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Analysts Are Bullish On This Cannabis Stock, Should You Roll With GrowGeneration Corp (GRWG) Monday?

Monday, December 06, 2021 01:20 PM | InvestorsObserver Analysts
Analysts Are Bullish On This Cannabis Stock, Should You Roll With GrowGeneration Corp (GRWG) Monday?

GRWG, a player in the cannabis market, is higher by 2.64% Monday as it outperforms the market as a whole. Analysts who follow GrowGeneration Corp (GRWG) on average expect it to increase 119.43% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns GrowGeneration Corp an Analyst Ranking of 63, which means it ranks higher than 63 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.7
Wall Street analysts are rating GRWG a Strong Buy today. Find out what this means to you and get the rest of the rankings on GRWG!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $15.57 as of 1:11 PM on Monday, Dec 6, an increase of $0.40, or 2.64% from the previous closing price of $15.17. The stock has traded between $14.16 and $15.66 so far today. Volume today is less active than usual. So far 1,070,011 shares have traded compared to average volume of 2,049,599 shares. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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