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Cannabis Stock Drops 3.83% Monday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

Monday, October 18, 2021 02:09 PM | InvestorsObserver Analysts

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Cannabis Stock Drops 3.83% Monday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

Cannabis stock Neptune Wellness Solutions Inc is lower by 3.83% Monday. InvestorsObserver is giving Neptune Wellness Solutions Inc (NEPT) an Analyst Rating Rank of 20, meaning NEPT is ranked higher by analysts than 20% of stocks. The average price target for NEPT is $1.023 and analyst’s rate the stock as a Buy.

Overall Score - 3.7
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!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

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

Neptune Wellness Solutions Inc (NEPT) stock is trading at $0.53 as of 2:06 PM on Monday, Oct 18, a loss of -$0.02, or -3.83% from the previous closing price of $0.55. The stock has traded between $0.52 and $0.55 so far today. Volume today is 1,356,426 compared to average volume of 1,305,781. Click Here to get the full Stock Report for Neptune Wellness Solutions Inc stock.

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