Neptune Wellness Solutions Inc. (NEPT) can make a big difference with a little luck

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) stock jumped 12.70% on Friday to $1.42 against a previous-day closing price of $1.26. With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $1.4700 whereas the lowest price it dropped to was $1.2800. The 52-week range on NEPT shows that it touched its highest point at $29.52 and its lowest point at $1.00 during that stretch. Beta for the stock currently stands at 2.16.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEPT was up-trending over the past week, with a rise of 22.41%, but this was up by 10.08% over a month. Three-month performance dropped to -77.62% while six-month performance fell -87.21%. The stock lost -94.75% in the past year, while it has lost -90.10% so far this year. A look at the trailing 12-month EPS for NEPT yields -413.12 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.05. This implies an EPS growth rate of 56.30% for this year and 67.70% for next year.

Float and Shares Shorts:

At present, 167.32 million NEPT shares are outstanding with a float of 146.76 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.4 million, which was 5.00% higher than short shares on Jun 14, 2022. In addition to Mr. Michael Cammarata as the firm’s Pres, CEO & Director, Dr. Toni Rinow MBA., Ph.D. serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 2.69% of NEPT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of NEPT, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.67% stake in NEPT, the Amplify Seymour Cannabis ETF is the largest stakeholder. A total of 46,534 shares are owned by the mutual fund manager. The Cambria Cannabis ETF, which owns about 0.31% of NEPT stock, is the second-largest Mutual Fund holder. It holds 21,795 shares valued at 30513.0. SPDR S&P International Small Cap holds 0.13% of the stake in NEPT, owning 9,001 shares worth 12601.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEPT since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEPT analysts setting a high price target of $21.94 and a low target of $21.94, the average target price over the next 12 months is $21.94. Based on these targets, NEPT could surge 1445.07% to reach the target high and rise by 1445.07% to reach the target low. Reaching the average price target will result in a growth of 1445.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NEPT will report FY 2023 earnings on 06/07/2023. Analysts have provided yearly estimates in a range of -$3.80 being high and -$3.80 being low. For NEPT, this leads to a yearly average estimate of -$3.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Neptune Wellness Solutions Inc. reported -$1.36 EPS against a consensus estimate of -$1.36. The surprise factor in the prior quarter was -$4.41. Based on analyst estimates, the high estimate for the next quarter is -$1.09 and the low estimate is -$1.09. The average estimate for the next quarter is thus -$1.09.

Leave a Comment

Your email address will not be published. Required fields are marked *