As of Wednesday close, Neptune Wellness Solutions Inc.’s (NASDAQ:NEPT) stock was down -$0.01, moving down -9.73 percent to $0.13. The average number of shares traded per day over the past five days has been 1,966,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1045 fall in that time frame. In the last twenty days, the average volume was 12,865,565, while in the previous 50 days, it was 5,556,004.
Since last month, NEPT stock rose 7.14%. Shares of the company fell to $0.1130 on 08/08/23, the lowest level in the past month. A 52-week high of $2.49 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 -59.06% or -$0.1861, and marked a new high 9 times. However, the stock has declined by -94.82% since its 52-week high.
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Financial Health
In the three months ended June 29, Neptune Wellness Solutions Inc.’s quick ratio stood at 0.20, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 15.40% percent. Based on annual data, NEPT earned -$2.47 million in gross profit and brought in $52.62 million in revenue.
In Neptune Wellness Solutions Inc.’s quarter-end financial report for June 29, it reported total debt of $15.65 million. 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 -53.06% to $12.15 million during the quarter, while net income inched up to $10.63 million. While analysts expected Neptune Wellness Solutions Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by 21.40%. During the quarter, the company generated -$7.0 million in EBITDA. The liabilities of Neptune Wellness Solutions Inc. were 62.64 million at the end of its most recent quarter ended June 29, and its total debt was $27.5 million. The value of shareholders’ equity is $24.12 million.
Technical Picture
This quick technical analysis looks at Neptune Wellness Solutions Inc.’s (NEPT) price momentum. With a historical volatility rate of 340.73%, the RSI 9-day stood at 36.78% on 30 August.
With respect to its five-day moving average, the current Neptune Wellness Solutions Inc. price is down by -44.75% percent or -$0.1045. At present, NEPT shares trade +6.52% above its 20-day simple moving average and -74.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.12% below its SMA50 and -86.52% below its SMA200.
Stochastic coefficient K was 10.58% and Stochastic coefficient D was 20.17%, while ATR was 0.0337. Given the Stochastic reading of 4.46% for the 14-day period, the RSI (14) reading has been calculated as 41.18%. As of today, the MACD Oscillator reading stands at -0.0506, while the 14-day reading stands at -0.0298.
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.
