Greenlane (NASDAQ:GNLN) Stock Price Down 3.7% – Here’s Why

Posted by James Quigley on Jul 15th, 2026

Greenlane Holdings, Inc. (NASDAQ:GNLN – Get Free Report) shares dropped 3.7% on Monday . The company traded as low as $2.41 and last traded at $2.4550. 7,494 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 25,120 shares. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Analysis on Greenlane

Greenlane Price Performance

The firm has a 50-day simple moving average of $3.13 and a 200 day simple moving average of $6.04. The stock has a market capitalization of $1.56 million, a P/E ratio of -0.03 and a beta of 1.87.

Greenlane (NASDAQ:GNLN – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1,100,000.00) by $1,099,998.66. Greenlane had a negative return on equity of 234.48% and a negative net margin of 3,001.59%.The company had revenue of $0.45 million during the quarter, compared to the consensus estimate of $35.56 million.

Institutional Trading of Greenlane

A hedge fund recently bought a new stake in Greenlane stock. Yorkville Advisors Global LP bought a new position in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $74,000. Yorkville Advisors Global LP owned about 31.75% of Greenlane as of its most recent SEC filing. Institutional investors own 13.96% of the company’s stock.

Greenlane Company Profile

(Get Free Report)

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.