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Do Analysts Agree Monday on LumiraDx Ltd (LMDX) Stock's Target Price?

Monday, October 25, 2021 10:18 AM | InvestorsObserver Analysts

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Do Analysts Agree Monday on LumiraDx Ltd (LMDX) Stock's Target Price?

InvestorsObserver is giving LumiraDx Ltd (LMDX) an Analyst Rating Rank of 75, meaning LMDX is ranked higher by analysts than 75% of stocks. The average price target for LMDX is $14.75 and analyst’s rate the stock as a Strong Buy.

Overall Score - 5
Wall Street analysts are rating LMDX a Strong Buy today. Find out what this means to you and get the rest of the rankings on LMDX!

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 LumiraDx Ltd Stock Today?

LumiraDx Ltd (LMDX) stock is trading at $8.59 as of 10:17 AM on Monday, Oct 25, an increase of $0.03, or 0.3% from the previous closing price of $8.56. The stock has traded between $8.50 and $8.90 so far today. Volume today is below average. So far 20,359 shares have traded compared to average volume of 871,254 shares. Click Here to get the full Stock Report for LumiraDx Ltd stock.

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