Neptune Wellness Solutions Inc. (NASDAQ:NEPT) finished Wednesday with an addition of $0.01 to close at $0.23, an upside of 5.23 percent. An average of 47,822,879 shares of common stock have been traded in the last five days. There was a gain of $0.0986 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 12,537,760 shares traded, while the 50-day average volume stands at 5,393,102.
NEPT stock has increased by 85.32% in the last month. The company shares reached their 1-month lowest point of $0.1130 on 08/08/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.11 and a high of $3.74 in 52 weeks. It has reached a new high 9 times so far this year and lost -25.90% or -$0.0816 in price. In spite of this, the price is down -93.76% from the 52-week high.
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Valuation Metrics
Neptune Wellness Solutions Inc. (NEPT) stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03.
Financial Health
The quick ratio of Neptune Wellness Solutions Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Neptune Wellness Solutions Inc.’s EBITDA margin for the year ending June 29 is -88.67%. Its gross profit as reported stood at -$2.47 million compared to revenue of $52.62 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Neptune Wellness Solutions Inc.’s return on assets was -59.30%.
Earnings Surprise
For the three-month period that ended June 29, Neptune Wellness Solutions Inc. had $15.65 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.91 million in the quarter, while revenues of -$26.57 million were grew 12.83%. The analyst consensus anticipated Neptune Wellness Solutions Inc.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.22, a 21.40% surprise. For the quarter, EBITDA amounted to -$7.0 million. Shareholders own equity worth $24.12 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Neptune Wellness Solutions Inc. (NEPT) price momentum. RSI 9-day as of the close on 23 August was 79.81%, suggesting the stock is Overbought, with historical volatility in this time frame at 280.80%.
As of today, NEPT’s price is $0.2106 +73.09% or $0.0986 from its 5-day moving average. NEPT is currently trading +88.46% higher than its 20-day SMA and -58.16% lower than its 100-day SMA. However, the stock’s current price level is +29.29% above the SMA50 and -80.21% below the SMA200.
The stochastic %K and %D were 48.35% and 52.56%, respectively, and the average true range (ATR) was 0.0393. With the 14-day stochastic at 52.35% and the average true range at 0.0317, the RSI (14) stands at 75.28%. The stock has reached 0.0478 on the 9-day MACD Oscillator while the 14-day reading was at 0.0672.
Analyst Ratings
Alliance Global Partners launched coverage on Neptune Wellness Solutions Inc. (NASDAQ: NEPT) in its analyst report released on August 07, 2020. The firm assigned the stock a Buy rating. The consensus rating for Neptune Wellness Solutions Inc. (NEPT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NEPT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is NEPT’s price target for the next 12 months?
Analysts predict a range of price targets between $21.94 and $21.94, with a median target of $21.94. Taking a look at these predictions, the average price target given by analysts for Neptune Wellness Solutions Inc. (NEPT) stock is $21.94.
