HEXO Corp. [HEXO] Revenue clocked in at $187.30 million, down -71.76% YTD: What’s Next?


HEXO Corp. [NASDAQ: HEXO] slipped around -0.02 points on Friday, while shares priced at $0.20 at the close of the session, down -9.50%. The company report on July 12, 2022 that HEXO Completes Transactions With Tilray Brands, Creating a Strategic Alliance Between Two Canadian Cannabis Leaders.

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This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 2, 2022 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021.

The completed debt financing arrangement will act as a reset for HEXO, driving profitable growth and accelerating the Company’s transformation into a cash flow positive business.

HEXO Corp. stock is now -71.76% down from its year-to-date (YTD) trading value. HEXO Stock saw the intraday high of $0.2181 and lowest of $0.1967 per share. The company’s 52-week high price is 4.44, which means current price is +11.47% above from all time high which was touched on 03/25/22.

Compared to the average trading volume of 8.66M shares, HEXO reached a trading volume of 10083840 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]?

Canaccord Genuity have made an estimate for HEXO Corp. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on March 04, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $1.07 to $0.53. The new note on the price target was released on January 27, 2022, representing the official price target for HEXO Corp. stock.

The Average True Range (ATR) for HEXO Corp. is set at 0.02, with the Price to Sales ratio for HEXO stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 0.02.

How has HEXO stock performed recently?

HEXO Corp. [HEXO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.89. With this latest performance, HEXO shares dropped by -5.42% in over the last four-week period, additionally sinking by -65.03% over the last 6 months – not to mention a drop of -95.35% 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 42.55, with the RSI for the last a single of trading hit 44.16, and the three-weeks RSI is set at 40.44 for HEXO Corp. [HEXO]. The present Moving Average for the last 50 days of trading for this stock 0.2358, while it was recorded at 0.2067 for the last single week of trading, and 0.7071 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 -76.71 and a Gross Margin at -8.76. HEXO Corp.’s Net Margin is presently recorded at -92.72.

Return on Total Capital for HEXO is now -10.13, given the latest momentum, and Return on Invested Capital for the company is -16.25. Return on Equity for this stock declined to -17.88, with Return on Assets sitting at -11.45. When it comes to the capital structure of this company, HEXO Corp. [HEXO] has a Total Debt to Total Equity ratio set at 68.23. Additionally, HEXO Total Debt to Total Capital is recorded at 40.56, with Total Debt to Total Assets ending up at 37.98. Long-Term Debt to Equity for the company is recorded at 10.30, with the Long-Term Debt to Total Capital now at 6.12.

Reflecting on the efficiency of the workforce at the company, HEXO Corp. [HEXO] managed to generate an average of -$89,868 per employee. Receivables Turnover for the company is 2.84 with a Total Asset Turnover recorded at a value of 0.12.HEXO Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.

Insider trade positions for HEXO Corp. [HEXO]

There are presently around $16 million, or 18.03% 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 30,883,178, which is approximately 30.003% of the company’s market cap and around 3.27% of the total institutional ownership; HUDSON BAY CAPITAL MANAGEMENT LP, holding 27,347,535 shares of the stock with an approximate value of $5.39 million in HEXO stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $2.3 million in HEXO stock with ownership of nearly 188.741% of the company’s market capitalization.

Positions in HEXO Corp. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 33 institutional holders increased their position in HEXO Corp. [NASDAQ:HEXO] by around 38,027,481 shares. Additionally, 47 investors decreased positions by around 33,226,119 shares, while 40 investors held positions by with 10,007,118 shares. The mentioned changes placed institutional holdings at 81,260,718 shares, according to the latest SEC report filing. HEXO stock had 7 new institutional investments in for a total of 140,423 shares, while 19 institutional investors sold positions of 7,292,458 shares during the same period.