Greenidge Generation (NASDAQ:GREE) Trading Down 4.8%

Shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE – Get Free Report ) traded down 4.8% during trading on Monday. The company traded as high as $1.79 and last traded at $1.80. About 83,453 shares were traded during the trading session, down 68% from the average daily volume of 256,971 shares. Shares previously closed at $1.89.

Analysts on Wall Street are forecasting an increase

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

Get the latest analysis on Greenidge Generation

Greenidge Generation price performance

The stock’s 50-day simple moving average is $2.30 and its 200-day simple moving average is $2.76.

Greenidge Generation (NASDAQ:GREE – Get Free Report ) last issued its earnings results on Wednesday, August 14th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.18). The company had revenue of $13.06 million during the quarter, compared to analysts’ expectations of $16.10 million. Equities research analysts forecast that Greenidge Generation Holdings Inc. will post -1.81 EPS for the current fiscal year.

Institutional inputs and outputs

A hedge fund recently bought a new stake in shares of Greenidge Generation. XTX Topco Ltd acquired a new stake in Greenidge Generation Holdings Inc. (NASDAQ:GREE – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation at the end of the most recent quarter. 8.50% of shares are owned by institutional investors and hedge funds.

About the Greenidge Generation

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Greenidge Generation Holdings Inc operates as an integrated cryptocurrency data center and power generation company. The company owns and operates a cryptocurrency data center in New York, and hosts, powers, and provides technical support and other related services to customer-owned bitcoin mining equipment.

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