GrowGeneration Corp (GRWG) Falls Wednesday, But Analysts Call It A Buy: Will This Pot Stock Take Off?

GRWG, a player in the cannabis market, is lower by 18.41% Wednesday as it underperforms the market as a whole. Wall Street is positive on GrowGeneration Corp (GRWG). On average, analysts give the stock a Buy rating. The average price target is $18.25, which means analysts expect the stock to gain by 349.51% over the next twelve months. That average ranking earns the stock an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GRWG a Buy today. Find out what this means to you and get the rest of the rankings on GRWG!

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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 GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock has fallen -18.41% while the S&P 500 is higher by 1.17% as of 10:50 AM on Wednesday, May 11. GRWG has fallen -$0.91 from the previous closing price of $4.97 on volume of 1,746,577 shares. Over the past year the S&P 500 is down -2.51% while GRWG has fallen -89.84%. GRWG earned $0.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.18. Click Here to get the full Stock Report for GrowGeneration Corp stock.