Shares of Greenlane Holdings was reinstated outperform rating by analysts at Cowen.
Cowen analysts now have a price target of $5 a share. The analysts are bullish after Greenlane closed its merger with KushCo. on Sept. 1. "Combined, the company will be a clear leader in the ancillary cannabis space where distinct customer bases should provide a platform for cross-selling opportunities and scale in addition to cost efficiencies," Cowen analysts mentioned in a note.
However, Cowen analysts also mentioned that Greenlane could experience some challenges from port disruptions and shipping delays – factors that were largely responsible for the company’s withdrawal of its 2021 guidance for between $310 million and $330 million in revenue with a gross margin between 22% and 24%, the analysts said pointed out.
The 10-day RSI Oscillator for GNLN moved out of overbought territory on April 16, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 instances where the indicator moved out of the overbought zone. In of the 15 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on April 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GNLN as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GNLN turned negative on April 24, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GNLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GNLN broke above its upper Bollinger Band on April 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
GNLN moved above its 50-day moving average on April 03, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where GNLN advanced for three days, in of 213 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 59 cases where GNLN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.127) is normal, around the industry mean (3.328). GNLN has a moderately low P/E Ratio (0.005) as compared to the industry average of (12.468). GNLN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (16.126). GNLN's Dividend Yield (0.000) is considerably lower than the industry average of (0.064). P/S Ratio (0.017) is also within normal values, averaging (29.280).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GNLN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GNLN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages indistribution and online retails of vaporization products & consumption accessories
Industry Tobacco