Pot Stock Falling With Bearish Sentiment Thursday: Should You Add Neptune Wellness Solutions Inc (NEPT) To Your Portfolio?

Thursday, June 30, 2022 11:52 AM | InvestorsObserver Analysts

Mentioned in this article

Pot Stock Falling With Bearish Sentiment Thursday: Should You Add Neptune Wellness Solutions Inc (NEPT) To Your Portfolio?

NEPT stock is lower by 12.24% Thursday as the pot stock decreases $0.18 and underperforms the market. Neptune Wellness Solutions Inc (NEPT) stock has fallen 19.38% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Neptune Wellness Solutions Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NEPT!

See Full NEPT Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NEPT Stock Today?

Neptune Wellness Solutions Inc (NEPT) stock is trading at $1.29 as of 11:50 AM on Thursday, Jun 30, a decline of -$0.18, or -12.24% from the previous closing price of $1.47. The stock has traded between $1.28 and $1.37 so far today. Volume today is 227,038 compared to average volume of 257,085. To see InvestorsObserver's Sentiment Score for Neptune Wellness Solutions Inc click here.

More About Neptune Wellness Solutions Inc

Neptune Wellness Solutions Inc is a diversified and fully integrated health and wellness company. It is focused on building a broad portfolio of affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The company is a provider of turnkey product development and supply chain solutions to business customers across several health and wellness verticals, including legal cannabis and hemp, nutraceuticals and white label consumer packaged goods. It has a position in cannabis and hemp with research, development and commercialization focused on the use of cannabinoids in household products to make them safer, healthier and more effective. Click Here to get the full Stock Report for Neptune Wellness Solutions Inc stock.