HEXO Corp. Stock Forecast and Price Prognosis Data for 2021 in Economics, Sean specializes in the healthcare sector and investment planning. Additionally, HEXO has announced layoffs designed to reduce its capital outlays in an effort to backpedal toward profitability. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest.
Planet 13 Holdings (OTC:PLNH.F), a vertically integrated dispensary operator headquartered in Nevada, is the only other pot stock on course to more than double its sales next year. If you do not, click Cancel. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
As of this past week, it owned 59 cultivation or processing sites in 16 states that were leased out for a weighted-average length of 16.1 years. See the Full List of Stocks To Beat Earnings. It's been one gigantic roller-coaster ride, which, for the most part, has seen earnings estimates for cannabis stocks fall considerably from where they were even three months ago. Don't be too fooled by Cronos Group's (NASDAQ:CRON) big sales jump, considering that it's starting from a fairly small revenue base. Despite being one of the worst-performing marijuana stocks over since April 2019, Quebec-based licensed producer HEXO (NYSE:HEXO) has seen both its … Visit www.zacksdata.com to get our data and content for your mobile app or website.
Stock quotes by finanzen.net. Promises of capacity expansion and overseas dealmaking often proved more than enough to send valuations higher. Just be careful not to mistake HEXO's sales growth for strength, as this company could be facing delisting from the New York Stock Exchange.
Green Thumb has also done a bang-up job of targeting its retail presence in key states. We predict a peak to 32,000 points in the Dow Jones in 2020 after which the index will rise even further in 2021. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. Let's conquer your financial goals together...faster. Get the latest Detailed Estimate from Zacks Investment Research. The The Supreme Cannabis stock forecast is 0.931 USD for 2021 September 12, Sunday; and 5.575 USD for 2025 September 12, Friday with technical analysis. Strong sales growth should be expected from Canada's MediPharm Labs (OTC:MEDI.F), which is a processor of cannabis and hemp biomass. This comes after halting construction on two of the company's largest projects last year, as well as laying off 500 workers. HEXO Corp. (TSX: HEXO) Stock Price: C$ $ 1.01. Simply put, stocks with a Zacks Rank of 1, 2, or 3, with a positive ESP were shown to positively surprise 70% of the time. Recently, management announced that it would be closing five of the company's smaller production facilities. One of the likeliest reasons we've witnessed a narrowing in Aurora's consensus loss estimate is the company's aggressive cost-cutting campaign. As of today, these per-share loss estimates have been reduced to CA$1.12 and CA$0.08, respectively. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. While many investors are questioning why the market has rallied 30% from its lows amid a soaring unemployment rate and weekly jobless claims, Siegel isn't as surprised. There's a good chance that most of this growth is going to come from the combination of more cannabis retail outlets opening in Canada and consumers upping their purchases of higher-priced derivatives. Learn more about Zacks Equity Research reports, Research for HEXO Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. NASDAQ data is at least 15 minutes delayed. Similar to Aurora Cannabis, some very stringent expense reductions are paving the way to narrower losses. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. We use cookies to understand how you use our site and to improve your experience.
However, there are exceptions to the rule. Siegel said that if a treatment or vaccine for the coronavirus is developed that reduces the fear instilled in people since the pandemic started, "2021 can be a boom year.". It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Up until April 2019, investors could practically throw a dart at a list of publicly traded pot stocks and make money. Source: Kantar Media. All rights reserved. That echoes Siegel's recent comments that the 40-year bull market in bonds is about to end.