RE:Morning Star Shows $1.91 Fair Value TODAYThe point to posting the targets as well as the fair market value numbers is that everyone has their own range of values for the shares. This is based on fundamentals, trends, projected earnings etc. The projected earnings numbers are the most challenging as they are unknown until they come out in the upcoming QTR reports.
Based on CURRENT data available on HEXO Corp, MorningStar, one of the more respected sources of determing fair market value of shares is showing a much higher fair market value for HEXO Shares than what we are currently seeing. The market sets the price of shares however I see the MorningStar data being reasonable and is definately one of many reasons I opt to hold through the lows and wait for better prices.
quinlash wrote: Morning Star rating are used by the Royal Bank of Canada and is readily avialable through the RESEARCH tab in trading accounts. Fair value, at this very moment, is $1.91 CDN. Future price projections are much higher and vary greatly so use your own or suvey various sources
dyodd