SwingTrader-07

finally HEXO may rebound

Long
NASDAQ:HEXO   None
Such a Quarterly Report >>> here is a good analysis of the recent Merger ( www.youtube.com/watch?v=KNIWiOKj... )

It seems: after 3 Mergers ( HEXO ) is dramatically undervalued >>> $289.6 Million valuation on $126 Million revenue >>> HEXO has 15-17% Market share (in USA/Canada) >>> at today closing price $1.41 >>> HEXO may see $3.25 - $4.72 uptrend (by Dec 31, 2021), if it can clarify some financials following the Merger with REDECAN


On the 2021-Q3 Conference Call: it seems like HEXO recent revenue doesn't include Revenue from REDECAN . . . assuming HEXO and REDECAN did 50/50 Merger . . . the next January/March 2022 Quarterly Report may show at-least $210 Million combined revenue (from HEXO + REDECAN)

. . . one more thing, on Scotia iTrade ( the current valuation for HEXO is $289.6 Million ) based on ( 206.84 Million Outstanding Shares ) based on ( today Nov 4 closing price of $1.40 )

>>> so my Dec 31, 2021 target price for HEXO is $4.72 per share >>> $4.72 is a price target for 2021, set 12-month ago (on Jan, 2021) by 11 Analysts covering HEXO

>>> technically its a very deep bottom >>> Let's be Bullish and give HEXO 330% upside ( by Jan 31, 2021 )

>>> Not an Advice, at $1.40 this Penny Stock has potential
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