HEXO Corp. (HEXO): Year-to-date performance of HEXO is negative

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HEXO Corp. (NYSE:HEXO) changes shares on Thursday trading session, with a change of -0.75% or $0.0 shares. The trading starts at $0.70 and closed at $0.70 throughout the day. The trading session low price was $0.68 and day high was $0.7006 on Thursday, August 06. After the session, the Healthcare sector daily volume shifted to 5.42 million while its average volume is 18.15M. In other hand, the HEXO market cap reached to $311.51M.

On July 9, 2020, BRIEF-Hexo Launches Medical Cannabis Products In Israel. According to the news reported on Reuters, * HEXO LAUNCHES MEDICAL CANNABIS PRODUCTS IN ISRAEL Source text for Eikon: Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.34% and up 0.43% for month. Its quarterly performance was 35.83% above, while its half year performance is down -47.18%. HEXO yearly performance stood at negative -84.05% and fall -56.15% for year-to-date.

Let’s take a look on the analyst recommendations on HEXO for the current month and previous month. For the current month, 1 of 14 analysts recommend stock as Buy while 5 as Sell, 0 as overweight, 0 as underweight and 8 as Hold. As compared with the previous month ratings, 15 analysts participate in stock recommendation. Out of 15, 7 rated it sell, 1 rated it as Buy and 7 as Hold Ratings. On the other hand, target price ranges from $0.55 – $1.84. Average target price for HEXO was reached at $0.91.

The insider ownership moved to 5.83% and institutional holding shifted to 13.61%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HEXO fall -41.56% for period of 200 days. SMA for 50 days was -8.79% which is showing red signal, while SMA-20 was -3.13%. The moving average value for HEXO Corp. (HEXO) is 0.8459 and 0.7424 for 200 and 50 days respectively.