InvestorsObserver is giving Dropcar Inc (DCAR) an Analyst Rating Rank of 0, meaning DCAR is ranked higher by analysts than 0% of stocks. The average projection by analysts for DCAR is $ over the next 12 months and analyst’s classify the stock as a Strong Sell
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 Dropcar Inc Stock Today?
Dropcar Inc (DCAR) stock is trading at $1.25 as of 11:38 AM on Tuesday, May 26, a rise of $0.06, or 5.04% from the previous closing price of $1.19. The stock has traded between $1.05 and $1.35 so far today. Volume today is elevated. So far 5,646,352 shares have traded compared to average volume of 2,621,842 shares.
