Sabby Management LLC recently announced the acquisition of new stake in Neptune Wellness Solutions Inc (NASDAQ:NEPT). The institutional investor has increased its shareholding in the Healthcare company by 362.71% to 0.19 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 21.91% valued currently at $0.13 million. In addition, UBS Securities LLC raised its holdings by 7398.0 to 7398.0 shares.
With over 12.0 million Neptune Wellness Solutions Inc (NEPT) shares trading Monday and a closing price of $0.85 on the day, the dollar volume was approximately $10.2 million. The shares have shown a negative half year performance of -90.63% and its price on 11/20/23 gained nearly 25.15%. Currently, there are 12.00M common shares owned by the public and among those 7.36M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for NEPT have a consensus price objective of $877.67. The analysts have set the share’s price value over the next 12 months at a high of $877.67 and a low of $877.67. The average price target is 99.9% above its recent price level and an upside to the estimated low will see the stock gain 99.9% over that period. But an upside of 99.9% will see the stock hit the forecast high price target while median target price for the stock is $877.67.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 140,230 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 34,348 shares.
The top 3 mutual fund holders in Neptune Wellness Solutions Inc are Amplify Seymour Cannabis ETF, SPDR S&P International Small Cap, and Fidelity Nasdaq Composite Index F. Amplify Seymour Cannabis ETF owns 1210.0 shares of the company’s stock, all valued at over $871.0. Fidelity Nasdaq Composite Index F sold 22.0 shares to bring its total holdings to over 0.0 shares at a value of $0.0. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.00% of the shares outstanding.
Shares of Neptune Wellness Solutions Inc (NASDAQ: NEPT) opened at $0.896, up $0.22 from a prior closing price of $0.68. However, the script later moved the day high at 0.9300, up 25.15%. The company’s stock has a 5-day price change of 26.82% and -90.42% over the past three months. NEPT shares are trading -93.26% year to date (YTD), with the 12-month market performance down to -97.83% lower. It has a 12-month low price of $0.62 and touched a high of $41.60 over the same period. NEPT has an average intraday trading volume of 654.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.90%, -49.93%, and -92.26% respectively.
Institutional ownership of Neptune Wellness Solutions Inc (NASDAQ: NEPT) shares accounts for 2.51% of the company’s 12.00M shares outstanding. Mutual fund holders own 0.17%, while other institutional holders and individual stakeholders account for 23.34% and — respectively.
It has a market capitalization of $6.79M and a beta (3y monthly) value of 2.28. The earnings-per-share (ttm) stands at -$3.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.07% over the week and 8.90% over the month.
Analysts forecast that Neptune Wellness Solutions Inc (NEPT) will achieve an EPS of -$8.81 for the current quarter, -$6.84 for the next quarter and -$6.55 for 2025. The lowest estimate earnings-per-share for the quarter is -$8.81 while analysts give the company a high EPS estimate of -$8.81. Comparatively, EPS for the current quarter was -$26.64 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Neptune Wellness Solutions Inc (NEPT) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
