RE:RE:Hexo has combined analyst's target now of $3.76 ! :) 1hot-techwoman wrote: 1hot-techwoman wrote: Lots room to go from here :)
Multiple analysts lowered their 12-month price target after the results, bringing the average 12-month price target to C$3.76, down from C$5.51 last month.
Going to be another interesting day :) $$
the last time we had speculation of US legalization come in was early 2021. HEXO's SP moved from the mid $4 CDN range to a high of $14 CDN. I have a hard time believing that the SP will not start to trend up towards, and possibily higher than thoise levels once again, if more news starts coming out about Congress legalizing Cannabis.
I would not expect our SP will immediately snap to those highs right away but for it to make a bumpy trend in that direction over weeks and months. I am also using my own target pricing based on sales ratios (current comparisons plus historical averages in the sector) to come up with targets well over $14
The Dec 15th earnings report coming out from HEXO will include a great deal more in regards to the sales figures due to the three companies HEXO picked up finally fully reporting. This again will likely lower HEXO's PS-Ratio and move my own target pricing higher.
IMHO those who couldn't take the heat on the downward trend we seen from $14 down to the 52 week low let their emotions get out of control and opted to take their losses on paper and make those losses real by hitting the sell button. Losses are not real until you sell, nor are profits. Those who sold out of emotion may still be in a position to buy back their original shares now at a fraction of the price they sold for and... assuming... that the legalization of Cannabis in the US proceeds and that those investors can keep their emotions in check they could potentially be positioned to make back thier losses (barring unforeseen events)
Anyhow, as always, researching on your own is the best way to manage emotions. Not investing so much cash that it brings you worry is another great way as well as making hardcore plans to sell some of the shares at a profit down the road also helps as it will reduce the cash in play and futher reduce stress.
Plan on managing your risk (therefore stress and emotions) and let the profits be what they will be.
For full disclosure I have apx 10% of my shares posted for sale using Limit Orders at those high-high targets in the event of a rapid run up in pricing. If those orders fill then I get back the cash I have been using to average down. If they do not fill I have the option to either lower my asking price or to continue waiting for the market to get the price to those highs.
Bit of a morning ramble there... anyhow... Good Morning Folks :)
DYODD / GLTA
Q