As of Friday close, HEXO Corp.’s (NASDAQ:HEXO) stock was down -$0.01, moving down -1.05 percent to $0.26. The average number of shares traded per day over the past five days has been 10,101,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0825 fall in that time frame. In the last twenty days, the average volume was 8,102,665, while in the previous 50 days, it was 7,784,098.
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Since last month, HEXO stock retreated -51.79%. Shares of the company fell to $0.2470 on 05/12/22, the lowest level in the past month. A 52-week high of $7.55 was reached on 03/25/22 after having rallying from a 52-week low of $0.25. Since the beginning of this year, HEXO’s stock price has dropped by -62.09% or -$0.4338, and marked a new high 3 times. However, the stock has declined by -96.49% since its 52-week high.
The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 0.83, the price-to-book (PB) ratio of 0.20.
In the three months ended October 30, HEXO Corp.’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 0.09, and the total debt-to-equity ratio was 0.85. On the profitability front, the trailing twelve-month gross margin is -21.60% percent. Based on annual data, HEXO earned $38.33 million in gross profit and brought in $97.21 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.90%. Return on equity (ROE) for the past 12 months was -131.70%.
In HEXO Corp.’s quarter-end financial report for October 30, it reported total debt of $0.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected HEXO Corp. to report -$0.08 quarterly earnings, the actual figure was -$0.36 per share. During the quarter, the company generated -$28.18 million in EBITDA. The liabilities of HEXO Corp. were 401.2 million at the end of its most recent quarter ended October 30, and its total debt was $407.84 million.
This quick technical analysis looks at HEXO Corp.’s (HEXO) price momentum. With a historical volatility rate of 33.94%, the RSI 9-day stood at 10.66% on 13 May.
With respect to its five-day moving average, the current HEXO Corp. price is down by -23.75% percent or -$0.0825. At present, HEXO shares trade -49.71% below its 20-day simple moving average and -66.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.93% below its SMA50 and -93.44% below its SMA200.
Stochastic coefficient K was 7.95% and Stochastic coefficient D was 6.39%, while ATR was 0.0347. Given the Stochastic reading of 9.53% for the 14-day period, the RSI (14) reading has been calculated as 17.98%. As of today, the MACD Oscillator reading stands at -0.0521, while the 14-day reading stands at -0.0803.
Canaccord Genuity upgraded its rating on HEXO Corp. (NASDAQ: HEXO) to a Speculative buy in a note to investors on March 04, 2022. The analysts firm previously had a Hold rating on the stock.HEXO Corp. (HEXO) has been rated Hold by analysts. According to 1 brokerage firm, HEXO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate HEXO Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.59, the current consensus forecast for the stock is $0.42 – $0.79. Based on these forecasts, analysts predict HEXO Corp. (HEXO) will achieve an average price target of $0.60.