Do analysts agree on the target price for cbdMD Inc (YCBD) stock on Monday?
Wall Street is positive on cbdMD Inc (YCBD). On average, analysts give cbdMD Inc a Strong Buy rating. The average price target is $5,001, which means analysts expect the stock to rise 395.15% over the next twelve months. This average ranking earns cbdMD Inc an analyst rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.
Why are analyst ratings important?
Fundamental research of a company’s underlying health can be an extremely useful resource when making investment decisions. Analysts watch companies’ growth prospects and earnings forecasts to get a comprehensive view of particular industries. This data allows traders to react before the figures are officially released.
InvestorsObserver takes notes from these analysts and ranks these averages into percentiles. This allows you to compare stocks in depth and in more detail than common buy/hold/sell quotes.
What’s going on with cbdMD Inc stock today?
cbdMD Inc (YCBD) stock is trading at $1.01 at 9:44 a.m. on Monday, March 28, a loss of -$0.13, or -11.4% from the previous closing price of 1, $14. The stock has traded between $1.01 and $1.10 so far today. The volume today is light. So far, 82,453 shares have been traded with an average volume of 360,965 shares. Click here for the full cbdMD Inc. stock report.
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