Analyst Rating: Will Trident Acquisitions Corp (TDAC) Stock Beat the Market?

Monday, October 18, 2021 01:07 PM | InvestorsObserver Analysts

Mentioned in this article

Analyst Rating: Will Trident Acquisitions Corp (TDAC) Stock Beat the Market?

InvestorsObserver is giving Trident Acquisitions Corp (TDAC) an Analyst Rating Rank of 75, meaning TDAC is ranked higher by analysts than 75% of stocks. The average price target for TDAC is $16 and analyst’s rate the stock as a Strong Buy.

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

See Full TDAC Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Trident Acquisitions Corp Stock Today?

Trident Acquisitions Corp (TDAC) stock is trading at $12.15 as of 1:06 PM on Monday, Oct 18, a gain of $0.65, or 5.61% from the previous closing price of $11.50. The stock has traded between $11.60 and $12.18 so far today. Volume today is high. So far 207,344 shares have traded compared to average volume of 74,225 shares. Click Here to get the full Stock Report for Trident Acquisitions Corp stock.