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Cannabis Stock Drops 0.37% Thursday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

Thursday, September 16, 2021 02:10 PM | InvestorsObserver Analysts
Cannabis Stock Drops 0.37% Thursday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

Cannabis stock GrowGeneration Corp is lower by 0.37% Thursday. InvestorsObserver is giving GrowGeneration Corp (GRWG) an Analyst Rating Rank of 75, meaning GRWG is ranked higher by analysts than 75% of stocks. The average price target for GRWG is $46.285 and analyst’s rate the stock as a Strong Buy.

Overall Score - 5
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?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $26.79 as of 2:07 PM on Thursday, Sep 16, a drop of -$0.10, or -0.37% from the previous closing price of $26.89. The stock has traded between $25.95 and $26.95 so far today. Volume today is below average. So far 555,107 shares have traded compared to average volume of 2,120,375 shares. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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