Neptune Wellness Solutions Inc. (NASDAQ:NEPT) Stock: Performance and Outlook – Marketing Sentinel

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) Stock: Performance and Outlook

In the last trading session, 4,088,189 Neptune Wellness Solutions Inc. (NASDAQ:NEPT) shares changed hands as the company’s beta touched 0. With the company’s per share price at $1.29 changed hands at -$0.07 or -0.05% during last session, the market valuation stood at $223.22 Million. NEPT’s last price was a discount, traded about -179.07% off its 52-week high of $3.6. The share price had its 52-week low at $1, which suggests the last value was 22.48% up since then. When we look at Neptune Wellness Solutions Inc.’s average trading volume, we note the 10-day average is 2.84 Million shares, with the 3-month average coming to 6.4 Million.

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Analysts gave the Neptune Wellness Solutions Inc. (NEPT) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 2 recommended NEPT as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Neptune Wellness Solutions Inc.’s EPS for the current quarter is expected to be -$0.02.

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) trade information

Although NEPT has turned red as seen at the end of in last trading. With action -5.15%, the performance over the past five days has been red. The jump to weekly highs of $1.6 on Tuesday, Mar 23 added 19.38% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.17%, with the 5-day performance at -0.16% in the red. However, in the 30-day time frame, Neptune Wellness Solutions Inc. (NASDAQ:NEPT) is -0.18% down. Looking at the short shares, we see there were 7.49 Million shares sold at short interest cover period of 1.17 days.

The consensus price target for the stock as assigned by Wall Street analysts is $2.62, meaning bulls need an upside of 103.1% from its current market value. According to analyst projections, NEPT’s forecast low is $1.97 with $3.17 as the target high. To hit the forecast high, the stock’s price needs a +145.74% upsurge from its current level, while the stock would need to tank 52.71% for it to hit the projected low.

Neptune Wellness Solutions Inc. (NEPT) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Neptune Wellness Solutions Inc. earnings to decrease by 0%, but the outlook for the next 5-year period is at 0% per year.

Neptune Wellness Solutions Inc. (NASDAQ:NEPT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 10.8% of Neptune Wellness Solutions Inc. shares while 19.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.46%. There are 63 institutions holding the Neptune Wellness Solutions Inc. stock share, with Perceptive Advisors Llc the top institutional holder. As of Dec 30, 2020, the company held 13.43% of the shares, roughly 22.21 Million NEPT shares worth $34.65 Million.

Armistice Capital, LLC holds the second largest percentage of outstanding shares, with 2.52% or 4.17 Million shares worth $6.5 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Feb 27, 2021 were AdvisorShares Trust-AdvisorShares Pure Cannabis ETF and Amplify Seymour Cannabis ETF. With 950131 shares estimated at $1.5 Million under it, the former controlled 0.57% of total outstanding shares. On the other hand, Amplify Seymour Cannabis ETF held about 0.39% of the shares, roughly 641.08 Thousand shares worth around $1.14 Million.

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