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Pot Stock Greenlane Holdings Inc (GNLN) Drops 5.23% Tuesday; Analysts Call It A Strong Buy, Are They Wrong?

Tuesday, April 05, 2022 03:16 PM | InvestorsObserver Analysts

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Pot Stock Greenlane Holdings Inc (GNLN) Drops 5.23% Tuesday; Analysts Call It A Strong Buy, Are They Wrong?

GNLN, a player in the cannabis market, is lower by 5.23% Tuesday as it underperforms the market as a whole. Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to climb 810.20% 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 73, which means it ranks higher than 73 of stocks, based on data compiled by InvestorsObserver.

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

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is trading at $0.49 as of 3:13 PM on Tuesday, Apr 5, a drop of -$0.03, or -5.23% from the previous closing price of $0.52. The stock has traded between $0.49 and $0.52 so far today. Volume today is less active than usual. So far 1,275,900 shares have traded compared to average volume of 3,180,053 shares. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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