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Pot Stock Surges 6.17% Wednesday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

Wednesday, July 28, 2021 02:51 PM | InvestorsObserver Analysts
Pot Stock Surges 6.17% Wednesday; What Do Analysts Think The Future Is For GrowGeneration Corp (GRWG)?

Pot stock GrowGeneration Corp is higher by 6.17% Wednesday. InvestorsObserver is giving GrowGeneration Corp (GRWG) an Analyst Rating Rank of 75, meaning GRWG is ranked higher by analysts than 75% of stocks. The average price target for GRWG is $49.285 and analyst’s rate the stock as a Strong Buy.

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

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 GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock is trading at $42.15 as of 2:35 PM on Wednesday, Jul 28, a gain of $2.45, or 6.17% from the previous closing price of $39.70. The stock has traded between $40.23 and $42.37 so far today. Volume today is less active than usual. So far 925,996 shares have traded compared to average volume of 1,534,837 shares. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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