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What is Wall Street's Target Price for Chromadex Corp (CDXC) Stock Friday?

Friday, March 26, 2021 10:46 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Chromadex Corp (CDXC) Stock Friday?

Analysts who follow Chromadex Corp (CDXC) on average expect it to increase 68.09% 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 78, which means it ranks higher than 78 of stocks, based on data compiled by InvestorsObserver.

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

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 Chromadex Corp Stock Today?

Chromadex Corp (CDXC) stock is trading at $9.37 as of 10:42 AM on Friday, Mar 26, a rise of $0.37, or 4.11% from the previous closing price of $9.00. The stock has traded between $9.06 and $9.69 so far today. Volume today is less active than usual. So far 177,654 shares have traded compared to average volume of 7,174,734 shares.

Click Here to get the full report on Chromadex Corp (CDXC) Stock.

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