Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Greenidge Generation Holdings Inc. Market Cap
From what 1 stock analysts predict, the share price for Greenidge Generation Holdings Inc. (GREE) might increase by 81.82% in the next year. This is based on a 12-month average estimation for GREE. Price targets go from $4 to $4. The majority of stock analysts believe GREE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 1 Wall Street analysts have assigned GREE 1 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Greenidge Generation Holdings Inc. to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on GREE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of GREE.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Lucas Pipes B. Riley Securities | Buy | $4 | Maintains | Jul 12, 2024 |
| Lucas Pipes B. Riley Securities | Buy | $5 | Maintains | May 31, 2024 |
| Bill Papanastasiou Stifel | Sell | $0.5 | Downgrade | Nov 15, 2022 |
| Lucas Pipes B. Riley Securities | Buy | $5 | Maintains | Oct 7, 2022 |
| Lucas Pipes B. Riley Securities | Buy | $10 | Maintains | Jun 23, 2022 |
| Lucas Pipes B. Riley Securities | Buy | $42 | Maintains | Apr 26, 2022 |
B. Riley Securities | Buy | Initiates | Sep 29, 2021 |
When did it IPO
2000
Staff Count
40
Country
United States
Sector/Industry
Financial Services/Capital Markets
CEO
Mr. Jordan Kovler
Market Cap
$26.4M
In 2023, GREE generated $70.4M in revenue, which was a decrease of -21.77% from the previous year. This can be seen as a signal that GREE's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 04 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. has agreed to sell its 152-acre Spartanburg, SC property to Data Journey LLC for $12.1 million and an 8% profit participation in a planned data center.
Why It Matters - The sale of the Spartanburg property for $12.1 million enhances Greenidge's liquidity and potential future earnings through profit participation, signaling strategic asset management and growth opportunities.
Thu, 14 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. announced that the New York Supreme Court ruled in its favor, rejecting the DEC's denial of the company's Title V Air Permit renewal application.
Why It Matters - The court ruling allows Greenidge to continue operations, potentially stabilizing revenue and reducing regulatory risk, which may positively impact stock performance and investor sentiment.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. reported Q3 2024 revenue of $12.4 million, with a net loss of $6.3 million and an EBITDA loss of $1.2 million, including $3 million from cryptocurrency mining.
Why It Matters - Greenidge's Q3 2024 results show significant losses despite $12.4 million in revenue, highlighting challenges in profitability and operational efficiency, which could affect investor sentiment and stock performance.
Mon, 14 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. reported preliminary Q3 2024 results, focusing on SG&A expense reductions and upgrades to its bitcoin mining fleet. Further financial details were not disclosed.
Why It Matters - Greenidge's Q3 2024 results and expense reduction efforts suggest improved profitability, while fleet upgrades may enhance operational efficiency, impacting future revenue and stock performance.
Mon, 09 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. (NASDAQ: GREE) announced its bitcoin production update for August 2024 and noted CEO Jordan Kovler's upcoming presentation at the H.C. Wainwright Conference on September 9, 2024.
Why It Matters - Greenidge's bitcoin production update and CEO's conference presentation may signal operational performance and future strategies, influencing investor sentiment and stock price.
Wed, 14 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Greenidge Generation Holdings Inc. reported Q2 2024 revenue of $13.1 million and a net loss of $5.5 million, as it continues its business transformation efforts.
Why It Matters - Greenidge's Q2 2024 results show a revenue decline and continued net losses, signaling potential challenges in profitability and operational efficiency, impacting investor confidence.
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