HEXO Corp. (NYSE:HEXO) traded at $6.72 at close of the session on Monday, May 03, made an upward move of 3.7% on its previous day’s price.
Looking at the stock we see that its previous close was $6.48 and the beta (5Y monthly) reads 0 with the day’s price range being $6.33 – 6.91. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, HEXO has a high of $11.04 and a low of $1.6. The company’s stock has gained about 3.7% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HEXO stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the HEXO Corp. (HEXO) stock as a Hold, while 3 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HEXO stock currently stands at 0, and the current price level is 12.33% off its SMA20 and 1.01% from its 50-day simple moving average. The RSI (14) is pointing at 57.72 while the volatility over the past week is 8.44% and drops to 6.98% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.44. The average price target for the stock over the next 12 months is $7.81, with the estimates having a low of $4.5 and a high of $11.26. These price ends are -33.04% and +67.56% off the current price level respectively, although investors could be excited at the prospect of a +17.56% if the HEXO share price touches on the median price of $7.9.
Let’s briefly compare HEXO Corp. (HEXO) stock to its peers. We find that current price change of +3.7% and +226.09% over the past 12 months for HEXO betters that of Abbott Laboratories (ABT), which has seen its stock price fall -0.77% in the last trading session and was +30.39% over the last one year. Another of its peers Medtronic Inc (MDT) has dropped -0.44% previous session, and was +34.1% up over the past year, while Stryker Corp (SYK) was also up 3.7% in the last session, while its price remained in the green at 226.09% over the same period. HEXO Corp. has a P/E ratio of 0 compared to Abbott Laboratories’ 37.41 and Medtronic Inc’s 61.96. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to HEXO Corp. (NYSE:HEXO), we note that the average 3-month trading volume was 7.36 Million, while that of the preceding 10-day period stands at 2.64 Million. Current shares outstanding are 122.39 Million.
According to data from Thomson Reuters, insiders hold 5.2% of the company’s shares while institutions hold 14.6%. The data shows that short shares as of April 14, 2021, stood at 10.93 Million at a short ratio of 3.28. This represents a 8.93% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 9.54 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +82.61% up in year-to-date price movement.