Pot stock NEPT is in the clouds Tuesday, increasing 8.47%. Overall market sentiment has been down on Neptune Wellness Solutions Inc (NEPT) stock lately. NEPT receives a Bearish rating from InvestorsObserver Stock 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!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 $0.80 as of 2:38 PM on Tuesday, Jul 20, an increase of $0.06, or 8.47% from the previous closing price of $0.74. The stock has traded between $0.75 and $0.81 so far today. Volume today is more active than usual. So far 2,755,654 shares have traded compared to average volume of 1,758,216 shares.
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.
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