Hexo @ the bottom of the trend - good time to buy some cheap shares @ 75 cents before it goes back to 1$+ possible breakout.
Buy some shares.
STATS:
Is Hexo Corp. Common Shares (HEXO) a good investment? HEXO stock has underperformed the market in the last year with a return of -86.4%, while SPY returned +7.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HEXO shares. However, HEXO has outperformed the market in the last 3 month and 2 week periods, returning +107.4% and +3.3%, while SPY returned +29.2% and -0.9%, respectively. This indicates HEXO has been having a stronger performance recently.
What is the support and resistance for Hexo Corp. Common Shares (HEXO) stock price? HEXO support price is $.69 and resistance is $.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEXO stock will trade within this expected range on the day.
@dekirby4 I'm a shareholder of HEX0, any thoughts on anything coming up that could get it out of this downtrend?? Industry wide news, PR, company udates? Love to hear some of your thoughts if you're still a believer in HEXO. thanks.
dekirby4
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@BinSF, IF you trade options - look at the january 2022 call for 0.5. it cost 0.30c .. this is an amazing deal.
Once IV shoots up 100%-200% on this stock those calls will be worth some money :)
"company has until December 16, 2020, to regain compliance. Hexo can do that if its shares achieve a 30-trading-day average closing price of at least $1 per share. If the company doesn’t regain compliance, the NYSE can start delisting procedures."
Soon hexo will be 1 dollar again if not they will get delisted by that date which isnt the end of the world as the stocks will probaly move to OTC you wont lose shares.
Im expecting a hexo pump to atleast 1 - 2 dollars in the next few months and to sustain that price for 30 days to avoid getting delisted. they could go to the moon!