Cannabis Stock Drops 1.96% Wednesday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

Wednesday, October 06, 2021 02:44 PM | InvestorsObserver Analysts

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Cannabis Stock Drops 1.96% Wednesday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

NEPT, a player in the cannabis market, is lower by 1.96% Wednesday as it underperforms the market as a whole. Wall Street is positive on Neptune Wellness Solutions Inc (NEPT). On average, analysts give the stock a Buy rating. The average price target is $1.023, which means analysts expect the stock to add by 79.47% over the next twelve months. That average ranking earns the stock an Analyst Rating of 20, which is better than 20% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating NEPT a Buy today. Find out what this means to you and get the rest of the rankings on NEPT!

See Full NEPT Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Neptune Wellness Solutions Inc Stock Today?

Neptune Wellness Solutions Inc (NEPT) stock is trading at $0.57 as of 2:43 PM on Wednesday, Oct 6, a loss of -$0.01, or -1.96% from the previous closing price of $0.58. The stock has traded between $0.57 and $0.58 so far today. Volume today is below average. So far 214,059 shares have traded compared to average volume of 1,273,190 shares. Click Here to get the full Stock Report for Neptune Wellness Solutions Inc stock.