Sunday, February 28, 2021

HEXO Corp. [HEXO] is 79.89% higher this YTD. Is it still time to buy?

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HEXO Corp. [NYSE: HEXO] jumped around 0.51 points on Tuesday, while shares priced at $6.62 at the close of the session, up 8.35%. The company report on January 21, 2021 that European Union Intellectual Property Office grants Powered by HEXO registered trademark status.

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HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) is pleased to announce that following a two-year process, its trademark Powered by HEXO has been registered with the European Union Intellectual Property Office.


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“Receiving registered trademark status in the EU supports our ongoing Powered by HEXO strategy and enhances the global value of our brand,” said HEXO CEO and co-founder Sebastien St-Louis. “This includes supporting current joint-venture partners, if they choose to enter the European market, along with other potential non-beverage CPG partners with whom we are in ongoing discussions.”.

HEXO Corp. stock is now 79.89% up from its year-to-date (YTD) trading value. HEXO Stock saw the intraday high of $7.00 and lowest of $6.23 per share. The company’s 52-week high price is 7.82, which means current price is +84.92% above from all time high which was touched on 01/15/21.

Compared to the average trading volume of 7.29M shares, HEXO reached a trading volume of 9363823 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about HEXO Corp. [HEXO]?

Stifel have made an estimate for HEXO Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 16, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for HEXO Corp. stock.

The Average True Range (ATR) for HEXO Corp. is set at 0.55

How has HEXO stock performed recently?

HEXO Corp. [HEXO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.97. With this latest performance, HEXO shares gained by 56.50% in over the last four-week period, additionally plugging by 136.43% over the last 6 months – not to mention a rise of 24.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HEXO stock in for the last two-week period is set at 66.51, with the RSI for the last a single of trading hit 64.37, and the three-weeks RSI is set at 66.75 for HEXO Corp. [HEXO]. The present Moving Average for the last 50 days of trading for this stock 4.45, while it was recorded at 6.63 for the last single week of trading, and 3.19 for the last 200 days.

HEXO Corp. [HEXO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HEXO Corp. [HEXO] shares currently have an operating margin of -244.85 and a Gross Margin at -120.50. HEXO Corp.’s Net Margin is presently recorded at -676.48.

Return on Total Capital for HEXO is now -26.97, given the latest momentum, and Return on Invested Capital for the company is -76.72. Return on Equity for this stock declined to -81.50, with Return on Assets sitting at -69.55. When it comes to the capital structure of this company, HEXO Corp. [HEXO] has a Total Debt to Total Equity ratio set at 15.91. Additionally, HEXO Total Debt to Total Capital is recorded at 13.72, with Total Debt to Total Assets ending up at 12.70. Long-Term Debt to Equity for the company is recorded at 9.64, with the Long-Term Debt to Total Capital now at 8.31.

Reflecting on the efficiency of the workforce at the company, HEXO Corp. [HEXO] managed to generate an average of -$684,823 per employee. Receivables Turnover for the company is 1.91 with a Total Asset Turnover recorded at a value of 0.10.

Insider trade positions for HEXO Corp. [HEXO]

There are presently around $72 million, or 9.93% of HEXO stock, in the hands of institutional investors. The top three institutional holders of HEXO stocks are: ETF MANAGERS GROUP, LLC with ownership of 8,845,262, which is approximately 64.527% of the company’s market cap and around 5.21% of the total institutional ownership; MORGAN STANLEY, holding 293,845 shares of the stock with an approximate value of $1.95 million in HEXO stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $1.94 million in HEXO stock with ownership of nearly 29.835% of the company’s market capitalization.

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Positions in HEXO Corp. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 45 institutional holders increased their position in HEXO Corp. [NYSE:HEXO] by around 4,224,004 shares. Additionally, 49 investors decreased positions by around 1,525,110 shares, while 26 investors held positions by with 5,054,991 shares. The mentioned changes placed institutional holdings at 10,804,105 shares, according to the latest SEC report filing. HEXO stock had 23 new institutional investments in for a total of 179,172 shares, while 21 institutional investors sold positions of 161,206 shares during the same period.

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