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Sep 11, 2021

Greenlane (GNLN, $3.02) shares rating reinstated outperform at Cowen

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.

Related Ticker: GNLN

GNLN sees MACD Histogram just turned negative

GNLN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 01, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

GNLN moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.

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 March 18, 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.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on March 18, 2024. You may want to consider a long position or call options on GNLN as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for GNLN crossed bullishly above the 50-day moving average on March 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GNLN advanced for three days, in of 210 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 .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 (0.111) is normal, around the industry mean (60.448). P/E Ratio (0.004) is within average values for comparable stocks, (22.959). GNLN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (5.268). GNLN's Dividend Yield (0.000) is considerably lower than the industry average of (0.061). P/S Ratio (0.015) is also within normal values, averaging (40.936).

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 84, placing this stock worse than average.

Notable companies

The most notable companies in this group are Philip Morris International (NYSE:PM), Altria Group (NYSE:MO).

Industry description

The industry is engaged in the growth, preparation for sale, advertisement, and distribution of tobacco and tobacco-related products like cigarettes. In 2017, tobacco companies spent an estimated $9.36 billion marketing cigarettes and smokeless tobacco in the U.S. – an amount that translates to more than $25 million each day (according to a CDC report). Philip Morris International Inc., Altria Group Inc., and British American Tobacco plc are some major cigar makers. In recent times, vaping or the use of e-cigarette (does not burn tobacco) is gaining momentum – several established cigarette makers are trying to expand their footprint in this new market.

Market Cap

The average market capitalization across the Tobacco Industry is 18.34B. The market cap for tickers in the group ranges from 160.39K to 142.24B. PM holds the highest valuation in this group at 142.24B. The lowest valued company is VHUB at 160.39K.

High and low price notable news

The average weekly price growth across all stocks in the Tobacco Industry was 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 6%. PYYX experienced the highest price growth at 45%, while CBDW experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Tobacco Industry was -28%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was 30%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 70
Price Growth Rating: 55
SMR Rating: 61
Profit Risk Rating: 83
Seasonality Score: 2 (-100 ... +100)
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A.I.Advisor
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General Information

a company which engages indistribution and online retails of vaporization products & consumption accessories

Industry Tobacco

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
1095 Broken Sound Parkway
Phone
+1 877 292-7660
Employees
145
Web
https://www.gnln.com
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