Timing, Fundamentals, and Diversification of HEXO Corp. (HEXO)

After finishing at $1.43 in the prior trading day, HEXO Corp. (NASDAQ: HEXO) closed at $1.26, down -11.89%. In other words, the price has decreased by -$0.1700 from its previous closing price. On the day, 590705 shares were traded. HEXO stock price reached its highest trading level at $1.4300 during the session, while it also had its lowest trading level at $1.2500.

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Our goal is to gain a better understanding of HEXO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HEXO now has a Market Capitalization of 62.25M and an Enterprise Value of 178.47M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 1.21 whereas that against EBITDA is -0.67.

Stock Price History:

Over the past 52 weeks, HEXO has reached a high of $4.00, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 1.3070, while the 200-Day Moving Average is calculated to be 1.9524.

Shares Statistics:

The stock has traded on average 616.03K shares per day over the past 3-months and 295.11k shares per day over the last 10 days, according to various share statistics. A total of 43.00M shares are outstanding, with a floating share count of 42.03M. Insiders hold about 3.03% of the company’s shares, while institutions hold 7.57% stake in the company. Shares short for HEXO as of Apr 27, 2023 were 1.13M with a Short Ratio of 1.13M, compared to 938.54k on Mar 30, 2023.

Earnings Estimates

Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.13 and a low estimate of -$0.16, while EPS last year was -$3.53. The consensus estimate for the next quarter is $0, with high estimates of $0.15 and low estimates of -$0.15.

Analysts are recommending an EPS of between -$0.33 and -$0.33 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.52, with 1 analysts recommending between -$0.52 and -$0.52.

Revenue Estimates

3 analysts predict $18.7M in revenue for the current quarter. It ranges from a high estimate of $19.05M to a low estimate of $18.46M. As of the current estimate, HEXO Corp.’s year-ago sales were $34.18M, an estimated decrease of -45.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $19.16M, a decrease of -39.20% over than the figure of -$45.30% in the same quarter last year. There is a high estimate of $19.87M for the next quarter, whereas the lowest estimate is $17.79M.

A total of 4 analysts have provided revenue estimates for HEXO’s current fiscal year. The highest revenue estimate was $85.04M, while the lowest revenue estimate was $80.65M, resulting in an average revenue estimate of $82.96M. In the same quarter a year ago, actual revenue was $141.72M, down -41.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $88.5M in the next fiscal year. The high estimate is $88.8M and the low estimate is $88.2M. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.