Analysts who follow Groupon Inc Common Stock (GRPN) on average expect it to increase 76.56% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns Groupon Inc Common Stock an Analyst Ranking of 22, which means it ranks higher than 22 of stocks, based on data compiled by InvestorsObserver.
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 Groupon Inc Common Stock Stock Today?
Groupon Inc Common Stock (GRPN) stock is trading at $18.03 as of 2:56 PM on Monday, Jul 6, an increase of $0.05, or 0.28% from the previous closing price of $17.98. Volume today is low. So far 1,078,690 shares have traded compared to average volume of 2,024,856 shares. The stock has traded between $17.52 and $18.55 so far today.
