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Cannabis Stock Drops 3.78% Monday; What Do Analysts Think The Future Is For Hexo Corp (HEXO)?

Monday, March 07, 2022 03:51 PM | InvestorsObserver Analysts

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Cannabis Stock Drops 3.78% Monday; What Do Analysts Think The Future Is For Hexo Corp (HEXO)?

Cannabis stock Hexo Corp is lower by 3.78% Monday. Wall Street is neutral on Hexo Corp (HEXO). On average, analysts give the stock a Buy rating. The average price target is $2.472, which means analysts expect the stock to rise by 349.45% over the next twelve months. That average ranking earns the stock an Analyst Rating of 12, which is better than 12% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.3
Wall Street analysts are rating HEXO a Buy today. Find out what this means to you and get the rest of the rankings on HEXO!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Hexo Corp Stock Today?

Hexo Corp (HEXO) stock is trading at $0.55 as of 3:50 PM on Monday, Mar 7, a loss of -$0.02, or -3.78% from the previous closing price of $0.57. The stock has traded between $0.55 and $0.58 so far today. Volume today is below average. So far 4,311,104 shares have traded compared to average volume of 8,900,722 shares. Click Here to get the full Stock Report for Hexo Corp stock.

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