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Analysts Are Bullish On This Cannabis Stock, Should You Roll With Greenlane Holdings Inc (GNLN) Wednesday?

Wednesday, October 06, 2021 02:44 PM | InvestorsObserver Analysts
Analysts Are Bullish On This Cannabis Stock, Should You Roll With Greenlane Holdings Inc (GNLN) Wednesday?

GNLN stock is lower by 1.81% Wednesday as the cannabis stock decreases $0.04 and underperforms the market. Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to rise 141.88% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 75, which means it ranks higher than 75 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 5
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!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is lower by -1.81% while the S&P 500 is up 0.21% as of 2:38 PM on Wednesday, Oct 6. GNLN has fallen -$0.04 from the previous closing price of $2.38 on volume of 337,631 shares. Over the past year the S&P 500 is up 29.57% while GNLN is up 2.18%. GNLN lost -$1.06 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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