Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) has been given an average broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokerages have set a twelve-month consensus target price of $7.22 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Neptune Wellness Solutions an industry rank of 75 out of 256 based on the ratings given to related companies.
A number of research firms have commented on NEPT. ValuEngine raised shares of Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Zacks Investment Research lowered shares of Neptune Wellness Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. BidaskClub lowered shares of Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a report on Friday, September 20th. Finally, Echelon Wealth Partners reaffirmed a “buy” rating on shares of Neptune Wellness Solutions in a report on Wednesday, July 24th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in Neptune Wellness Solutions by 265.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,929 shares of the biotechnology company’s stock worth $43,000 after acquiring an additional 7,214 shares during the period. CIBC World Markets Inc. acquired a new stake in Neptune Wellness Solutions during the 1st quarter worth $63,000. Wells Fargo & Company MN grew its holdings in Neptune Wellness Solutions by 19.4% during the 2nd quarter. Wells Fargo & Company MN now owns 15,362 shares of the biotechnology company’s stock worth $67,000 after acquiring an additional 2,500 shares during the period. Royal Bank of Canada grew its holdings in shares of Neptune Wellness Solutions by 47.3% in the 2nd quarter. Royal Bank of Canada now owns 15,948 shares of the biotechnology company’s stock valued at $69,000 after buying an additional 5,121 shares during the period. Finally, Signition LP acquired a new position in shares of Neptune Wellness Solutions in the 2nd quarter valued at $87,000. 11.85% of the stock is owned by hedge funds and other institutional investors.
NEPT stock traded down $0.06 during trading on Monday, hitting $3.56. The company had a trading volume of 999,391 shares, compared to its average volume of 927,423. The firm has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.25. Neptune Wellness Solutions has a 12 month low of $2.42 and a 12 month high of $6.57. The stock has a market cap of $348.55 million, a price-to-earnings ratio of -25.43 and a beta of 1.85.
Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last released its earnings results on Wednesday, August 14th. The biotechnology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Neptune Wellness Solutions had a negative return on equity of 23.18% and a negative net margin of 107.62%. The business had revenue of $3.26 million for the quarter, compared to analyst estimates of $4.51 million. Equities research analysts predict that Neptune Wellness Solutions will post 0.01 earnings per share for the current fiscal year.
Neptune Wellness Solutions Company Profile
Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.
Further Reading: When can a hold rating present a buying opportunity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Neptune Wellness Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neptune Wellness Solutions and related companies with MarketBeat.com's FREE daily email newsletter.