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Cannabis Stock Greenlane Holdings Inc (GNLN) Surges 4.2% Wednesday; Analysts Call It A Strong Buy, Are They Wrong?

Wednesday, November 24, 2021 10:48 AM | InvestorsObserver Analysts
Cannabis Stock Greenlane Holdings Inc (GNLN) Surges 4.2% Wednesday; Analysts Call It A Strong Buy, Are They Wrong?

Cannabis stock Greenlane Holdings Inc is higher by 4.2% Wednesday. Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to increase 283.94% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns GNLN an Analyst Ranking of 74, which means it ranks higher than 74 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?

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 has gained 4.2% while the S&P 500 is down -0.18% as of 10:46 AM on Wednesday, Nov 24. GNLN has risen $0.06 from the previous closing price of $1.31 on volume of 440,357 shares. Over the past year the S&P 500 has gained 28.79% while GNLN is down -52.26%. GNLN lost -$1.12 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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