Cannabis Stock Neptune Wellness Solutions Inc (NEPT) Surges 7.81% Thursday; Analysts Call It A Buy, Are They Wrong?

Thursday, January 20, 2022 03:29 PM | InvestorsObserver Analysts

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Cannabis Stock Neptune Wellness Solutions Inc (NEPT) Surges 7.81% Thursday; Analysts Call It A Buy, Are They Wrong?

Cannabis stock Neptune Wellness Solutions Inc is higher by 7.81% Thursday. 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 $0.873 and analyst’s rate the stock as a Buy.

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?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

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

Neptune Wellness Solutions Inc (NEPT) stock is trading at $0.44 as of 3:28 PM on Thursday, Jan 20, a gain of $0.03, or 7.81% from the previous closing price of $0.41. The stock has traded between $0.41 and $0.45 so far today. Volume today is below average. So far 344,313 shares have traded compared to average volume of 982,692 shares. Click Here to get the full Stock Report for Neptune Wellness Solutions Inc stock.