In recent trading session, HEXO Corp. (NASDAQ:HEXO) saw 1.72 million shares changing hands at last check today with its beta currently measuring 1.95. Company’s recent per share price level of $0.64 trading at -$0.03 or -4.31% at last check today assigns it a market valuation of $300.42M. That most recent trading price of HEXO’s stock is at a discount of -1625.0% from its 52-week high price of $11.04 and is indicating a discount of 0.0% from its 52-week low price of $0.64. Taking a look at company’s average trading volume of 10.16 million if we extend that period to 3-months.
HEXO Corp. (NASDAQ:HEXO) trade information
Upright in the red during last session for losing -4.31%, in the last five days HEXO remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $0.64 price level, adding 7.91% to its value on the day. HEXO Corp.’s shares saw a change of -4.29% in year-to-date performance and have moved -0.21% in past 5-day. HEXO Corp. (NASDAQ:HEXO) showed a performance of -30.92% in past 30-days.
HEXO Corp. (HEXO) estimates and forecasts
Statistics highlight that HEXO Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -85.17% of value to its shares in past 6 months, showing an annual growth rate of 24.44% while that of industry is 13.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 98.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $49.33 million for the same. And 5 analysts are in estimates of company making revenue of $51.11 million in the next quarter that will end on Apr 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.40% during past 5 years.
HEXO Corp. is more likely to be releasing its next quarterly report between March 16 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
HEXO Corp. (NASDAQ:HEXO)’s Major holders
Insiders are in possession of 3.51% of company’s total shares while institution are holding 14.57 percent of that, with stock having share float percentage of 15.10%. Investors also watch the number of corporate investors in a company very closely, which is 14.57% institutions for HEXO Corp. that are currently holding shares of the company. ETF Managers Group, LLC is the top institutional holder at HEXO for having 13.22 million shares of worth $24.32 million. And as of Sep 29, 2021, it was holding 4.25% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 5.35 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 1.72% of outstanding shares, having a total worth of $9.85 million.
On the other hand, ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 13.22 million shares of worth $24.32 million or 4.25% of the total outstanding shares. The later fund manager was in possession of 1.8 million shares on Oct 30, 2021, making its stake of worth around $2.65 million in the company or a holder of 0.58% of company’s stock.