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Cannabis Stock GrowGeneration Corp (GRWG) Drops 3.8% Friday; Analysts Call It A Strong Buy, Are They Wrong?

Friday, October 22, 2021 03:15 PM | InvestorsObserver Analysts
Cannabis Stock GrowGeneration Corp (GRWG) Drops 3.8% Friday; Analysts Call It A Strong Buy, Are They Wrong?

Cannabis stock GRWG is falling back to earth Friday, decreasing 3.8%. Analysts who follow GrowGeneration Corp (GRWG) on average expect it to climb 105.02% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns GRWG 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 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 $22.03 as of 3:13 PM on Friday, Oct 22, a drop of -$0.87, or -3.8% from the previous closing price of $22.90. The stock has traded between $21.55 and $22.82 so far today. Volume today is less active than usual. So far 895,217 shares have traded compared to average volume of 1,681,721 shares. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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