Pot Stock Hexo Corp (HEXO) Surges 2.02% Tuesday; Analysts Call It A Buy, Are They Wrong?

Tuesday, March 22, 2022 12:50 PM | InvestorsObserver Analysts

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Pot Stock Hexo Corp (HEXO) Surges 2.02% Tuesday; Analysts Call It A Buy, Are They Wrong?

Pot stock Hexo Corp is higher by 2.02% Tuesday. Analysts who follow Hexo Corp (HEXO) on average expect it to add 320.34% 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 20, which means it ranks higher than 20 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?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Hexo Corp Stock Today?

Hexo Corp (HEXO) stock is trading at $0.59 as of 12:37 PM on Tuesday, Mar 22, a rise of $0.01, or 2.02% from the previous closing price of $0.58. The stock has traded between $0.57 and $0.61 so far today. Volume today is below average. So far 2,969,420 shares have traded compared to average volume of 6,327,776 shares. Click Here to get the full Stock Report for Hexo Corp stock.