NYSEARCA:MJ

18.51
1.15 (5.85%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The ETFMG Alternative Harvest ETF (MJ-N) has garnered thoughts from various market experts who view it as a high-risk investment primarily influenced by external factors such as government legislation related to cannabis. Given its niche in the volatile cannabis sector, there is a general consensus that the stock's performance is closely tied to regulatory changes. While some investors might find it appealing due to its potential for growth, experts suggest that it should only form a small part of a diversified portfolio. Investors should be cautious and conduct thorough research, as the risks associated with this stock can lead to significant fluctuations in value based on market conditions. Overall, this ETF shows promise, but the uncertainty in the cannabis market could pose challenges for potential investors.

Consensus
Risky
Valuation
Fair Value
Similar
YOLO,CS
RISKY

Will take change in government legislation for this stock to move up. Is a risky way to invest. Would recommend as a small portion of portfolio. 

DON'T BUY
It's not about market conditions hurting cannabis stocks Like Uber and Lyft, cannabis stocks have to make money and profits at some point.
DON'T BUY
Down over 9% this week, even with today's cannabis comeback He has been long in cannabis. It's been a tough week. Most of this ETF is invested in Canadian stocks. Canopy this week just announced it would issue more shares, which will highly dilute shares. Canopy has been eroding capital quickly. A lot of consolidation needs to happen. The top 3-4 Canadian players are losing market share. Look to U.S. names, instead, where valuations are interesting. Names like Curaleaf are trading at low May 2020 valuations.
BUY

Thise ETF got hammered 3% as the big Canadian producers held in this got killed today (Aurora, Canopy, Tilra). Aphria, though, held on, because they just announced a US acquisition. It's against the law to publicly list American pot stocks, so this ETF holds only Canadian ones, and American companies can list only in Canada. He feels that legalization makes good politics. In last night's vote, some states voted to legalize cannabis, and he expects more states to follow suit in the future.

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ETFMG Alternative Harvest ETF(MJ-N) Rating

Ranking : 4 out of 5

Star iconStar iconStar iconStar iconStar empty icon

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for ETFMG Alternative Harvest ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ETFMG Alternative Harvest ETF(MJ-N) Frequently Asked Questions

What is ETFMG Alternative Harvest ETF stock symbol?

ETFMG Alternative Harvest ETF is a American stock, trading under the symbol MJ-N on the NYSE Arca (MJ). It is usually referred to as AMEX:MJ or MJ-N

Is ETFMG Alternative Harvest ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about MJ-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ETFMG Alternative Harvest ETF.

Is ETFMG Alternative Harvest ETF a good investment or a top pick?

ETFMG Alternative Harvest ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for ETFMG Alternative Harvest ETF.

Why is ETFMG Alternative Harvest ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ETFMG Alternative Harvest ETF worth watching?

1 stock analyst on Stockchase covered ETFMG Alternative Harvest ETF In the last year. It is a trending stock that is worth watching.

What is ETFMG Alternative Harvest ETF stock price?

On 2025-04-03, ETFMG Alternative Harvest ETF (MJ-N) stock closed at a price of $18.51.