Greenidge Generation (NASDAQ:GREE) Stock Price Down 4.8%

Greenidge Generation Holdings Inc. (NASDAQ:GREE)’s stock price was down 4.8% on Monday . The company traded as low as $1.79 and last traded at $1.80. Approximately 83,453 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 256,971 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

Separately, B. Riley decreased their target price on shares of Greenidge Generation from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

Greenidge Generation Trading Down 4.8 %

The stock’s fifty day moving average is $2.30 and its 200-day moving average is $2.76.

Greenidge Generation (NASDAQ:GREE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.18). The business had revenue of $13.06 million during the quarter, compared to the consensus estimate of $16.10 million. As a group, analysts anticipate that Greenidge Generation Holdings Inc. will post -1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Greenidge Generation

An institutional investor recently bought a new position in Greenidge Generation stock. XTX Topco Ltd acquired a new position in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 8.50% of the company’s stock.

Greenidge Generation Company Profile

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.