Pot Stock Hexo Corp (HEXO) Drops 2.72% Tuesday; Analysts Call It A Buy, Are They Wrong?

Tuesday, September 07, 2021 01:59 PM | InvestorsObserver Analysts

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Pot Stock Hexo Corp (HEXO) Drops 2.72% Tuesday; Analysts Call It A Buy, Are They Wrong?

HEXO stock is lower by 2.72% Tuesday as the pot stock decreases $0.07 and underperforms the market. Analysts who follow Hexo Corp (HEXO) on average expect it to increase 117.30% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 13, which means it ranks higher than 13 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?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Hexo Corp Stock Today?

Hexo Corp (HEXO) stock is trading at $2.33 as of 1:58 PM on Tuesday, Sep 7, a drop of -$0.07, or -2.72% from the previous closing price of $2.39. The stock has traded between $2.32 and $2.42 so far today. Volume today is less active than usual. So far 5,457,714 shares have traded compared to average volume of 7,346,421 shares. Click Here to get the full Stock Report for Hexo Corp stock.