113 institutions hold shares in HEXO Corp. (HEXO), with 6.36M shares held by insiders accounting for 5.21% while institutional investors hold 10.47% of the company’s shares. The shares outstanding are 122.16M, and float is at 115.82M with Short Float at 6.86%. Institutions hold 9.93% of the Float.
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The top institutional shareholder in the company is ETF Managers Group, LLC with over 8.85 million shares valued at $23.32 million. The investor’s holdings represent 7.24% of the HEXO Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 0.64 million shares valued at $2.35 million to account for 0.52% of the shares outstanding. The other top investors are Mirae Asset Global Investments Co., Ltd. which holds 0.51 million shares representing 0.42% and valued at over $1.88 million, while Bank of America Corporation holds 0.38% of the shares totaling 0.46 million with a market value of $1.69 million.
HEXO Corp. (NYSE: HEXO) is 119.02% higher on its value in year-to-date trading and has touched a low of $1.38 and a high of $11.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HEXO stock was last observed hovering at around $7.74 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $5.47 for the next 12 months. It is also 26.99% off the consensus price target high of $11.04 offered by 13 analysts, but current levels are -266.36% lower than the price target low of $2.20 for the same period.
Currently trading at $8.06, the stock is 6.40% and 38.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.22 million and changing 4.13% at the moment leaves the stock 120.62% off its SMA200. HEXO registered 39.93% gain for a year compared to 6-month gain of 179.09%. The firm has a 50-day simple moving average (SMA 50) of $6.88 and a 200-day simple moving average (SMA200) of $4.07.
The stock witnessed a 15.31% loss in the last 1 month and extending the period to 3 months gives it a 166.57%, and is 3.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.32% over the week and 12.00% over the month.
Distance from 52-week low is 483.21% and -26.99% from its 52-week high.
HEXO Corp. (HEXO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for HEXO Corp. (HEXO) is a “Hold”. 13 analysts offering their recommendations for the stock, where 10 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
HEXO Corp. is expected to release its quarterly report on 06/17/2021..