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Pot Stock Surges 9.32% Friday; What Do Analysts Think The Future Is For Greenlane Holdings Inc (GNLN)?

Friday, May 13, 2022 03:54 PM | InvestorsObserver Analysts

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Pot Stock Surges 9.32% Friday; What Do Analysts Think The Future Is For Greenlane Holdings Inc (GNLN)?

Pot stock Greenlane Holdings Inc is higher by 9.32% Friday. Analysts who follow Greenlane Holdings Inc (GNLN) on average expect it to increase 581.18% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns GNLN 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?

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 Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is trading at $0.34 as of 3:54 PM on Friday, May 13, a rise of $0.03, or 9.32% from the previous closing price of $0.31. The stock has traded between $0.32 and $0.36 so far today. Volume today is less active than usual. So far 707,731 shares have traded compared to average volume of 1,519,708 shares. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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