Greenlane (NASDAQ:GNLN – Get Free Report) and Cleanspark (NASDAQ:CLSK – Get Free Report) are both technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their risk, earnings, profitability, dividends, analyst recommendations, valuation and institutional ownership.
Volatility and Risk
Greenlane has a beta of 2.05, indicating that its stock price is 105% more volatile than the S&P 500. Comparatively, Cleanspark has a beta of 3.84, indicating that its stock price is 284% more volatile than the S&P 500.
Institutional & Insider Ownership
14.0% of Greenlane shares are owned by institutional investors. Comparatively, 43.1% of Cleanspark shares are owned by institutional investors. 13.0% of Greenlane shares are owned by insiders. Comparatively, 2.1% of Cleanspark shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Greenlane | 1 | 0 | 0 | 0 | 1.00 |
| Cleanspark | 1 | 1 | 13 | 1 | 2.88 |
Cleanspark has a consensus price target of $23.88, indicating a potential upside of 90.77%. Given Cleanspark’s stronger consensus rating and higher possible upside, analysts clearly believe Cleanspark is more favorable than Greenlane.
Profitability
This table compares Greenlane and Cleanspark’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Greenlane | -4,630.56% | -282.11% | -240.74% |
| Cleanspark | -146.90% | -18.63% | -8.15% |
Valuation & Earnings
This table compares Greenlane and Cleanspark”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Greenlane | $4.36 million | 0.46 | -$85.58 million | ($58.92) | -0.05 |
| Cleanspark | $766.31 million | 4.20 | $364.46 million | ($3.77) | -3.32 |
Cleanspark has higher revenue and earnings than Greenlane. Cleanspark is trading at a lower price-to-earnings ratio than Greenlane, indicating that it is currently the more affordable of the two stocks.
Summary
Cleanspark beats Greenlane on 13 of the 15 factors compared between the two stocks.
About Greenlane
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, HigherStandards.com, EyceMolds.com, and MarleyNaturalShop.com. It serves customers through smoke shops, cannabis dispensaries, and specialty retailers. The company was founded in 2005 and is headquartered in Boca Raton, Florida.
About Cleanspark
CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
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