Greenidge Generation Holdings Inc (NASDAQ: GREE) is -60.51% lower on its value in year-to-date trading and has touched a low of $1.62 and a high of $9.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GREE stock was last observed hovering at around $2.25 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $2.65, the stock is 10.76% and 27.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 17.78% at the moment leaves the stock -3.95% off its SMA200. GREE registered -54.62% loss for a year compared to 6-month loss of 10.88%. The firm has a 50-day simple moving average (SMA 50) of $2.0564 and a 200-day simple moving average (SMA200) of $2.7652.
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The stock witnessed a 24.41% gain in the last 1 month and extending the period to 3 months gives it a 39.47%, and is 19.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.34% over the week and 10.73% over the month.
Greenidge Generation Holdings Inc (GREE) has around 40 employees, a market worth around $26.18M and $64.38M in sales. Profit margin for the company is -20.09%. Distance from 52-week low is 63.58% and -71.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.63%).
with sales reaching $13.6M over the same period.The EPS is expected to grow by 46.76% this year.
Greenidge Generation Holdings Inc (GREE) Top Institutional Holders
31.0 institutions hold shares in Greenidge Generation Holdings Inc (GREE), with institutional investors hold 6.38% of the company’s shares. The shares outstanding are 10.67M, and float is at 7.63M with Short Float at 5.87%. Institutions hold 6.29% of the Float.
Greenidge Generation Holdings Inc (GREE) Insider Activity
The most recent transaction is an insider purchase by Kovler Jordan, the company’s Chief Executive Officer. SEC filings show that Kovler Jordan bought 5,000 shares of the company’s common stock on Sep 06 ’24 at a price of $1.72 per share for a total of $8598.0. Following the purchase, the insider now owns 68282.0 shares.
Greenidge Generation Holdings Inc disclosed in a document filed with the SEC on May 28 ’24 that Irwin Dale (President) sold a total of 8,777 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $2.81 per share for $24639.0. Following the transaction, the insider now directly holds 70962.0 shares of the GREE stock.
Still, SEC filings show that on May 20 ’24, Irwin Dale (President) disposed off 25,000 shares at an average price of $2.55 for $63797.0. The insider now directly holds 79,739 shares of Greenidge Generation Holdings Inc (GREE).
