Equities Analysts Set Expectations for Greenidge Generation Holdings Inc.’s Q1 2023 Earnings (NASDAQ:GREE)

Greenidge Generation Holdings Inc. (NASDAQ:GREE – Get Rating) – Equities research analysts at B. Riley issued their Q1 2023 earnings per share estimates for shares of Greenidge Generation in a report released on Tuesday, March 14th. B. Riley analyst L. Pipes anticipates that the company will post earnings per share of ($0.10) for the quarter. The consensus estimate for Greenidge Generation’s current full-year earnings is ($0.91) per share. B. Riley also issued estimates for Greenidge Generation’s Q2 2023 earnings at ($0.08) EPS, Q3 2023 earnings at $0.00 EPS, Q4 2023 earnings at $0.02 EPS, FY2023 earnings at ($0.15) EPS and FY2024 earnings at $0.29 EPS.

Greenidge Generation Price Performance

Shares of Greenidge Generation stock opened at $0.45 on Thursday. Greenidge Generation has a one year low of $0.22 and a one year high of $12.68. The stock’s fifty day moving average is $0.67 and its 200 day moving average is $0.98. The stock has a market cap of $19.40 million, a P/E ratio of -0.11 and a beta of 3.41. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.55 and a current ratio of 0.55.

Insider Buying and Selling at Greenidge Generation

In other Greenidge Generation news, Director Atlas Capital Resources Gp Llc acquired 1,190,476 shares of the stock in a transaction dated Tuesday, January 31st. The shares were acquired at an average cost of $0.84 per share, for a total transaction of $999,999.84. Following the completion of the transaction, the director now directly owns 1,190,476 shares of the company’s stock, valued at $999,999.84. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 66.90% of the company’s stock.

Institutional Investors Weigh In On Greenidge Generation

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Greenidge Generation by 418.5% during the first quarter. JPMorgan Chase & Co. now owns 7,996 shares of the company’s stock worth $69,000 after acquiring an additional 6,454 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Greenidge Generation by 82.1% during the 1st quarter. Citigroup Inc. now owns 21,849 shares of the company’s stock valued at $188,000 after purchasing an additional 9,850 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Greenidge Generation by 3.6% during the first quarter. Vanguard Group Inc. now owns 443,008 shares of the company’s stock valued at $3,810,000 after purchasing an additional 15,556 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Greenidge Generation in the first quarter worth about $93,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Greenidge Generation by 252.9% in the first quarter. Renaissance Technologies LLC now owns 242,776 shares of the company’s stock worth $2,088,000 after purchasing an additional 173,976 shares during the last quarter. Institutional investors own 7.91% of the company’s stock.

Greenidge Generation Company Profile

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Greenidge Generation Holdings, Inc owns and operates a vertically integrated Bitcoin mining and power generation facility. It engages in the mining of Bitcoin and contributes to the security and transactability of the Bitcoin ecosystem while concurrently meeting the power needs of homes and businesses.