Neptune Wellness Solutions Inc. (NASDAQ: NEPT) is -14.10% lower on its value in year-to-date trading and has touched a low of $1.15 and a high of $3.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEPT stock was last observed hovering at around $1.33 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $2.69 for the next 12 months. It is also 58.13% off the consensus price target high of $3.20 offered by 4 analysts, but current levels are 31.98% higher than the price target low of $1.97 for the same period.
Currently trading at $1.34, the stock is 2.84% and -10.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 0.75% at the moment leaves the stock -33.90% off its SMA200. NEPT registered -39.91% loss for a year compared to 6-month loss of -30.21%. The firm has a 50-day simple moving average (SMA 50) of $1.5667 and a 200-day simple moving average (SMA200) of $1.8431.
The stock witnessed a -1.47% gain in the last 1 month and extending the period to 3 months gives it a -27.96%, and is 13.56% up 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 6.80% over the week and 7.11% over the month.
Neptune Wellness Solutions Inc. (NEPT) has around 165 employees, a market worth around $221.76M and $52.78M in sales. Distance from 52-week low is 16.52% and -62.78% 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 08/17/2021 and quarterly earnings per share for the current quarter are estimated at -$0.02..
Neptune Wellness Solutions Inc. (NEPT) Top Institutional Holders
63 institutions hold shares in Neptune Wellness Solutions Inc. (NEPT), with 13.98M shares held by insiders accounting for 10.13% while institutional investors hold 30.47% of the company’s shares. The shares outstanding are 165.49M, and float is at 110.06M with Short Float at 6.31%. Institutions hold 27.38% of the Float.
The top institutional shareholder in the company is Perceptive Advisors Llc with over 22.21 million shares valued at $34.65 million. The investor’s holdings represent 13.42% of the NEPT Shares outstanding. As of Dec 30, 2020, the second largest holder is Armistice Capital, LLC with 4.17 million shares valued at $6.5 million to account for 2.52% of the shares outstanding. The other top investors are CVI Holdings, LLC which holds 2.36 million shares representing 1.43% and valued at over $3.68 million, while Rovida Advisors Inc. holds 1.36% of the shares totaling 2.25 million with a market value of $3.51 million.