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.
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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.
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.
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.