GREE Stock Overview
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company.
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Greenidge Generation Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.00|
|52 Week High||US$30.79|
|52 Week Low||US$1.87|
|1 Month Change||-17.70%|
|3 Month Change||-21.88%|
|1 Year Change||-92.03%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-95.39%|
Recent News & Updates
Greenidge Generation mines 301 bitcoins in August
Greenidge Generation (NASDAQ:GREE) has mined 301 bitcoins in August compared with 285 in July and 1,771 bitcoin for the eight months ended August 31, 2022.. The company had hashrate capacity of ~2.4 EH/s from ~24,500 miners in service as of August 31, 2022. Additionally ~5,000 older, less efficient miners representing approximately 0.3 EH/s taken offline in August to create capacity for new miners being delivered. The power plant uptime was of 100.0% during the month of August. Shares are trading up 2% premarket.
|GREE||US Software||US Market|
Return vs Industry: GREE underperformed the US Software industry which returned -30.9% over the past year.
Return vs Market: GREE underperformed the US Market which returned -21.5% over the past year.
|GREE Average Weekly Movement||14.0%|
|Software Industry Average Movement||8.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: GREE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: GREE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility.
Greenidge Generation Holdings Fundamentals Summary
|GREE fundamental statistics|
Is GREE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GREE income statement (TTM)|
|Cost of Revenue||US$59.63m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-3.76|
|Net Profit Margin||-105.74%|
How did GREE perform over the long term?See historical performance and comparison
Is GREE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GREE?
Other financial metrics that can be useful for relative valuation.
|What is GREE's n/a Ratio?|
Price to Sales Ratio vs Peers
How does GREE's PS Ratio compare to its peers?
|GREE PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
EXOD Exodus Movement
CMCM Cheetah Mobile
GREE Greenidge Generation Holdings
Price-To-Sales vs Peers: GREE is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (5.9x).
Price to Earnings Ratio vs Industry
How does GREE's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Sales vs Industry: GREE is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Software industry average (4.2x)
Price to Sales Ratio vs Fair Ratio
What is GREE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.6x|
|Fair PS Ratio||2.5x|
Price-To-Sales vs Fair Ratio: GREE is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).
Share Price vs Fair Value
What is the Fair Price of GREE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate GREE's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate GREE's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Greenidge Generation Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GREE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: GREE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: GREE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: GREE's revenue (20.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: GREE's revenue (20.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GREE's Return on Equity is forecast to be high in 3 years time
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How has Greenidge Generation Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: GREE is currently unprofitable.
Growing Profit Margin: GREE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if GREE's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare GREE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GREE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (13.4%).
Return on Equity
High ROE: GREE has a negative Return on Equity (-142.7%), as it is currently unprofitable.
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How is Greenidge Generation Holdings's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: GREE's short term assets ($85.8M) do not cover its short term liabilities ($98.8M).
Long Term Liabilities: GREE's short term assets ($85.8M) do not cover its long term liabilities ($133.7M).
Debt to Equity History and Analysis
Debt Level: GREE's net debt to equity ratio (99.1%) is considered high.
Reducing Debt: Insufficient data to determine if GREE's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GREE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GREE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 108.6% each year
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What is Greenidge Generation Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Greenidge Generation Holdings Dividend Yield vs Market|
|Company (Greenidge Generation Holdings)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Software)||1.1%|
|Analyst forecast in 3 Years (Greenidge Generation Holdings)||n/a|
Notable Dividend: Unable to evaluate GREE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GREE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GREE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GREE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GREE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeffrey Kirt (49 yo)
Mr. Jeffrey Emil Kirt serves as Independent Chairman of the Board at Verso Corporation. He is the Chief Executive Officer and Director of Greenidge Generation Holdings Inc since March 2021. He served as th...
CEO Compensation Analysis
|Jeffrey Kirt's Compensation vs Greenidge Generation Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$4m||US$158k|
Compensation vs Market: Jeffrey's total compensation ($USD4.41M) is above average for companies of similar size in the US market ($USD772.00K).
Compensation vs Earnings: Insufficient data to compare Jeffrey's compensation with company performance.
Experienced Management: GREE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: GREE's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Greenidge Generation Holdings Inc.'s employee growth, exchange listings and data sources
- Name: Greenidge Generation Holdings Inc.
- Ticker: GREE
- Exchange: NasdaqGS
- Founded: 1937
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$83.838m
- Shares outstanding: 41.92m
- Website: https://greenidge.com
Number of Employees
- Greenidge Generation Holdings Inc.
- 135 Rennell Drive
- 3rd Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GREE||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Sep 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.