Assessing Whether Neptune Wellness Solutions Inc. (NASDAQ: NEPT) Is Over- Or Undervalued


    Neptune Wellness Solutions Inc. (NEPT) concluded trading on 08/27/20 at a closing price of $2.67, with 1.92 million shares of worth about $5.14 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -3.26% during that period and on Thursday the price saw a gain of about 5.12%. Currently the company’s common shares owned by public are about 111.57M shares, out of which, 76.91M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the NEPT stock and their offered price forecasts bring an average price target of $4.29. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.33 and could fall to a lowest price of $3.22. Analysts also issued an outlook of 2.00 for the Neptune Wellness Solutions Inc. stock for next 12 months. The stock’s current price level is 15.24% above of average price target set by the analysts, while a rise to estimated low would result in gain of 17.08 for the stock. However, touching the estimated high of $5.33 would mean a gain of 49.91% for the stock.

    Horizons Medical Marijuana Life S, AdvisorShares Trust – Pure Cannab, and Cannabis ETF (The) are the top 3 mutual funds which are holding stakes in Neptune Wellness Solutions Inc. Horizons Medical Marijuana Life S is currently holding 1.66 million shares of worth totaling $4.63 million. The company recently came buying 0.0 shares which brought its stake up to 1.56% of the company’s outstanding shares. Cannabis ETF (The), after buying 0.22 million shares, have now control over 0.21% of the stake in the company. It holds 4696.0 shares of worth $0.61 million.

    Neptune Wellness Solutions Inc. (NASDAQ: NEPT) started trading at $2.58, above $0.04 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.67, or with a gain of 5.12%. Stock saw a price change of -3.26% in past 5 days and over the past one month there was a price change of -4.98%. Year-to-date (YTD), NEPT shares are showing a performance of -2.91% which decreased to -35.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.96 but also hit the highest price of $4.66 during that period. While comparing its average daily trading volume of 727.00K shares, we see that about 1.92 million changed hands on the day. The stock is currently trading -5.02% below its 20-day simple moving average (SMA20), while that difference is down -7.13% for SMA50 and it goes to 8.99% higher than SMA200.

    Neptune Wellness Solutions Inc. (NASDAQ: NEPT) currently have 111.57M outstanding shares and institutions hold larger chunk of about 19.17% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

    The stock has a current market capitalization of $297.90M. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEPT, volatility over the week remained 5.50% while standing at 6.39% over the month.

    Analysts are in expectations that Neptune Wellness Solutions Inc. (NEPT) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter ESPS is -$0.02 and it is -$0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago.

    Analysts at 5 brokerage firms have issued recommendations for the Neptune Wellness Solutions Inc. (NEPT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on August 07, 2020 offering a Buy rating for the stock and assigned a target price of to it. Coverage by Cowen stated Neptune Wellness Solutions Inc. (NEPT) stock as a Market perform in their note to investors on January 31, 2020, suggesting a price target of for the stock.


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