The Greenlane Renewables (CVE:GRN) Share Price Has Soared 419%, Delighting Many Shareholders

While stock picking isn't easy, for those willing to persist and learn, it is possible to buy shares in great companies, and generate wonderful returns. When you find (and hold) a big winner, you can markedly improve your finances. For example, Greenlane Renewables Inc. (CVE:GRN) has generated a beautiful 419% return in just a single year. It's also good to see the share price up 146% over the last quarter. The company reported its financial results recently; you can catch up on the latest numbers by reading our company report. Note that businesses generally develop over the long term, so the returns over the last year might not reflect a long term trend.

View our latest analysis for Greenlane Renewables

Greenlane Renewables wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually expect strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

In the last year Greenlane Renewables saw its revenue grow by 187%. That's stonking growth even when compared to other loss-making stocks. But the share price has really rocketed in response gaining 419% as previously mentioned. Even the most bullish shareholders might be thinking that the share price might drop back a bit, after a gain like that. So this looks like a great watchlist candidate for investors who look for high growth inflexion points.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free report showing analyst forecasts should help you form a view on Greenlane Renewables

A Different Perspective

Greenlane Renewables shareholders should be happy with the total gain of 419% over the last twelve months. A substantial portion of that gain has come in the last three months, with the stock up 146% in that time. This suggests the company is continuing to win over new investors. It's always interesting to track share price performance over the longer term. But to understand Greenlane Renewables better, we need to consider many other factors. Take risks, for example - Greenlane Renewables has 3 warning signs we think you should be aware of.

Greenlane Renewables is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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