Hexo Corp (HEXO) Falls Thursday, But Analysts Are Neutral: Will This Pot Stock Take Off?

Thursday, June 09, 2022 01:37 PM | InvestorsObserver Analysts

Mentioned in this article

Hexo Corp (HEXO) Falls Thursday, But Analysts Are Neutral: Will This Pot Stock Take Off?

Hexo Corp is a player in the cannabis industry that is lower by 2% Thursday. InvestorsObserver is giving Hexo Corp (HEXO) an Analyst Rating Rank of 5, meaning HEXO is ranked higher by analysts than 5% of stocks. The average price target for HEXO is $2.403 and analyst’s rate the stock as a Hold.

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

See Full HEXO Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Hexo Corp Stock Today?

Hexo Corp (HEXO) stock is trading at $0.27 as of 1:34 PM on Thursday, Jun 9, a loss of -$0.01, or -2% from the previous closing price of $0.28. The stock has traded between $0.26 and $0.28 so far today. Volume today is below average. So far 2,363,435 shares have traded compared to average volume of 7,421,345 shares. Click Here to get the full Stock Report for Hexo Corp stock.