An Overview of Neptune Wellness Solutions Inc (NASDAQ: NEPT)’s Stock Performance and Outlook

In the latest trading session, 9.98 million Neptune Wellness Solutions Inc (NASDAQ:NEPT) shares changed hands as the company’s beta touched 2.28. With the company’s most recent per share price at $0.80 changing hands around $0.12 or 18.36% at last look, the market valuation stands at $6.42M. NEPT’s current price is a discount, trading about -5100.0% off its 52-week high of $41.60. The share price had its 52-week low at $0.62, which suggests the last value was 22.5% up since then. When we look at Neptune Wellness Solutions Inc’s average trading volume, we note the 10-day average is 32100.0 shares, with the 3-month average coming to 654.95K.

Neptune Wellness Solutions Inc (NASDAQ:NEPT) trade information

Instantly NEPT is in green as seen in intraday trades today. With action 19.94%, the performance over the past five days has been green. The jump to weekly highs of 0.9300 on Friday, 11/17/23 added 18.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -93.62%, with the 5-day performance at 19.94% in the green. However, in the 30-day time frame, Neptune Wellness Solutions Inc (NASDAQ:NEPT) is -1.96% down. Looking at the short shares, we see there were 39760.0 shares sold at short interest cover period of 0.25 days.

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The consensus price target for the stock as assigned by Wall Street analysts is $877.67, meaning bulls need an upside of 99.91% from its recent market value. According to analyst projections, NEPT’s forecast low is $877.67 with $877.67 as the target high. To hit the forecast high, the stock’s price needs a -109608.75% plunge from its current level, while the stock would need to soar -109608.75% for it to hit the projected low.

Neptune Wellness Solutions Inc (NEPT) estimates and forecasts

Data shows that the Neptune Wellness Solutions Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -91.14% over the past 6 months, a 66.46% in annual growth rate that is considerably higher than the industry average of 14.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Neptune Wellness Solutions Inc will rise 66.90%, while the growth in revenue is estimated to hit 18.70% for the next quarter.

NEPT Dividends

Neptune Wellness Solutions Inc is expected to release its next quarterly earnings report on November 15.

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

UBS Group AG holds the second largest percentage of outstanding shares, with 0.16% or 7398.0 shares worth $5877.0 as of Sep 29, 2023.

Among Mutual Funds, the top two as of Jul 30, 2023 were Amplify Seymour Cannabis ETF and Fidelity NASDAQ Composite Index Fund. With 1210.0 shares estimated at $961.0 under it, the former controlled 0.03% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.00% of the shares, roughly 22.0 shares worth around $17.0.

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