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Pot Stock Surges 12.58% Wednesday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

Wednesday, July 20, 2022 12:33 PM | InvestorsObserver Analysts

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Pot Stock Surges 12.58% Wednesday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

GRWG, a player in the cannabis market, is higher by 12.58% Wednesday as it outperforms the market as a whole. InvestorsObserver is giving GrowGeneration Corp (GRWG) an Analyst Rating Rank of 28, meaning GRWG is ranked higher by analysts than 28% of stocks. The average price target for GRWG is $9.125 and analyst’s rate the stock as a Buy.

Overall Score - 3.9
Wall Street analysts are rating GRWG a Buy today. Find out what this means to you and get the rest of the rankings on GRWG!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $5.15 as of 12:22 PM on Wednesday, Jul 20, a rise of $0.57, or 12.58% from the previous closing price of $4.57. The stock has traded between $4.57 and $5.23 so far today. Volume today is 1,265,737 compared to average volume of 1,432,931. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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