BetaPro Marijuana Companies 2x Daily Bull ETF (HMJU:TSX) STA Research assigns $6 target price

STA Research assigns  BetaPro Marijuana Companies 2x Daily Bull ETF  with a Speculative Buy rating, and a 12 month target price forecast of $6.00 per share.

Based on the BetaPro Marijuana Companies 2x Daily Bull ETF stock (hmju stock) forecasts from 1 analysts, the average analyst target price for BetaPro Marijuana Companies 2x Daily Bull ETF (hmju stock) is $6.00 over the next 12 months. BetaPro Marijuana Companies 2x Daily Bull ETF’s (hmju stock) average analyst rating is Speculative Buy. Stock Target Advisor’s own stock analysis of BetaPro Marijuana Companies 2x Daily Bull ETF is Slightly Bearish, which is based on 1 positive signal and 2 negative signals. At the last closing, BetaPro Marijuana Companies 2x Daily Bull ETF’s stock price was CAD 3.60. BetaPro Marijuana Companies 2x Daily Bull ETF’s stock price has changed by -1.09% over the past week, -1.65% over the past month and -96.78% over the last year.

Before fees, charges, distributions, brokerage commissions, and other transaction costs, HMJU is intended to produce daily investment results that aim to correlate to a two-times multiple of the North American MOC Marijuana Index’s daily performance (NTR). HMJU doesn’t try to accomplish its stated investment goal over a period longer than a single day. HMJU may invest in equities securities, interest-bearing accounts, T-Bills, and/or other financial products, such as derivatives, in order to meet its investment goal.

 

What we like:

Superior risk-adjusted returns

This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

 

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

High volatility

The total returns for this company are volatile and above the median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.