62.7 F
New York
Wednesday, October 21, 2020

HEXO Corp. (NYSE:HEXO) is Holding Steady

Must read

Tencent Music Entertainment Group (NYSE:TME) is Holding Steady

Tencent Music Entertainment Group (TME) shares are trading at lower $14.01 and the avg recommendation for the stock is Moderate Buy, while the current...

The Forecast Just Changed on First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver Corp. (AG) shares are trading at higher $10.83 and the avg recommendation for the stock is Moderate Buy, while the current...

China Index Holdings Limited (NASDAQ:CIH) Recent Earnings Shows Major Promise

China Index Holdings Limited (CIH) shares are trading at higher $1.90. To add more color to this target, the company’s high over the last...

Tapestry Inc. (NYSE:TPR) is Waving the Bull Flag

Tapestry Inc. (TPR) shares are trading at higher $20.48 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

HEXO Corp. (HEXO) shares are trading at higher $0.75.

To add more color to this target, the company’s high over the last year is $3.79 and the low is $0.35. Over the last 52 weeks, HEXO is down -79.62% while the S&P 500 is up 18.03%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

Find out when HEXO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HEXO has a short ratio of 3.74 and outstanding shares of 480.72M.

Company Outlook

All told, HEXO Corp. HEXO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HEXO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

HEXO Corp. HEXO is now commanding a market cap of 360.54M and a float of 325.82M. HEXO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HEXO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HEXO, either long or short, and we have not been compensated for this article.

Latest article

BioCryst Pharmaceuticals Inc. (NASDAQ:BCRX) is Gaining Momentum on Earnings Catalyst

BioCryst Pharmaceuticals Inc. (BCRX) shares are trading at lower $3.51 and the avg recommendation for the stock is Moderate Buy. To add more color...

The Rejuvenation of L Brands Inc. (NYSE:LB)

L Brands Inc. (LB) shares are trading at lower $33.06 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

HEXO Corp. (NYSE:HEXO) Recent Earnings Shows Major Concern

HEXO Corp. (HEXO) shares are trading at lower $0.77. To add more color to this target, the company’s high over the last year is...

The Unprecedented Rise of Mondelez International Inc. (NASDAQ:MDLZ)

Mondelez International Inc. (MDLZ) shares are trading at lower $56.98 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Antero Midstream Corporation (NYSE:AM) Finding Zero Support

Antero Midstream Corporation (AM) shares are trading at lower $6.50 and the avg recommendation for the stock is Hold, while the current analyst price...