Market cap of HEXO Corp. Common Shares [HEXO] reaches 479.85M – now what?

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HEXO Corp. Common Shares [NASDAQ: HEXO] jumped around 0.03 points on Tuesday, while shares priced at $2.46 at the close of the session, up 1.23%. The company report on August 30, 2021 that HEXO announces closing of Redecan transaction.

HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) is pleased to announce completion of the previously announced acquisition of all of the outstanding shares of the entities that carry on the business of Redecan, Canada’s largest privately-owned licensed producer (the “Transaction”). At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain customary closing adjustments) and delivered 69.7 million newly issued common shares of HEXO (the “Consideration Shares”).


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“This is an exciting day for HEXO and Redecan employees, investors, consumers and stakeholders,” said HEXO CEO and co-founder Sebastien St-Louis. “The completion of this transaction is aligned with our corporate growth strategy and will further strengthen our position as a leader in the Canadian cannabis industry, bolstering the combined company as we look towards becoming a top three global cannabis products company and continue on the path towards positive EPS.”.

HEXO Corp. Common Shares stock is now -33.15% down from its year-to-date (YTD) trading value. HEXO Stock saw the intraday high of $2.5278 and lowest of $2.4106 per share. The company’s 52-week high price is 11.04, which means current price is +7.42% above from all time high which was touched on 02/10/21.

Compared to the average trading volume of 5.03M shares, HEXO reached a trading volume of 9544406 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. Common Shares [HEXO]?

BMO Capital Markets have made an estimate for HEXO Corp. Common Shares shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 22, 2021. The new note on the price target was released on February 17, 2021, representing the official price target for HEXO Corp. Common Shares stock.

The Average True Range (ATR) for HEXO Corp. Common Shares is set at 0.22, with the Price to Sales ratio for HEXO stock in the period of the last 12 months amounting to 4.28. The Price to Book ratio for the last quarter was 0.57.

How has HEXO stock performed recently?

HEXO Corp. Common Shares [HEXO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.91. With this latest performance, HEXO shares dropped by -37.88% in over the last four-week period, additionally sinking by -64.86% over the last 6 months – not to mention a drop of -14.49% 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 22.56, with the RSI for the last a single of trading hit 22.02, and the three-weeks RSI is set at 24.55 for HEXO Corp. Common Shares [HEXO]. The present Moving Average for the last 50 days of trading for this stock 4.18, while it was recorded at 2.47 for the last single week of trading, and 5.55 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and HEXO Corp. Common Shares [HEXO] shares currently have an operating margin of -244.85 and a Gross Margin at -120.50. HEXO Corp. Common Shares’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. Common Shares [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. Common Shares [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.HEXO Corp. Common Shares’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 3.60.

Insider trade positions for HEXO Corp. Common Shares [HEXO]

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Positions in HEXO Corp. Common Shares stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 59 institutional holders increased their position in HEXO Corp. Common Shares [NASDAQ:HEXO] by around 12,834,117 shares. Additionally, 46 investors decreased positions by around 1,823,186 shares, while 32 investors held positions by with 11,951,779 shares. The mentioned changes placed institutional holdings at 26,609,082 shares, according to the latest SEC report filing. HEXO stock had 33 new institutional investments in for a total of 7,080,108 shares, while 25 institutional investors sold positions of 501,688 shares during the same period.

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