Neptune Wellness Solutions Inc. (NASDAQ:NEPT) saw an upside of 2.03% to $0.74 after adding $0.01 on Wednesday. The 5-day average trading volume is 478,631 shares of the company’s common stock. It has gained $0.8900 in the past week and touched a new high 4 times within the past 5 days. An average of 2,645,008 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,233,157.
NEPT’s 1-month performance is 181.02% or $0.4650 on its low of $0.2600 reached on 12/30/22. The company’s shares have touched a 52-week low of $0.23 and high of $14.73, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, NEPT has achieved 130.18% or $0.4149 and has reached a new high 7 times. However, the current price is down -94.98% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.10 while the price-to-book (PB) in the most recent quarter is 0.54.
The firm’s gross profit as reported stood at -$7.54 million against revenue of $48.8 million.
For the quarterly period ending June 29 this year, Neptune Wellness Solutions Inc.’s cash and short-term investments amounted to $20000.0 against total debt of $17.62 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$30.9 million, while revenue of -$4.28 million was 86.15% off the previous quarter. Analysts expected NEPT to announce -$1.75 per share in earnings in its latest quarter, but it posted -$0.69, representing a 60.60% surprise. EBITDA for the quarter stood at more than -$39.17 million. NEPT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 49.42 million, with total debt at $17.62 million. Shareholders hold equity totaling $11.72 million.
Let’s look briefly at Neptune Wellness Solutions Inc. (NEPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 68.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 161.27%.
The stock’s 5-day moving average is $0.6720, reflecting a +16.80% or $0.1050 change from its current price. NEPT is currently trading +175.47% above its 20-day SMA, -65.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.70% and SMA200 by-89.58%.
Stochastic %K and %D was 87.48% and 86.05% and the average true range (ATR) pointed at 0.1200. The RSI (14) points at 61.89%, while the 14-day stochastic is at 71.45% with the period’s ATR at 0.1141. The stock’s 9-day MACD Oscillator is pointing at 0.0862 and 0.1206 on the 14-day charts.
In the most recent analyst report for Neptune Wellness Solutions Inc. (NASDAQ: NEPT), Alliance Global Partners launched coverage with a Buy rating. Analysts offering their rating for NEPT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate NEPT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is NEPT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.94 and a high of $21.94, with their median price target at $21.94. Looking at these predictions, the average price target given by analysts is for Neptune Wellness Solutions Inc. (NEPT) stock is $21.94.