On July 25, the Founder of HEXO (HEXO), Adam Miron, sold shares of HEXO for $213.4K.
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Based on HEXO’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $22.13 million and GAAP net loss of -$19,519,000. In comparison, last year the company earned revenue of $13.02 million and had a GAAP net loss of $7.75 million. The company has a one-year high of $4.95 and a one-year low of $0.35.
Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $0.94, reflecting a -24.5% downside. Four different firms, including Cantor Fitzgerald and Jefferies, currently also have a Sell rating on the stock.
Adam Miron’s trades have generated a 4.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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HEXO Corp. engages in the manufacture, production, and distribution of medicinal marijuana. It offers products through the Time of Day, H2, Decarb, and Exlixir No. 1 brands. The company was founded by Sébastien St. Louis and Adam Miron on October 29, 2013 and is headquartered in Gatineau, Canada.
