Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to rise 73.19% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns Greenlane Holdings Inc an Analyst Ranking of 80, which means it ranks higher than 80 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Greenlane Holdings Inc Stock Today?
Greenlane Holdings Inc (GNLN) stock is trading at $3.32 as of 3:12 PM on Friday, Oct 23, a rise of $0.38, or 12.93% from the previous closing price of $2.94. The stock has traded between $2.89 and $3.33 so far today. Volume today is elevated. So far 402,737 shares have traded compared to average volume of 186,060 shares.