Greenlane Holdings Stock Probability of Future Stock Price Finishing Under 30.14
| GNLN Stock | USD 1.63 0.02 1.21% |
Greenlane |
Greenlane Holdings Target Price Odds to finish below 30.14
The tendency of Greenlane Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 30.14 after 90 days |
| 1.63 | 90 days | 30.14 | close to 99 |
Based on a normal probability distribution, the odds of Greenlane Holdings to stay under $ 30.14 after 90 days from now is close to 99 (This Greenlane Holdings probability density function shows the probability of Greenlane Stock to fall within a particular range of prices over 90 days) . Probability of Greenlane Holdings price to stay between its current price of $ 1.63 and $ 30.14 at the end of the 90-day period is about 90.25 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.04 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Greenlane Holdings will likely underperform. Additionally Greenlane Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Greenlane Holdings Price Density |
| Price |
Predictive Modules for Greenlane Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenlane Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Greenlane Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenlane Holdings is not an exception. The market had few large corrections towards the Greenlane Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Greenlane Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenlane Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.32 | |
β | Beta against Dow Jones | 3.04 | |
σ | Overall volatility | 1.42 | |
Ir | Information ratio | -0.08 |
Greenlane Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Greenlane Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenlane Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greenlane Holdings generated a negative expected return over the last 90 days | |
| Greenlane Holdings has high historical volatility and very poor performance | |
| Greenlane Holdings may become a speculative penny stock | |
| The company reported the previous year's revenue of 137.09 M. Net Loss for the year was (125.86 M) with profit before overhead, payroll, taxes, and interest of 27.68 M. | |
| Greenlane Holdings currently holds about 9.13 M in cash with (26.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.24. | |
| Greenlane Holdings has a strong financial position based on the latest SEC filings | |
| Latest headline from finance.yahoo.com: Safe Supply Streaming Co. Ltd. Portfolio Company Safety Strips Tech Corp. Advances Strategy with Greenlane Holdings Inc. Distribution Agreement |
Greenlane Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Greenlane Stock often depends not only on the future outlook of the current and potential Greenlane Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Greenlane Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 68.5 K | |
| Cash And Short Term Investments | 6.5 M |
Greenlane Holdings Technical Analysis
Greenlane Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Greenlane Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenlane Holdings. In general, you should focus on analyzing Greenlane Stock price patterns and their correlations with different microeconomic environments and drivers.
Greenlane Holdings Predictive Forecast Models
Greenlane Holdings' time-series forecasting models is one of many Greenlane Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Greenlane Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Greenlane Holdings
Checking the ongoing alerts about Greenlane Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenlane Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenlane Holdings generated a negative expected return over the last 90 days | |
| Greenlane Holdings has high historical volatility and very poor performance | |
| Greenlane Holdings may become a speculative penny stock | |
| The company reported the previous year's revenue of 137.09 M. Net Loss for the year was (125.86 M) with profit before overhead, payroll, taxes, and interest of 27.68 M. | |
| Greenlane Holdings currently holds about 9.13 M in cash with (26.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.24. | |
| Greenlane Holdings has a strong financial position based on the latest SEC filings | |
| Latest headline from finance.yahoo.com: Safe Supply Streaming Co. Ltd. Portfolio Company Safety Strips Tech Corp. Advances Strategy with Greenlane Holdings Inc. Distribution Agreement |
Check out Greenlane Holdings Backtesting, Greenlane Holdings Valuation, Greenlane Holdings Correlation, Greenlane Holdings Hype Analysis, Greenlane Holdings Volatility, Greenlane Holdings History as well as Greenlane Holdings Performance. To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlane Holdings. If investors know Greenlane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlane Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (117.59) | Revenue Per Share 61.566 | Quarterly Revenue Growth (0.86) | Return On Assets (0.23) | Return On Equity (1.42) |
The market value of Greenlane Holdings is measured differently than its book value, which is the value of Greenlane that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlane Holdings' value that differs from its market value or its book value, called intrinsic value, which is Greenlane Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlane Holdings' market value can be influenced by many factors that don't directly affect Greenlane Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlane Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlane Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlane Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.