TSE:HEXO

0.88
0.01 (1.15%) 1d
0

Related posts

TSX flat, Wall Street fadesMarkets extend rally amid Russian invasionWorld markets sell on Russian aggression
WATCH
Hexo Corp
Has diversified into other areas than straight flower production. Focusing on the US for cannabis. HEXO will survive in Canada. Has not seen much this year. There will be an acceleration soon. Has a dominant position in Quebec. Would look at buying into it.
0
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Hexo Corp
Weed stocks have been enjoying a resurgence after plummeting after Canadian legalization in October 2018. The driver, of course, is American legalization, happening state-by-state but definitely moving forward after the Democrats took the White House last November. While several names are buying candidates, from Canopy to Curaleaf, Hexo has soared 84% so far this year and yet it's still well off its 52-week highs. Such is the volatility of cannabis stocks, but investors liked Hexo's purchase of Redecan, a private Canadian company, which is widely expected to make Hexo the adult-use market leader in Canada, including Ontario and Quebec. Investors also liked Hexo's deal with 48North Cannabis Corp. which sees Hexo gobbling up their outstanding common shares. Recent earnings indicate a quarterly loss of $-0.05 EPS, but a 68.8% jump YOY with revenues even higher. The cannabis biz is still consolidating, but Hexo's recent deals have been savvy and pave the way to a bright future. The run-up in shares, however, warrants a partial buy to take advantage of sector volatility. The street targets $10.59 or 22% upside based on six holds and two buys.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Hexo Corp
(A Top Pick Dec 15/20, Up 36.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HEXO has triggered its stop at $7.50. To be disciplined, we recommend covering the position. Combined with the previous recommendation to cover 50%, this will create a net investment return of 36%.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Hexo Corp
(A Top Pick Dec 15/20, Up 59.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HEXO has been progressing well. We are now recommending to trail up the stop to $7.50 (from $4.50), where we recommended covering 50% of the position previously. If triggered, this would ensure a minimum investment return exceeding 36%.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Hexo Corp
(A Top Pick Dec 15/20, Up 36.8%)Stockchase Research Editor: Michael O'Reilly Following a 4:1 stock consolidation last month, which effectively made our recommended acquisition cost be $5.48, our PAST TOP PICK with HEXO has achieved its equivalent target of $7.50. We are recommending to cover 50% of the position to remain disciplined. We are also suggesting to trail up the stop to $4.50.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Hexo Corp
Stockchase Research Editor: Michael O'Reilly HEXO is a Canadian cannabis grower. Not the largest, but positioned as a key player in Quebec, which is moving towards opening more outlets. Now that issues of market oversupply and cash burn are being worked out in the Canadian market, the space is looking more positive. Revenue for the company is up over 100% over the year. Margins at 39% continue improving every quarter. Although not profitable yet, the company sits on over $150 million in cash. We would buy this with a stop-loss at $0.85, looking to target $1.85 -- over 35% upside. Yield 0% (Analysts’ price target is $1.60)
0
DON'T BUY
Hexo Corp

Careful buying any weed stocks. Hard to get a handle on valuations here. Hexo has a deal with Molson-Coors to produce a cannabis beverage. No weed company is attractive. He'd rather buy a Canadian or American bank which hold real value.

0
BUY
Hexo Corp

They each have their own strengths. He would pick Canopy (WEED-T) because they are the 800 lb gorilla. Aurora has lots of news about balance sheet challenges but they have low costs that he thinks will still come down further.

0
DON'T BUY
Hexo Corp
He avoids the cannabis space now. (He owned some early on.) The market here is too small here. He's keeping tabs on some names. It's still tax-loss selling now. He needs to see how these companies will be profitable. He'd rather buy the US weed stocks--a bigger market there. Avoid this space.
0
PAST TOP PICK
Hexo Corp
(A Top Pick May 10/18, Up 42%) They've executed on time and on budget. Watch them when the derivatives market rolls out in October. They have a big supply deal for Quebec. A strong take-out candidate.
0
HOLD
Hexo Corp
He owns a little along with warrants. They have a better valuation than some of the bigger players. They specialize in sprays and edible marijuana. He would be cautious about this space though. (Analysts’ price target is $11.50)
0
PAST TOP PICK
Hexo Corp
(A Top Pick May 10/18, Up 112%) It was flying under the radar last year, but then they struck a supply deal with Quebec. They continue to execute well. They're looking for a new CFO as they enter a major production phase.
0
DON'T BUY
Hexo Corp
He does not cover the marijuana sector specifically but he does follow the sector. Generally, their revenues have been coming in far below guidance. They are priced on very high expectations. Need to be careful in this space. He expects there could be a lot more volatility.
0
SELL ON STRENGTH
Hexo Corp
Definitely not a buy and hold, but a trader stock. It has a good chance of returning to its past high of $9-10. Because of recent extreme highs and lows, shareholders who bought this high will sell-off when HEXO returns to its past high in order to break even. Sell it at $9.
0
COMMENT
Hexo Corp

Will it listing in the US change the price? They announced they will be on the US exchange shortly. Pricing will adjust for US/CAD exchange.

0
Showing 1 to 15 of 27 entries

Hexo Corp(HEXO-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Hexo Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hexo Corp(HEXO-T) Frequently Asked Questions

What is Hexo Corp stock symbol?

Hexo Corp is a Canadian stock, trading under the symbol HEXO-T on the Toronto Stock Exchange (HEXO-CT). It is usually referred to as TSX:HEXO or HEXO-T

Is Hexo Corp a buy or a sell?

In the last year, there was no coverage of Hexo Corp published on Stockchase.

Is Hexo Corp a good investment or a top pick?

Hexo Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Hexo Corp.

Why is Hexo Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Hexo Corp worth watching?

0 stock analysts on Stockchase covered Hexo Corp In the last year. It is a trending stock that is worth watching.

What is Hexo Corp stock price?

On 2023-06-26, Hexo Corp (HEXO-T) stock closed at a price of $0.88.