The 5 analysts offering 12-month price forecasts for Hexo Corp have a median target of 0.59, with a high estimate of 0.79 and a low estimate of 0.42. The median estimate represents a +8.09% increase from the last price of 0.55.
Similarly, Will HEXO stock go up 2022?
HEXO’s $207.42 million consensus revenue for the fiscal period ending 2022 represents a 114.7% increase year-over-year. Its EPS is expected to grow 63.8% in the current year. However, the stock has declined 76.3% in price year-to-date.
Is HEXO a Buy Sell or Hold? HEXO has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.
Thereof, Is HEXO stock a good buy 2022?
Is HEXO Stock a good buy in 2022, according to Wall Street analysts? The consensus among 1 Wall Street analyst covering (NASDAQ: HEXO) stock is to Hold HEXO stock.
What is HEXO target price?
Stock Price Target HEXO
| High | $ 0.79 |
|---|---|
| Median | $ 0.59 |
| Low | $ 0.42 |
| Average | $ 0.60 |
| Current Price | $ 0.66 |
Who owns HEXO?
Largest shareholders include MJ – ETFMG Alternative Harvest ETF, Etf Managers Group, Llc, Scotia Capital Inc., Morgan Stanley, Renaissance Technologies Llc, Hudson Bay Capital Management LP, Mirae Asset Global Investments Co., Ltd., POTX – Global X Cannabis ETF, Susquehanna International Group, Llp, and Group One …
What is the outlook for canopy growth?
Stock Price Forecast
The 15 analysts offering 12-month price forecasts for Canopy Growth Corp have a median target of 7.10, with a high estimate of 13.41 and a low estimate of 5.52. The median estimate represents a +4.07% increase from the last price of 6.82.
How many outstanding shares does HEXO have?
Share Statistics
| Avg Vol (3 month) 3 | 2.81M |
|---|---|
| Shares Outstanding 5 | 425.5M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 398.75M |
| % Held by Insiders 1 | 3.27% |
Is HEXO American?
Company History
As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 2 million sq. ft of facilities in Ontario and Quebec. Incorporated in 2013 under the name The Hydropothecary Corporation, the company was created to meet the needs of the Canadian medical cannabis market.
What brands do HEXO own?
The Company serves Canadian adult-use market through its HEXO, HEXO Plus, Up, Bake Sale, Namaste, REUP and Original Stash brands, and the medical market through its HEXO brand. Its HEXO Plus brand offers tetrahydrocannabinol (THC) cannabis and terpene products.
Does HEXO sell in USA?
In May, Hexo announced plans to launch cannabis operations in the United States by way of a Colorado production facility owned by a U.S. subsidiary. That deal closed in June.
Is canopy growth a Buy Sell or Hold?
Canopy Growth has received a consensus rating of Hold. The company’s average rating score is 1.58, and is based on 1 buy rating, 5 hold ratings, and 6 sell ratings.
Can a canopy recover?
Recovery potential is weak but still present
A return to high double-digit revenue growth may lift Canopy Growth’s stock price. However, Wall Street analysts currently project a low and disheartening 13.9% revenue growth for the fiscal year 2022, which ends in March next year.
Is canopy growth in the US?
Canopy Growth management has focused on a strategy of absorbing financial losses short term in order to dramatically expand its operations and sales in the emerging recreational and medical cannabis markets in the U.S, Canada, and globally.
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What kind of company is HEXO?
HEXO Corp. is a Canada-based consumer packaged goods cannabis company, which creates and distributes products for the cannabis market. The Company is engaged in cultivating, processing, packaging and distributing cannabis products.
Is HEXO Corp legit?
Is HEXO a good company to work for? HEXO has an overall rating of 2.9 out of 5, based on over 69 reviews left anonymously by employees. 35% of employees would recommend working at HEXO to a friend and 37% have a positive outlook for the business.
Where is HEXO Corp located?
Under HEXO Corp, HEXO products are grown and processed in state-of-the-art facilities at our campus in Masson-Angers, Quebec, about 30 minutes from Ottawa.
What brands does Tilray?
Tilray Medical is dedicated to transforming lives and fostering dignity for patients in need through safe and reliable access to a global portfolio of medical cannabis brands, including Tilray, Aphria, Broken Coast, and Symbios.
What products does HEXO make?
Explore HEXO with a range of iconic flower strains, discreet capsules, and convenient vapes, including the HEXO FLVR lineup of flavour-first vapes. and HEXO Plus high potency flower, exclusive to Quebec. As a proud Canadian cannabis brand with Indigenous roots, Redecan is built on a strong foundation of family values.
Where is HEXO located?
HEXO is an adult-use cannabis brand based in Gatineau, Quebec. We focus on innovative, smoke-free and traditional cannabis products.
What companies does Canopy Growth own?
The company was renamed to Canopy Growth Corp. in September 2015 with two established brands: Tweed Inc. and Bedrocan Canada Corp. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Spectrum Cannabis., as well as newly acquired companies.
Is acreage holdings a good investment?
Acreage Holdings: The Bottom Line
The general consensus among analysts is that Acreage is well-positioned to support consolidation of what is now a highly-fragmented cannabis market, which promises strong growth in coming years. Of course, the risks that apply to any cannabis stock are in play here.
What companies does canopy growth own?
The company was renamed to Canopy Growth Corp. in September 2015 with two established brands: Tweed Inc. and Bedrocan Canada Corp. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Spectrum Cannabis., as well as newly acquired companies.
Who owns canopy growth?
Constellation Brands owns a 36% stake in Canopy Growth, according to FactSet.
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