Greenlane Renewables Stock Performance
| GRN Stock | CAD 0.10 0.01 5.26% |
On a scale of 0 to 100, Greenlane Renewables holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.99, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Greenlane Renewables will likely underperform. Please check Greenlane Renewables' information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Greenlane Renewables' current trending patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Greenlane Renewables are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Greenlane Renewables displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 5:1 | Last Split Date 2021-06-04 |
1 | Greenlane Renewables Reports Strong Q3 with Revenue Growth - TipRanks | 11/07/2024 |
2 | Greenlane Renewables Inc. Soars 71 percent But Its A Story Of Risk Vs Reward - Simply Wall St | 11/13/2024 |
| Begin Period Cash Flow | 23.1 M |
Greenlane |
Greenlane Renewables Relative Risk vs. Return Landscape
If you would invest 7.50 in Greenlane Renewables on August 31, 2024 and sell it today you would earn a total of 2.50 from holding Greenlane Renewables or generate 33.33% return on investment over 90 days. Greenlane Renewables is generating 0.8027% of daily returns assuming 8.581% volatility of returns over the 90 days investment horizon. Simply put, 76% of all stocks have less volatile historical return distribution than Greenlane Renewables, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Greenlane Renewables Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenlane Renewables' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Greenlane Renewables, and traders can use it to determine the average amount a Greenlane Renewables' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0935
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Estimated Market Risk
| 8.58 actual daily | 76 76% of assets are less volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Greenlane Renewables is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Greenlane Renewables by adding it to a well-diversified portfolio.
Greenlane Renewables Fundamentals Growth
Greenlane Stock prices reflect investors' perceptions of the future prospects and financial health of Greenlane Renewables, and Greenlane Renewables fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Greenlane Stock performance.
| Return On Equity | -0.66 | |||
| Return On Asset | -0.063 | |||
| Profit Margin | (0.35) % | |||
| Operating Margin | (0.05) % | |||
| Current Valuation | 2.22 M | |||
| Shares Outstanding | 154.25 M | |||
| Price To Book | 0.70 X | |||
| Price To Sales | 0.25 X | |||
| Revenue | 57.82 M | |||
| Gross Profit | 16.81 M | |||
| EBITDA | (10.81 M) | |||
| Net Income | (29.58 M) | |||
| Cash And Equivalents | 21.38 M | |||
| Cash Per Share | 0.15 X | |||
| Total Debt | 1.95 M | |||
| Debt To Equity | 0.02 % | |||
| Current Ratio | 2.20 X | |||
| Book Value Per Share | 0.14 X | |||
| Cash Flow From Operations | (9.09 M) | |||
| Earnings Per Share | (0.13) X | |||
| Market Capitalization | 15.42 M | |||
| Total Asset | 54.35 M | |||
| Retained Earnings | (45.25 M) | |||
| Working Capital | 27.24 M | |||
About Greenlane Renewables Performance
By examining Greenlane Renewables' fundamental ratios, stakeholders can obtain critical insights into Greenlane Renewables' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Greenlane Renewables is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 17.34 | 18.08 | |
| Return On Tangible Assets | (0.68) | (0.64) | |
| Return On Capital Employed | (0.44) | (0.42) | |
| Return On Assets | (0.54) | (0.52) | |
| Return On Equity | (1.17) | (1.11) |
Things to note about Greenlane Renewables performance evaluation
Checking the ongoing alerts about Greenlane Renewables for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Greenlane Renewables help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Greenlane Renewables is way too risky over 90 days horizon | |
| Greenlane Renewables has some characteristics of a very speculative penny stock | |
| Greenlane Renewables appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 57.82 M. Net Loss for the year was (29.58 M) with profit before overhead, payroll, taxes, and interest of 16.81 M. | |
| Greenlane Renewables has accumulated about 21.38 M in cash with (9.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Greenlane Renewables Inc. Soars 71 percent But Its A Story Of Risk Vs Reward - Simply Wall St |
- Analyzing Greenlane Renewables' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Greenlane Renewables' stock is overvalued or undervalued compared to its peers.
- Examining Greenlane Renewables' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Greenlane Renewables' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Greenlane Renewables' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Greenlane Renewables' stock. These opinions can provide insight into Greenlane Renewables' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Greenlane Stock
Greenlane Renewables financial ratios help investors to determine whether Greenlane Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Greenlane with respect to the benefits of owning Greenlane Renewables security.