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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 $0.52, down 0.38% from the previous day, and has decreased 84.48% in one year. It has underperformed other stocks in the Tobacco industry by 0.74 percentage points. Greenlane Holdings stock is currently +40.16% from its 52-week low of $0.37, and -86.49% from its 52-week high of $3.85.

There are currently 3.73M GNLN shares outstanding. The market capitalization of GNLN is $1.94M. In the past 24 hours, 157,171 GNLN shares were traded.

How to Buy Greenlane Holdings Stock

Wondering how to invest in Greenlane Holdings stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your application by clicking the "Create Account" button.
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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.

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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

GNLN Price
$0.52
1w %
-6.47%
1y %
-84.48%
5y %
N/A
P/E
-0.01x
P/B
0.13x
P/S
0.04x
PEG
N/A
Revenue
$77.34M
Earnings
-$94.79M
Fore. Rev. Growth
347.38%
Fore. Earn. Growth
N/A
Market Cap
$1.94M
Next Earnings
May 13, 2024
Next Dividend
N/A

Greenlane Holdings Zen 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 0.13x, relative to Tobacco industry P/B ratio of 5.71x

You can access more valuation analysis on GNLN's stock here.

GNLN Financial Health Summary

Pros:

  • GNLN has $2.44M in cash and short term investments. This is enough to cover its annual cash burn of $4.50M.
  • 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:

  • GNLN has a relatively high debt to equity ratio of 2.14.
  • GNLN profit margin has gone down from -96.4% to -122.6% in the past year.
  • GNLN has cash burn of 4503000. It does not have enough cash and short-term investments to cover this.

You can dig deeper into what analysts are forecasting on the Greenlane Holdings stock forecast page.

Metrics for Advanced GNLN Traders

SMA10
0.53
SMA20
0.5
SMA50
0.47
SMA100
0.5
SMA200
0.71
MACD
0.02
MACD Signal
0.02
MACD Histogram
0
RSI
53.13
Stochastic %K
32.01
Stochastic %D
36.01
StochRSI %K
45.32
StochRSI %D
50.38

GNLN Growth Numbers

Last year, GNLN revenue was $77.34M. Over the past 4 year, GNLN's revenue has increased by -21.08% per year. This was slower than the Tobacco industry average of 2.67%.

You can analyze GNLN's earnings and revenue performance here.

Are GNLN insiders buying or selling the stock?

In the past year, executives and large shareholders at GNLN have bought more shares than they have sold.

Craig A. Snyder, Chief Executive Officer of GNLN, was the latest GNLN insider to buy. They bought $384.00 worth of GNLN shares on May 22, 2023.

Research more about who owns GNLN shares here.

Does GNLN provide a stable income stream?

No, Greenlane Holdings doesn't provide an income stream by paying out dividends.

Get analysis from other investors

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

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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 available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.

Click the Open button and eToro will execute the order.

If you need more help investing in stocks on eToro, watch the helpful video below:

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Step 6: Get the latest news on your GNLN position

Now that you own some shares in GNLN, you'll want to stay up-to-date on your shares.

Add GNLN to a watchlist to get the latest updates about your GNLN stock.

GNLN Feed

How to Buy Stock in Greenlane Holdings

To reiterate, here are the 6 steps to buy Greenlane Holdings stock:

  1. Figure out where to buy Greenlane Holdings stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Evaluate Greenlane Holdings stock
  5. Place your GNLN purchase
  6. Get the latest news on your GNLN position

If you are looking for a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your new investment in Greenlane Holdings, create your watchlist below.

NASDAQ: GNLN
$0.52-0.00 (-0.38%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: GNLN
$0.52-0.00 (-0.38%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Greenlane Holdings share?

As of Mar 28, 2024, it costs $0.52 to buy one share of Greenlane Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.26, you can buy 0.5 shares of GNLN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Greenlane Holdings stock?

One way to place an order for Greenlane Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.