A new trading data show Neptune Wellness Solutions Inc. (NEPT) is showing positive returns.

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) stock jumped 27.61% on Monday to $0.74 against a previous-day closing price of $0.58. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $0.7500 whereas the lowest price it dropped to was $0.5622. The 52-week range on NEPT shows that it touched its highest point at $15.40 and its lowest point at $0.23 during that stretch.

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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 15.30%, but this was up by 178.40% over a month. Three-month performance dropped to -41.27% while six-month performance fell -43.94%. The stock lost -95.28% in the past year, while it has gained 134.85% so far this year. A look at the trailing 12-month EPS for NEPT yields -18.61 with Next year EPS estimates of -2.01.

Float and Shares Shorts:

At present, 11.73 million NEPT shares are outstanding with a float of 9.90 million shares on hand for trading. On Dec 29, 2022, short shares totaled 1.28 million, which was 10.93% higher than short shares on Nov 29, 2022. In addition to Mr. Michael Cammarata as the firm’s Pres, CEO & Director, Mr. John S. Wirt serves as its Chief Legal Officer, Exec. VP of Legal & Bus. Affairs and Gen. Counsel.

Institutional Ownership:

Through their ownership of 29.87% of NEPT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.94% of NEPT, in contrast to 15.13% held by mutual funds. Shares owned by individuals account for 0.50%. As the largest shareholder in NEPT with 9.35% of the stake, Sabby Management LLC holds 1,095,913 shares worth 1,095,913. A second-largest stockholder of NEPT, Perceptive Advisors LLC, holds 350,536 shares, controlling over 2.99% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in NEPT, holding 128,684 shares or 1.10% stake. With a 0.40% stake in NEPT, the Amplify Seymour Cannabis ETF is the largest stakeholder. A total of 47,284 shares are owned by the mutual fund manager. The SPDR S&P International Small Cap, which owns about 0.08% of NEPT stock, is the second-largest Mutual Fund holder. It holds 9,083 shares valued at 2861.0. American Growth Fund Series Two holds 0.01% of the stake in NEPT, owning 886 shares worth 279.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, NEPT reported revenue of $16.27M and operating income of -$13.66M. The EBITDA in the recently reported quarter was -$12.78M and diluted EPS was -$1.09.

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 2864.86% to reach the target high and rise by 2864.86% to reach the target low. Reaching the average price target will result in a growth of 2864.86% 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 -$5.90 being high and -$5.90 being low. For NEPT, this leads to a yearly average estimate of -$5.90. The surprise factor in the prior quarter was $1.12. Based on analyst estimates, the high estimate for the next quarter is -$0.74 and the low estimate is -$0.74. The average estimate for the next quarter is thus -$0.74.

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