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Pot Stock Surges 1.28% Tuesday; What Do Analysts Think The Future Is For Greenlane Holdings Inc (GNLN)?

Tuesday, May 03, 2022 02:59 PM | InvestorsObserver Analysts

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Pot Stock Surges 1.28% Tuesday; What Do Analysts Think The Future Is For Greenlane Holdings Inc (GNLN)?

Pot stock Greenlane Holdings Inc is higher by 1.28% Tuesday. Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to increase 566.67% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 72, which means it ranks higher than 72 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?

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 Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is flat 1.28% while the S&P 500 has gained 0.29% as of 2:56 PM on Tuesday, May 3. GNLN is flat $0.00 from the previous closing price of $0.36 on volume of 628,548 shares. Over the past year the S&P 500 is lower by -0.60% while GNLN has fallen -91.69%. GNLN lost -$0.79 per share the over the last 12 months. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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