The stock of Neptune Wellness Solutions Inc (NASDAQ: NEPT) has increased by 17.05 when compared to last closing price of 0.68.Despite this, the company has seen a gain of 18.61% in its stock price over the last five trading days. MarijuanaStocks reported 2023-09-26 that Marijuana stock investors are trying to stay sharp the last week of September. This week can be a big moment for the cannabis industry. At some point this week we will have legislators try to enact a cannabis banking bill. If this does become law we may see a substantial bounce in trading. Often when there is a strong catalyst for the sector cannabis stocks begin to trade up. Now this is not always the case and it depends on the reason.
Is It Worth Investing in Neptune Wellness Solutions Inc (NASDAQ: NEPT) Right Now?
, and the 36-month beta value for NEPT is at 2.28. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for NEPT is $877.67, which is $876.88 above the current market price. The public float for NEPT is 7.36M, and currently, shorts hold a 0.54% of that float. The average trading volume for NEPT on November 20, 2023 was 654.95K shares.
NEPT’s Market Performance
NEPT’s stock has seen a 18.61% increase for the week, with a -3.05% drop in the past month and a -91.04% fall in the past quarter. The volatility ratio for the week is 7.48%, and the volatility levels for the past 30 days are at 8.95% for Neptune Wellness Solutions Inc The simple moving average for the past 20 days is 11.21% for NEPT’s stock, with a -92.76% simple moving average for the past 200 days.
NEPT Trading at -53.17% from the 50-Day Moving Average
After a stumble in the market that brought NEPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.09% of loss for the given period.
Volatility was left at 8.95%, however, over the last 30 days, the volatility rate increased by 7.48%, as shares surge +6.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.54% lower at present.
During the last 5 trading sessions, NEPT rose by +20.92%, which changed the moving average for the period of 200-days by -97.97% in comparison to the 20-day moving average, which settled at $0.7174. In addition, Neptune Wellness Solutions Inc saw -93.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEPT starting from Neptune Securities Settlement, who sale 929 shares at the price of $0.70 back on Nov 10. After this action, Neptune Securities Settlement now owns 2,344,940 shares of Neptune Wellness Solutions Inc, valued at $650 using the latest closing price.
Neptune Securities Settlement, the 10% Owner of Neptune Wellness Solutions Inc, sale 28,079 shares at $0.71 during a trade that took place back on Nov 08, which means that Neptune Securities Settlement is holding 2,345,869 shares at $19,905 based on the most recent closing price.
Stock Fundamentals for NEPT
Current profitability levels for the company are sitting at:
- -93.86 for the present operating margin
- -9.31 for the gross margin
The net margin for Neptune Wellness Solutions Inc stands at -114.91. The total capital return value is set at -135.41, while invested capital returns managed to touch -179.62. Equity return is now at value -518.43, with -72.51 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.66, with the company’s debt to enterprise value settled at 1.80. The receivables turnover for the company is 6.97 and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
In conclusion, Neptune Wellness Solutions Inc (NEPT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
