HEXO Corp. (NYSE:HEXO) does about 15.23M shares in volume on a normal day but saw 6433817 shares change hands in Monday trading. The company now has a market cap of 345.73M USD and an enterprise value of about $350.18M. Its current market price is $0.72, marking an increase of 0.35% compared to the previous close of $0.72. The 52 week high reached by this stock is $4.75 whilst the lowest price level in 52 weeks is $0.35. The script in recent trading has seen the stock touch a high of $0.7319 and a low of $0.70.
HEXO Corp. (HEXO) has a 20-day trading average at $0.7215 and the current price is -84.86% off the 52-week high compared with 108.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7225 and its 200-day simple moving average is $1.0524. If we look at the stock’s price movements over the week, volatility stands at 3.48%, which increases to 5.34% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.17 to suggest the stock is neutral.
15 analysts observing the HEXO Corp. (HEXO) stock have set the 12-month price targets for the company’s shares at between $0.57 and $1.84. The median price target is 16.28% away from the current levels at $0.86.
FactSet Research has provided data showing that 15 brokerages have issued ratings for the stock. 5 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Underweight.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 22, 2020 when Cantor Fitzgerald upgraded the stock to “Neutral” and issued a price target of . Bryan Garnier downgraded the stock to “Sell” from Buy on July 01, 2020 at a price target of .
The current price level is -0.35%, -0.55%, and -32.07% away from its SMA20, SMA50, and SMA200 respectively, with the HEXO price moving above the 50-day SMA on August 31. HEXO Corp. (HEXO) stock is up 3.10% over the week and 6.55% over the past month. Its price is -54.77% year-to-date and -82.11% over the past year.
Its 12-month price target is $0.86. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.57, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1.84.
Outstanding shares total 480.72M with insiders holding 5.83% of the shares and institutional holders owning 13.61% of the company’s common stock.
According to a U.S. Securities and Exchange Commission filing, ETFMG Alternative Harvest ETF has added its position in HEXO Corp. (HEXO) to 21,874,222 shares, mirroring a recent increase by 0.23%. ETFMG Alternative Harvest ETF added 49262.0 shares of HEXO Corp. common stock bringing its total worth to about $14.77 million at the end of recent close, SEC documents show. ETFMG Alternative Harvest ETF isn’t the only investment manager who changed stakes and is followed by Horizons Medical Marijuana Life S, which sold off 0.0 shares to end up with 5,706,710 shares worth $3.85 million. Global X Cannabis ETF cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.23% position in HEXO Corp. thanks to 0.95 million shares amounting to $0.64 million.