Greenlane Renewables Stock Buy Hold or Sell Recommendation
| GRN Stock | CAD 0.1 0.01 13.64% |
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Greenlane Renewables is 'Strong Hold'. The recommendation algorithm takes into account all of Greenlane Renewables' available fundamental, technical, and predictive indicators you will find on this site.
Check out Greenlane Renewables Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Greenlane and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Greenlane Renewables. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Greenlane |
Execute Greenlane Renewables Buy or Sell Advice
The Greenlane recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Greenlane Renewables. Macroaxis does not own or have any residual interests in Greenlane Renewables or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Greenlane Renewables' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | OK | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Greenlane Renewables Trading Alerts and Improvement Suggestions
| 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 to Launch New RNG Technology - TipRanks |
Greenlane Renewables Returns Distribution Density
The distribution of Greenlane Renewables' historical returns is an attempt to chart the uncertainty of Greenlane Renewables' future price movements. The chart of the probability distribution of Greenlane Renewables daily returns describes the distribution of returns around its average expected value. We use Greenlane Renewables price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Greenlane Renewables returns is essential to provide solid investment advice for Greenlane Renewables.
| Mean Return | 0.82 | Value At Risk | -9.09 | Potential Upside | 13.33 | Standard Deviation | 8.77 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Greenlane Renewables historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Greenlane Renewables Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Investments | (2.3M) | (53K) | (217K) | (9.9M) | 319K | 335.0K | |
| Change In Cash | 1.7M | 14.2M | 15.0M | (10.1M) | (9.7M) | (9.2M) | |
| Free Cash Flow | (2.9M) | (2.1M) | (10.7M) | (475K) | (9.3M) | (8.8M) | |
| Other Non Cash Items | 1.8M | (1.1M) | 16K | (2.3M) | 21.7M | 22.7M | |
| Net Income | (5.1M) | (2.5M) | (2.5M) | (5.5M) | (29.6M) | (28.1M) | |
| End Period Cash Flow | 2.3M | 16.4M | 31.5M | 21.4M | 13.4M | 15.7M | |
| Change To Netincome | 2.1M | (809K) | 1.0M | (1.0M) | (909K) | (863.6K) |
Greenlane Renewables Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Greenlane Renewables or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Greenlane Renewables' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Greenlane stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.69 | |
β | Beta against Dow Jones | 1.59 | |
σ | Overall volatility | 8.90 | |
Ir | Information ratio | 0.08 |
Greenlane Renewables Volatility Alert
Greenlane Renewables is showing large volatility of returns over the selected time horizon. Greenlane Renewables is a penny stock. Although Greenlane Renewables may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Greenlane Renewables. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Greenlane instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Greenlane Renewables Fundamentals Vs Peers
Comparing Greenlane Renewables' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Greenlane Renewables' direct or indirect competition across all of the common fundamentals between Greenlane Renewables and the related equities. This way, we can detect undervalued stocks with similar characteristics as Greenlane Renewables or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Greenlane Renewables' fundamental indicators could also be used in its relative valuation, which is a method of valuing Greenlane Renewables by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Greenlane Renewables to competition |
| Fundamentals | Greenlane Renewables | Peer Average |
| Return On Equity | -0.66 | -0.31 |
| Return On Asset | -0.063 | -0.14 |
| Profit Margin | (0.35) % | (1.27) % |
| Operating Margin | (0.05) % | (5.51) % |
| Current Valuation | 3.76 M | 16.62 B |
| Shares Outstanding | 154.25 M | 571.82 M |
| Shares Owned By Insiders | 8.80 % | 10.09 % |
| Shares Owned By Institutions | 2.91 % | 39.21 % |
| Number Of Shares Shorted | 19.68 K | 4.71 M |
| Price To Book | 0.77 X | 9.51 X |
| Price To Sales | 0.27 X | 11.42 X |
| Revenue | 57.82 M | 9.43 B |
| Gross Profit | 16.81 M | 27.38 B |
| EBITDA | (10.81 M) | 3.9 B |
| Net Income | (29.58 M) | 570.98 M |
| Cash And Equivalents | 21.38 M | 2.7 B |
| Cash Per Share | 0.15 X | 5.01 X |
| Total Debt | 1.95 M | 5.32 B |
| Debt To Equity | 0.02 % | 48.70 % |
| Current Ratio | 2.20 X | 2.16 X |
| Book Value Per Share | 0.14 X | 1.93 K |
| Cash Flow From Operations | (9.09 M) | 971.22 M |
| Short Ratio | 0.07 X | 4.00 X |
| Earnings Per Share | (0.13) X | 3.12 X |
| Price To Earnings To Growth | (441.67) X | 4.89 X |
| Target Price | 0.2 | |
| Number Of Employees | 141 | 18.84 K |
| Beta | 2.5 | -0.15 |
| Market Capitalization | 16.97 M | 19.03 B |
| Total Asset | 54.35 M | 29.47 B |
| Retained Earnings | (45.25 M) | 9.33 B |
| Working Capital | 27.24 M | 1.48 B |
| Net Asset | 54.35 M |
Greenlane Renewables Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Greenlane . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 110627.0 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.86 | |||
| Day Median Price | 0.1 | |||
| Day Typical Price | 0.0983 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
About Greenlane Renewables Buy or Sell Advice
When is the right time to buy or sell Greenlane Renewables? Buying financial instruments such as Greenlane Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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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.