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How to buy Greenlight Capital Re stock | $9.25

Learn how to easily invest in Greenlight Capital Re stock.

Greenlight Capital Re, Ltd
-$0.05 (-0.57%)

Greenlight Capital Re, Ltd is an insurance-reinsurance business based in the US. Greenlight Capital Re shares (GLRE) are listed on the NASDAQ and all prices are listed in US Dollars. Greenlight Capital Re employs 35 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Greenlight Capital Re

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GLRE – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Greenlight Capital Re stock price (NASDAQ: GLRE)

Use our graph to track the performance of GLRE stocks over time.

Greenlight Capital Re shares at a glance

Information last updated 2021-07-31.
Latest market close$9.25
52-week range$6.22 - $9.71
50-day moving average $9.09
200-day moving average $8.76
Wall St. target price$1.00
PE ratio 6.2323
Dividend yield N/A (0%)
Earnings per share (TTM) $1.41

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Greenlight Capital Re stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Greenlight Capital Re price performance over time

Historical closes compared with the close of $9.25 from 2021-05-28

1 week (2021-07-20) N/A
1 month (2021-07-01) 1.31%
3 months (2021-04-30) 0.22%
6 months (2021-01-27) N/A
1 year (2020-07-27) N/A
2 years (2019-07-27) N/A
3 years (2018-07-27) N/A
5 years (2016-07-27) N/A

Is Greenlight Capital Re under- or over-valued?

Valuing Greenlight Capital Re stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Greenlight Capital Re's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Greenlight Capital Re's P/E ratio

Greenlight Capital Re's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Greenlight Capital Re shares trade at around 6x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Greenlight Capital Re's PEG ratio

Greenlight Capital Re's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.38. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Greenlight Capital Re's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Greenlight Capital Re's EBITDA

Greenlight Capital Re's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $72.1 million.

The EBITDA is a measure of a Greenlight Capital Re's overall financial performance and is widely used to measure a its profitability.

Greenlight Capital Re financials

Revenue TTM $563 million
Operating margin TTM 12.81%
Gross profit TTM $40.5 million
Return on assets TTM 3.33%
Return on equity TTM 11.14%
Profit margin 8.99%
Book value $13.55
Market capitalisation $301.4 million

TTM: trailing 12 months

Shorting Greenlight Capital Re shares

There are currently 1.4 million Greenlight Capital Re shares held short by investors – that's known as Greenlight Capital Re's "short interest". This figure is 21% down from 1.8 million last month.

There are a few different ways that this level of interest in shorting Greenlight Capital Re shares can be evaluated.

Greenlight Capital Re's "short interest ratio" (SIR)

Greenlight Capital Re's "short interest ratio" (SIR) is the quantity of Greenlight Capital Re shares currently shorted divided by the average quantity of Greenlight Capital Re shares traded daily (recently around 193650.76495132). Greenlight Capital Re's SIR currently stands at 7.19. In other words for every 100,000 Greenlight Capital Re shares traded daily on the market, roughly 7190 shares are currently held short.

However Greenlight Capital Re's short interest can also be evaluated against the total number of Greenlight Capital Re shares, or, against the total number of tradable Greenlight Capital Re shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Greenlight Capital Re's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Greenlight Capital Re shares in existence, roughly 40 shares are currently held short) or 0.0535% of the tradable shares (for every 100,000 tradable Greenlight Capital Re shares, roughly 54 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Greenlight Capital Re.

Find out more about how you can short Greenlight Capital Re stock.

Greenlight Capital Re share dividends

We're not expecting Greenlight Capital Re to pay a dividend over the next 12 months.

Greenlight Capital Re share price volatility

Over the last 12 months, Greenlight Capital Re's shares have ranged in value from as little as $6.22 up to $9.71. A popular way to gauge a stock's volatility is its "beta".

GLRE.US volatility(beta: 1.34)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Greenlight Capital Re's is 1.3433. This would suggest that Greenlight Capital Re's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Greenlight Capital Re overview

Greenlight Capital Re, Ltd. , through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners' insurance; and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, aviation, crop, energy, cyber, political, and terrorism products. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.

Frequently asked questions

What percentage of Greenlight Capital Re is owned by insiders or institutions?
Currently 5.797% of Greenlight Capital Re shares are held by insiders and 66.204% by institutions.
How many people work for Greenlight Capital Re?
Latest data suggests 35 work at Greenlight Capital Re.
When does the fiscal year end for Greenlight Capital Re?
Greenlight Capital Re's fiscal year ends in December.
Where is Greenlight Capital Re based?
Greenlight Capital Re's address is: 65 Market Street, Grand Cayman, Cayman Islands, KY1-1205
What is Greenlight Capital Re's ISIN number?
Greenlight Capital Re's international securities identification number is: KYG4095J1094
What is Greenlight Capital Re's CUSIP number?
Greenlight Capital Re's Committee on Uniform Securities Identification Procedures number is: G4095J109

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