A number of other research analysts have also recently weighed in on the stock. Atb Cap Markets cut shares of HEXO from a “sector perform” rating to an “underperform” rating in a research note on Wednesday. Canaccord Genuity Group upgraded shares of HEXO from a “hold” rating to a “speculative buy” rating in a research note on Friday, March 4th. Alliance Global Partners cut shares of HEXO from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Canaccord Genuity Group cut shares of HEXO from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, HEXO has a consensus rating of “Hold” and a consensus price target of $3.14.
HEXO stock opened at $0.20 on Thursday. HEXO has a fifty-two week low of $0.20 and a fifty-two week high of $6.05. The stock has a market cap of $100.22 million, a PE ratio of -0.08 and a beta of 1.21. The firm’s 50-day simple moving average is $0.34 and its 200 day simple moving average is $0.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.60 and a current ratio of 0.96.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of HEXO in the second quarter valued at approximately $225,000. Mackenzie Financial Corp increased its holdings in HEXO by 115.6% during the 4th quarter. Mackenzie Financial Corp now owns 49,291 shares of the company’s stock worth $34,000 after acquiring an additional 26,426 shares during the period. Squarepoint Ops LLC bought a new stake in HEXO during the 4th quarter worth approximately $36,000. Dimensional Fund Advisors LP bought a new stake in HEXO during the 3rd quarter worth approximately $142,000. Finally, Credit Suisse AG increased its holdings in HEXO by 17.8% during the 3rd quarter. Credit Suisse AG now owns 106,762 shares of the company’s stock worth $197,000 after acquiring an additional 16,169 shares during the period. 27.55% of the stock is currently owned by institutional investors.
About HEXO (Get Rating)
HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. It also provides cannabis beverages under the Little Victory, House of Terpenes, Mollo, Veryvell, and XMG brands; and cannabis products under UP Cannabis, Original Stash, and Up brand names.
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