How to Buy Greenlane Holdings Stock
Greenlane Holdings Inc
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe.
Greenlane Holdings stock last closed at $0.33, down 23.65% from the previous day, and has decreased 94.13% in one year. It has underperformed other stocks in the Tobacco industry by 0.62 percentage points. Greenlane Holdings stock is currently +10.51% from its 52-week low of $0.30, and -98.5% from its 52-week high of $21.80.
There are currently 8.34M GNLN shares outstanding. The market capitalization of GNLN is $2.72M. In the past 24 hours, 862,322 GNLN shares were traded.
How to Buy Greenlane Holdings Stock
Wondering how to invest in Greenlane Holdings stock? Here's how.
- Figure out where to buy Greenlane Holdings stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Greenlane Holdings stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your payment method and add your information.
- Evaluate Greenlane Holdings stock: The Greenlane Holdings ticker symbol is GNLN. Is Greenlane Holdings stock a good investment? Should you buy shares of GNLN? How do GNLN's underlying business fundamentals look? Do top analysts think Greenlane Holdings is a good buy? Why has GNLN's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if GNLN is a good stock to buy).
- Place your GNLN purchase: Decide if you will purchase GNLN shares at the current market price or use a limit order to buy GNLN stock at a particular price.
- Get the latest news on your GNLN position: Create a watchlist to monitor your investment in Greenlane Holdings shares.
Step 1: Figure out where to buy Greenlane Holdings stock
You will need an online brokerage account to access the NASDAQ market and buy GNLN stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal details so you are able to buy GNLN today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on app for stock market, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Evaluate Greenlane Holdings stock
Once you have chosen the best place to buy Greenlane Holdings stock, it's crucial to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Greenlane Holdings shares data
Greenlane Holdings Due Diligence Score
WallStreetZen was created to help part-time investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GNLN's stock page.
Is GNLN stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge GNLN's true value.
Using relative valuations metrics:
- GNLN may be undervalued based on its P/B ratio of 0.42x, relative to Tobacco industry P/B ratio of 8.59x
You can access more valuation analysis on GNLN's stock here.
GNLN Financial Health Summary
Pros:
- GNLN has $899.00k in cash and short term investments. This is enough to cover its annual cash burn of $6.99M.
- There are more short-term assets than short-term liabilities on the GNLN balance sheet.
- There are more short-term assets than long-term liabilities on the GNLN balance sheet.
Cons:
- Total GNLN debt is higher than 5 years ago, relative to shareholder equity.
- GNLN profit margin has gone down from -49.2% to -132.9% in the past year.
- GNLN has cash burn of 6994000. It does not have enough cash and short-term investments to cover this.
- GNLN has a relatively high debt to equity ratio of 3.48.
GNLN Technicals
GNLN Revenue
Last year, GNLN revenue was $13.28M. During the past 5 year, GNLN's revenue has grown by -40.96% per year. This was slower than the Tobacco industry average of 2.34%.
You can analyze GNLN's earnings and revenue performance here.
What are GNLN insiders up to?
In the past 12 months, executives and large shareholders at GNLN have bought more shares than they have sold.
Barbara Sher, Chief Executive Officer of GNLN, was the latest GNLN insider to buy. They bought $869.05 worth of GNLN shares on Aug 9, 2024.
Research more about who owns GNLN stock here.
Can I get consistent income from GNLN stock?
No, Greenlane Holdings doesn't provide an income stream by paying out dividends.
What others are saying about GNLN
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your GNLN purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your GNLN position
Now that you own some GNLN shares, you'll want to stay up-to-date on your new shares.
Put GNLN on a watchlist to get notified of the latest news about your GNLN stock.
GNLN Feed
How to Buy Stock in Greenlane Holdings
To summarize, here are the 6 steps for buying Greenlane Holdings stock:
- Figure out where to buy Greenlane Holdings stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Greenlane Holdings stock
- Place your GNLN purchase
- Get the latest news on your GNLN position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your investment in Greenlane Holdings, create your watchlist below.
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