Why Do Investors Buy Stock In Neptune Wellness Solutions Inc. (NEPT)?
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has seen 2.02 million shares traded in the last trading session. The company, currently valued at $239.96M, closed the last trade at $1.45 per share which meant it lost -$0.01 on the day or -0.68% during that session. The NEPT stock price is -148.28% off its 52-week high price of $3.60 and 26.9% above the 52-week low of $1.06. If we look at the companys 10-day average daily trading volume, we find that it stood at 2.2 million shares traded. The 3-month trading volume is 2.49 million shares. The consensus among analysts is that Neptune Wellness Solutions Inc. (NEPT) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02. Neptune Wellness Solutions Inc. (NASDAQ:NEPT) trade information  Sporting -0.68% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the NEPT stock price touched $1.45 or saw a rise of 2.68%. Year-to-date, Neptune Wellness Solutions Inc. shares have moved -7.05%, while the 5-day performance has seen it change 5.84%. Over the past 30 days, the shares of Neptune Wellness Solutions Inc. (NASDAQ:NEPT) have changed 25.00%. Short interest in the company has seen 6.64 million shares shorted with days to cover at 2.64. Wall Street analysts have a consensus price target for the stock at $2.66, which means that the shares value could jump 45.49% from current levels. The projected low price target is $1.97 while the price target rests at a high of $3.20. In that case, then, we find that the current price level is -120.69% off the targeted high while a plunge would see the stock gain -35.86% from current levels. Neptune Wellness Solutions Inc. (NEPT) estimates and forecasts  Figures show that Neptune Wellness Solutions Inc. shares have underperformed across the wider relevant industry. The companys shares have lost -8.23% over the past 6 months, with this year growth rate of -86.05%, compared to 13.40% for the industry. NEPT Dividends  Neptune Wellness Solutions Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Neptune Wellness Solutions Inc. (NASDAQ:NEPT)s Major holders  Insiders own 10.13% of the company shares, while shares held by institutions stand at 14.77% with a share float percentage of 16.43%. Investors are also buoyed by the number of investors in a company, with Neptune Wellness Solutions Inc. having a total of 62 institutions that hold shares in the company. The top two institutional holders are Perceptive Advisors Llc with over 12.85 million shares worth more than $16.83 million. As of Mar 30, 2021, Perceptive Advisors Llc held 7.76% of shares outstanding. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  The other major institutional holder is Penserra Capital Management LLC, with the holding of over 1.4 million shares as of Mar 30, 2021. The firms total holdings are worth over $1.84 million and represent 0.85% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Amplify Seymour Cannabis ETF and Spinnaker ETF Tr-Cannabis ETF. As of Mar 30, 2021, the former fund manager holds about 0.85% shares in the company for having 1.4 million shares of worth $1.84 million while later fund manager owns 1.31 million shares of worth $2.07 million as of Feb 27, 2021, which makes it owner of about 0.79% of companys outstanding stock.