Cannabis stock NEPT is in the clouds Monday, increasing 31.2%. Analysts who follow Neptune Wellness Solutions Inc (NEPT) on average expect it to climb 112.22% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns NEPT an Analyst Ranking of 20, which means it ranks higher than 20 of stocks, based on data compiled by InvestorsObserver.
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 $0.27 as of 1:10 PM on Monday, Mar 21, a rise of $0.06, or 31.2% from the previous closing price of $0.21. The stock has traded between $0.26 and $0.27 so far today. Volume today is 1,924,390 compared to average volume of 1,643,533.
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