|Bid||5.59 x 0|
|Ask||5.60 x 0|
|Day's Range||5.52 - 5.65|
|52 Week Range||4.11 - 11.29|
|Beta (3Y Monthly)||4.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The cannabis industry has been in the spotlight this year, and now the FBI is investigating allegations of corruption in this nascent industry.
The big shareholder groups in HEXO Corp. (TSE:HEXO) have power over the company. Institutions will often hold stock in...
Overall, the cannabis sector was weak in the first ten days of July. There was a stream of negative news about the sector. Earlier this week, CannTrust (CTST) reported that Health Canada found non-compliant operations at one of its facilities. According to the press release issued by CannTrust, the company was growing cannabis in rooms […]
HEXO Corp (NYSE: HEXO ) (TSX:HEXO) announced Thursday it has gained approval from the New York Stock Exchange to transfer the listing of its common shares to NYSE from NYSE American LLC. The company expects ...
Illinois became the most recent state to legalize recreational marijuana on Tuesday. The legalization of recreational cannabis was a campaign promise of Illinois Governor J.B. Pritzker.
With more and more international markets opening for the cannabis sector, Canadian players are looking to expand into those markets and leverage their expertise to rapidly capture the market share. Companies such as Aurora Cannabis (ACB) are establishing their market in the European medical segment along with Canopy Growth (WEED).
Yesterday, HEXO (HEXO) ended the day about 4.5% lower after Oppenheimer cut the company’s rating to “perform” from its previous “outperform” rating. HEXO was one of the best performers among the Canadian cannabis companies with a YTD return of 53%, which is still impressive when compared with Tilray (TLRY), which is in the negative territory YTD.
In the week ending June 21, Tilray (TLRY) was among the biggest gainers in the cannabis sector. Tilray stock gained as much as 29.3% from the closing in the week ending June 14.
Innovative Industrial Properties' forward EV-to-sales multiple increased to 20.8x in June. The stock was trading at a significant premium to the peer median of 5.8x.
HEXO (HEXO) and Innovative Industrial Properties were both trading at a premium to the peer median at 27x and 23x, respectively. Innovative Industrial Properties (IIPR) continued to show strength.
On June 17, CIBC lowered its ratings for HEXO (HEXO) to "neutral" from its previous "outperform" rating. This move came after HEXO missed earnings expectations on June 12.
Investors sold off HEXO (HEXO) after the company reported lower-than-expected earnings on June 12. The stock has lost nearly 15% since then. After a sell-off, investors often ask whether it is a good time to buy more of the company's stock.
Weakness in the cannabis sector continued last week, especially after HEXO (HEXO) reported its earnings on June 12. HEXO's earnings largely disappointed the market, and the stock plunged almost 16% in the following days. HEXO's YTD returns stood at 59% as of June 14 despite the sell-off after its earnings.
A handful of components have carved bullish patterns despite these headwinds, exhibiting resilience that predicts higher prices once the broad market stabilizes and finds a trading floor. Market players can find these top performers by sorting a small-cap or low-priced stock list by relative positioning above the 200-day exponential moving average (EMA).
Cannabis Stocks Continued to Drift Lower Last Week(Continued from Prior Part)Cannabis stocks dragged downLast week, cannabis stocks were trading largely in the negative territory, with just a handful of stocks experiencing positive momentum.Emerald
HEXO's Target Price Gets an Upgrade in May(Continued from Prior Part)HEXO’s valuationHEXO closed at 8.9 Canadian dollars on May 23, far from 7.8 Canadian dollars at the beginning of the year. With a return of more than 80%, the stock has received
HEXO's Target Price Gets an Upgrade in MayHEXO has outperformedInvestors closely following the cannabis industry know that HEXO (HEXO) is one of the best-performing stocks in the sector. The company has returned ~87% since the start of this year,
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Forward EV-to-EBITDAEBITDA (earnings before interest, tax, depreciation, and amortization), a measure of core earnings for a company, has been in the red for most cannabis
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)HEXOHEXO (HEXO) has been a star stock within the cannabis sector with returns of almost 96% YTD as of the date of this writing. In comparison, the Horizons Marijuana Life
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Investing in the cannabis sectorThe cannabis sector has had its ups and downs in the past month. The trend has mostly been flat to downwards-trending for most of the
Aphria Stock Rises on Cultivation License in Germany(Continued from Prior Part)Cannabis stocks gainToday, the cannabis sector was making positive moves after last week was fraught with pessimism due to trade tensions. HEXO (HEXO) was up 1.3% while
If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly...