Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy HEXO stock | 0.742

Own HEXO stock in just a few minutes.

Posted

Fact checked

HEXO Corp is a drug manufacturers—specialty & generic business based in the US. HEXO shares (HEXO) are listed on the NYSE and all prices are listed in US Dollars.

How to buy shares in HEXO

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for HEXO. Find the stock by name or ticker symbol: HEXO. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until HEXO reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$0.742, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of HEXO, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of HEXO. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted HEXO's share price?

Since the stock market crash in March caused by coronavirus, HEXO's share price has had significant negative movement.

Its last market close was USD$0.742, which is 47.38% down on its pre-crash value of USD$1.41 and 114.45% up on the lowest point reached during the March crash when the shares fell as low as USD$0.346.

If you had bought USD$1,000 worth of HEXO shares at the start of February 2020, those shares would have been worth USD$492.97 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$579.69.

HEXO share price

Use our graph to track the performance of HEXO stocks over time.

HEXO shares at a glance

Information last updated 2020-11-27.
Latest market close USD$0.742
52-week range USD$0.346 - USD$2.3
50-day moving average USD$0.7411
200-day moving average USD$0.7224
Wall St. target price N/A
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-1.5794

Buy HEXO shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Vanguard
$0
Stocks, Mutual funds, ETFs, Forex
$1
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
0%
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
loading

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy HEXO stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

HEXO price performance over time

Historical closes compared with the close of $0.742 from 2020-11-16

1 week (2020-11-24) 2.06%
1 month (2020-10-30) 22.04%
3 months (2020-09-01) 6.00%
6 months (2020-06-01) 7.54%
1 year (2019-11-29) -65.65%
2 years (2018-11-30) -83.73%
3 years (2017-12-01) -62.31%
5 years (2015-11-27) N/A

HEXO financials

Gross profit TTM USD$-57,975,000
Return on assets TTM -13.4%
Return on equity TTM -81.24%
Profit margin 0%
Book value N/A
Market capitalisation USD$379.3 million

TTM: trailing 12 months

Shorting HEXO shares

There are currently 14.8 million HEXO shares held short by investors – that's known as HEXO's "short interest". This figure is 1.5% up from 14.6 million last month.

There are a few different ways that this level of interest in shorting HEXO shares can be evaluated.

HEXO's "short interest ratio" (SIR)

HEXO's "short interest ratio" (SIR) is the quantity of HEXO shares currently shorted divided by the average quantity of HEXO shares traded daily (recently around 14.5 million). HEXO's SIR currently stands at 1.02. In other words for every 100,000 HEXO shares traded daily on the market, roughly 1020 shares are currently held short.

However HEXO's short interest can also be evaluated against the total number of HEXO shares, or, against the total number of tradable HEXO shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case HEXO's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 HEXO shares in existence, roughly 30 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable HEXO shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against HEXO.

Find out more about how you can short HEXO stock.

HEXO share dividends

We're not expecting HEXO to pay a dividend over the next 12 months.

HEXO share price volatility

Over the last 12 months, HEXO's shares have ranged in value from as little as $0.346 up to $2.3. A popular way to gauge a stock's volatility is its "beta".

HEXO.US volatility(beta: 1.7)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while HEXO's is 1.6952. This would suggest that HEXO's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

HEXO overview

HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. It offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. The company offers its adult-use and medical products under the HEXO brand name. Additionally, it offers cannabis beverages under the Little Victory, House of Terpenes, Mollo, Veryvell, and XMG brand; and cannabis products under Original Stash and Up brand names. The company was formerly known as The Hydropothecary Corporation and changes its name to HEXO Corp. in August 2018. HEXO Corp. was founded in 2013 and is headquartered in Kanata, Canada.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site