29%. The indicator jumps to 27.70% when calculated based on the past 30 days. Greenlane Holdings Inc (NASDAQ:GNLN)’s beta value is holding at 1.46.
An analysis of the Greenlane Holdings Inc (NASDAQ:GNLN) stock in terms of its daily trading volume indicates that the 3-month average is 421.04K. However, this figure increases on the past 10-day timeline to an average of 3.59 million.
The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 0.04%. The stats also highlight that short interest as of 2025-06-13, stood at 10336.0 shares, which puts the short ratio at the time at 0.03. From this we can glean that short interest is 0.00 of company’s current outstanding shares. Notably, we see that shares short in June rose slightly given the previous month’s figure stood at 8038.0. But the -99.83% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
