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How Does Eastside Distilling Inc (EAST) Stock Rank on Wall Street?

Wednesday, October 21, 2020 03:46 PM | InvestorsObserver Analysts

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How Does Eastside Distilling Inc (EAST) Stock Rank on Wall Street?

Wall Street is positive on Eastside Distilling Inc (EAST). On average, analysts give Eastside Distilling Inc a Strong Buy rating. The average price target is $7.5, which means analysts expect the stock to add by 476.92% over the next twelve months.

That average ranking earns Eastside Distilling Inc an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.

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

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Eastside Distilling Inc Stock Today?

Eastside Distilling Inc (EAST) stock is trading at $1.30 as of 3:41 PM on Wednesday, Oct 21, a gain of $0.13, or 11.45% from the previous closing price of $1.17. The stock has traded between $1.16 and $1.35 so far today. Volume today is elevated. So far 244,407 shares have traded compared to average volume of 65,855 shares.

Click Here to get the full report on Eastside Distilling Inc (EAST) Stock.

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