In today’s recent session, 8,648,727 shares of the Neptune Wellness Solutions Inc.(NASDAQ:NEPT) have been traded, and its beta is 0. Most recently the company’s share price was $1.58, and it changed around -$0.16 or -0.09% from the last close, which brings the market valuation of the company to $216.23 Million. NEPT at last check was trading at a discount to its 52-week high of $3.6, offering almost -127.85% off that amount. The share price’s 52-week low was $0.96, which indicates that the recent value has risen by an impressive 39.24% since then. We note from Neptune Wellness Solutions Inc.’s average daily trading volume that its 10-day average is 27.09 Million shares, with the 3-month average coming to 4.84 Million.
Neptune Wellness Solutions Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended NEPT as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Neptune Wellness Solutions Inc. is expected to report earnings per share of -$0.02 for the current quarter.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT): Trading Information Today
Although NEPT has been showing red trend so far today with a performance of -9.23% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $1.99 on Friday, Feb 19 increased the stock’s daily price by 20.69%. The company’s shares are currently up 0.01% year-to-date, but still down -0.1864 over the last five days. On the other hand, Neptune Wellness Solutions Inc. (NASDAQ:NEPT) is -0.2% down in the 30-day period. We can see from the shorts that 6.55 Million shares have been sold at a short interest cover period of 1.35 day(s).
The consensus price target as assigned by Wall Street analysts is $2.66, which translates to bears needing to increase their stock price by 68.35% from its current value. Analyst projections state that NEPT is forecast to be at a low of $1.97 and a high of $3.17. In order for the stock price to hit the forecast high, the stock would need to surge +100.63% from its current level, while the stock would need to crash 24.68% from its current level to reach the projected low.
Neptune Wellness Solutions Inc. (NEPT) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Neptune Wellness Solutions Inc. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 10.8% of Neptune Wellness Solutions Inc. shares, and 19.14% of them are in the hands of institutional investors. The stock currently has a share float of 21.46%. Neptune Wellness Solutions Inc. stock is held by 63 institutions, with Perceptive Advisors Llc being the largest institutional investor. By Dec 30, 2020, it held 16.3% of the shares, which is about 22.21 Million shares worth $34.65 Million.
Armistice Capital, LLC, with 3.06% or 4.17 Million shares worth $6.5 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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