Cannabis Stock Surges 0.53% Tuesday; What Do Analysts Think The Future Is For Greenlane Holdings Inc (GNLN)?

Tuesday, April 19, 2022 03:17 PM | InvestorsObserver Analysts

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GNLN stock is higher by 0.53% Tuesday as the cannabis stock is neutral at $0 and underperforms the market. Wall Street is positive on Greenlane Holdings Inc (GNLN). On average, analysts give the stock a Strong Buy rating. The average price target is $2.55, which means analysts expect the stock to increase by 507.14% over the next twelve months. That average ranking earns the stock an Analyst Rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GNLN a Strong Buy today. Find out what this means to you and get the rest of the rankings on GNLN!
See Full GNLN Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is unchanged 0.53% while the S&P 500 is up 1.34% as of 3:03 PM on Tuesday, Apr 19. GNLN is flat $0.00 from the previous closing price of $0.42 on volume of 966,810 shares. Over the past year the S&P 500 has gained 6.91% while GNLN is down -91.46%. GNLN lost -$0.79 per share the over the last 12 months. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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