Stock Price Target HEXO
| High | $ 0.79 |
|---|---|
| Median | $ 0.59 |
| Low | $ 0.42 |
| Average | $ 0.60 |
| Current Price | $ 0.66 |
Similarly, 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.
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 …
Thereof, What is HEXO stock future?
Stock Price Forecast
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 +12.71% increase from the last price of 0.53.
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% |
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.
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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 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.
Why did CGC stock drop?
Employees inspect and sort marijuana buds for packaging at the Canopy Growth facility in Smith Falls, Ontario, Canada. Canopy Growth shares fell sharply Monday after Piper Sandler downgraded stock of the cannabis product company as sales trends remain under pressure across its businesses.
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.
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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.
What brands does HEXO own?
Company History
The Company serves the Canadian adult-use markets under its HEXO, HEXO Plus, Up, Original Stash and Bake Sale brands and the medical market under HEXO medical cannabis. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 2 million sq.
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.
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.
Should I buy CGC Stockinvest?
Canopy Growth Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Is there any hope for Canopy Growth?
Canopy has been seeing declining revenue the last few quarters. Investors hope 2022 could be brighter for the company.
What is wrong with Canopy Growth?
In the trailing 12 months, Canopy Growth has incurred a loss of more than 1.2 billion Canadian dollars. Its operating loss of CA$591 million during that period is nowhere near breakeven. It has burned through CA$437 million in cash from its day-to-day operating activities.
Does US sell Canopy Growth?
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.
What brands does Aurora own?
About Aurora Cannabis Inc
The Company’s portfolio of brands includes Aurora, Aurora Drift, San Rafael ’71, Daily Special, MedReleaf, CanniMed, Whistler, Reliva and KG7 CBD.
Who backs Canopy Growth?
Constellation Brands owns a 36% stake in Canopy Growth, according to FactSet.
Does canopy grow BioSteel?
Last year, Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) reported a major development and acquired a majority ownership stake in BioSteel Sports Nutrition, a leading producer of sports nutrition products.
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