A new trading day began on Monday, with Greenidge Generation Holdings Inc (NASDAQ: GREE) stock price up 4.44% from the previous day of trading, before settling in for the closing price of $2.25. GREE’s price has ranged from $1.62 to $9.26 over the past 52 weeks.
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Annual sales at Financial sector company grew by 55.47% over the past five years. Meanwhile, its annual earnings per share averaged 46.76%. With a float of $7.63 million, this company’s outstanding shares have now reached $10.67 million.
Let’s look at the performance matrix of the company that is accounted for 40 employees. In terms of profitability, gross margin is 14.52%, operating margin of -23.2%, and the pretax margin is -27.41%.
Greenidge Generation Holdings Inc (GREE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Greenidge Generation Holdings Inc is 28.49%, while institutional ownership is 5.17%. The most recent insider transaction that took place on Sep 06 ’24, was worth 8,598. In this transaction Chief Executive Officer of this company bought 5,000 shares at a rate of $1.72, taking the stock ownership to the 68,282 shares. Before that another transaction happened on May 28 ’24, when Company’s President sold 8,777 for $2.81, making the entire transaction worth $24,639. This insider now owns 70,962 shares in total.
Greenidge Generation Holdings Inc (GREE) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -1.57 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 46.76% per share during the next fiscal year.
Greenidge Generation Holdings Inc (NASDAQ: GREE) Trading Performance Indicators
Here are Greenidge Generation Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.03, a number that is poised to hit -0.53 in the next quarter and is forecasted to reach -1.83 in one year’s time.
Technical Analysis of Greenidge Generation Holdings Inc (GREE)
Greenidge Generation Holdings Inc (NASDAQ: GREE) saw its 5-day average volume 0.29 million, a positive change from its year-to-date volume of 0.25 million. As of the previous 9 days, the stock’s Stochastic %D was 34.70%. Additionally, its Average True Range was 0.20.
During the past 100 days, Greenidge Generation Holdings Inc’s (GREE) raw stochastic average was set at 36.14%, which indicates a significant decrease from 68.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.14% in the past 14 days, which was higher than the 99.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.99, while its 200-day Moving Average is $2.83. Nevertheless, the first resistance level for the watch stands at $2.42 in the near term. At $2.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.57. If the price goes on to break the first support level at $2.27, it is likely to go to the next support level at $2.20. Assuming the price breaks the second support level, the third support level stands at $2.12.
Greenidge Generation Holdings Inc (NASDAQ: GREE) Key Stats
With a market capitalization of 25.07 million, the company has a total of 9,809K Shares Outstanding. Currently, annual sales are 70,390 K while annual income is -29,510 K. The company’s previous quarter sales were 13,060 K while its latest quarter income was -5,570 K.
