How Does Eqonex Ltd (EQOS) Stock Rank on Wall Street Thursday?

Thursday, June 09, 2022 11:06 AM | InvestorsObserver Analysts

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How Does Eqonex Ltd (EQOS) Stock Rank on Wall Street Thursday?

InvestorsObserver is giving Eqonex Ltd (EQOS) an Analyst Rating Rank of 5, meaning EQOS is ranked higher by analysts than 5% of stocks. The average price target for EQOS is $1.25 and analyst’s rate the stock as a Hold.

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

See Full EQOS Report

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 Eqonex Ltd Stock Today?

Eqonex Ltd (EQOS) stock has gained 10.87% while the S&P 500 is down -0.55% as of 11:03 AM on Thursday, Jun 9. EQOS is higher by $0.10 from the previous closing price of $0.92 on volume of 104,149 shares. Over the past year the S&P 500 is lower by -3.00% while EQOS is down -85.02%. EQOS lost -$2.70 per share the over the last 12 months. Click Here to get the full Stock Report for Eqonex Ltd stock.