Pot Stock Drops 2.6% Monday; What Do Analysts Think The Future Is For Hexo Corp (HEXO)?

Monday, April 25, 2022 02:50 PM | InvestorsObserver Analysts

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Pot Stock Drops 2.6% Monday; What Do Analysts Think The Future Is For Hexo Corp (HEXO)?

HEXO stock is lower by 2.6% Monday as the pot stock decreases $0.01 and underperforms the market. Wall Street is positive on Hexo Corp (HEXO). On average, analysts give HEXO a Buy rating. The average price target is $2.403, which means analysts expect the stock to climb by 472.14% over the next twelve months. That average ranking earns HEXO an Analyst Rating of 15, which is better than 15% of stocks based on data compiled by InvestorsObserver.

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!

See Full HEXO Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Hexo Corp Stock Today?

Hexo Corp (HEXO) stock is trading at $0.42 as of 2:40 PM on Monday, Apr 25, a decline of -$0.01, or -2.6% from the previous closing price of $0.43. The stock has traded between $0.40 and $0.43 so far today. Volume today is below average. So far 5,553,765 shares have traded compared to average volume of 8,055,575 shares. Click Here to get the full Stock Report for Hexo Corp stock.