At the last check on Thursday, Neptune Wellness Solutions Inc.’s (NASDAQ:NEPT) stock traded at $0.13. The average number of shares traded per day over the past five days has been 683,810 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0177 gain in that time frame. In the last twenty days, the average volume was 660,808, while in the previous 50 days, it was 635,399.
Since last month, NEPT stock retreated -4.15%. Shares of the company fell to $0.1130 on 08/08/23, the lowest level in the past month. A 52-week high of $3.74 was reached on 02/06/23 after having rallying from a 52-week low of $0.11. Since the beginning of this year, NEPT’s stock price has dropped by -59.70% or -$0.1741, and marked a new high 9 times. However, the stock has declined by -96.60% since its 52-week high.
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Financial Health
In the three months ended March 30, Neptune Wellness Solutions Inc.’s quick ratio stood at 0.30, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 5.70% percent. Based on annual data, NEPT earned -$2.47 million in gross profit and brought in $52.62 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -936.10%. Return on equity (ROE) for the past 12 months was -428.60%.
In Neptune Wellness Solutions Inc.’s quarter-end financial report for March 30, it reported total debt of $15.41 million against cash and short-term investments of $20000.0. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NEPT’s revenue fell -301.65% to $12.21 million during the quarter, while net income inched up to $12.15 million. While analysts expected Neptune Wellness Solutions Inc. to report -$0.32 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 128.10%. During the quarter, the company generated -$40.88 million in EBITDA. The liabilities of Neptune Wellness Solutions Inc. were 58.49 million at the end of its most recent quarter ended March 30, and its total debt was $25.31 million. The value of shareholders’ equity is $21.82 million.
Technical Picture
This quick technical analysis looks at Neptune Wellness Solutions Inc.’s (NEPT) price momentum. With a historical volatility rate of 60.10%, the RSI 9-day stood at 68.44% on 16 August.
With respect to its five-day moving average, the current Neptune Wellness Solutions Inc. price is up by +14.36% percent or $0.0177. At present, NEPT shares trade +6.50% above its 20-day simple moving average and -71.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.06% below its SMA50 and -88.63% below its SMA200.
Stochastic coefficient K was 77.83% and Stochastic coefficient D was 72.33%, while ATR was 0.0101. Given the Stochastic reading of 91.21% for the 14-day period, the RSI (14) reading has been calculated as 53.46%.
Analyst Ratings
Alliance Global Partners launched its rating on Neptune Wellness Solutions Inc. (NASDAQ: NEPT) to a Buy in a note to investors on August 07, 2020. Neptune Wellness Solutions Inc. (NEPT) has been rated Hold by analysts. According to 0 brokerage firms, NEPT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Neptune Wellness Solutions Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $21.94, the current consensus forecast for the stock is $21.94 – $21.94. Based on these forecasts, analysts predict Neptune Wellness Solutions Inc. (NEPT) will achieve an average price target of $21.94.
