Neptune Wellness Solutions Inc. (NEPT) Volatility At 15.29%, Should You Add A Position?

63 institutions hold shares in Neptune Wellness Solutions Inc. (NEPT), with 14.9M shares held by insiders accounting for 10.80% while institutional investors hold 21.46% of the company’s shares. The shares outstanding are 137.99M, and float is at 102.57M with Short Float at 6.39%. Institutions hold 19.14% of the Float.

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The top institutional shareholder in the company is Perceptive Advisors Llc with over 19.44 million shares valued at $41.01 million. The investor’s holdings represent 15.01% of the NEPT Shares outstanding. As of Dec 30, 2020, the second largest holder is Rovida Advisors Inc. with 2.25 million shares valued at $3.51 million to account for 1.74% of the shares outstanding. The other top investors are AdvisorShares Investments, LLC which holds 0.41 million shares representing 0.32% and valued at over $0.65 million, while Renaissance Technologies, LLC holds 0.26% of the shares totaling 0.34 million with a market value of $0.54 million.

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) is 25.64% higher on its value in year-to-date trading and has touched a low of $0.96 and a high of $3.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEPT stock was last observed hovering at around $1.68 in the last trading session, with the day’s gains setting it 0.28% off its average median price target of $2.75 for the next 12 months. It is also 54.63% off the consensus price target high of $4.32 offered by 4 analysts, but current levels are 0.51% higher than the price target low of $1.97 for the same period.

Currently trading at $1.96, the stock is -7.63% and 5.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 44.65 million and changing 16.67% at the moment leaves the stock -15.92% off its SMA200. NEPT registered 5.95% gain for a year compared to 6-month loss of -25.76%. The firm has a 50-day simple moving average (SMA 50) of $2.0261 and a 200-day simple moving average (SMA200) of $2.0885.

The stock witnessed a -2.97% gain in the last 1 month and extending the period to 3 months gives it a 3.16%, and is -30.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.29% over the week and 11.98% over the month.

Distance from 52-week low is 104.17% and -45.56% from its 52-week high.

Neptune Wellness Solutions Inc. (NEPT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Neptune Wellness Solutions Inc. (NEPT) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Neptune Wellness Solutions Inc. is expected to release its quarterly report on 06/09/2021 and quarterly earnings per share for the current quarter are estimated at -$0.02..

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