Neptune Wellness (NASDAQ: NEPT) Acquires Delivery Orders Worth US$100M

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) has received delivery orders worth US$100 million. The company has secured orders from six different clients. NEPT has also announced that it is planning to add more products in specific areas that have the potential to gain success. The company has solidified its position as the emerging drug manufacturer and distributor of innovative consumer product goods.

The drug manufacturer is continuously striving to increase its business and create value for its shareholders. These purchase orders have confirmed that the company is successful in establishing its footprint in the growing market. It has also confirmed that the B2C and B2B dual go-to-market strategy of the company to assist consumers at both wholesale and retail levels is generating long-term revenue opportunities.

Neptune Wellness Solutions Inc. (NEPT) has seen some recent action in the marketplace and its shares closed at $1.9100 yesterday. Traders are starting to take interest in NEPT as the shares traded as high as $1.9200 and as low as $1.8000 in the prior market trading session.

Neptune Wellness Solutions Inc. (NEPT) average trading volume is 859.16K. However, in the prior market trading session Neptune Wellness Solutions Inc. (NEPT) traded 3,039,273 shares. The 1st support level on NEPT is $1.75 and the 1st resistance level on NEPT is $3.23. NEPT 50-day moving average is $2.0325 and NEPT 200day moving average is $2.5515.

Neptune Wellness Solutions Inc. (NEPT) current performance has been shown by the recent movement in NEPT shares. NEPT has performed -13.57% over the past month, NEPT has performed -28.73% over the past 90 days and NEPT has shown -29.52% over the past 1 year. Neptune Wellness Solutions Inc. (NEPT) has a 12 month range of $0.9600 to $3.5800. Neptune Wellness Solutions Inc. (NEPT) is trading 98.96% from its 12 month low and -46.65% from its 12 month high. Neptune Wellness Solutions Inc. (NEPT) is displaying a 10.78% short float displaying the sum short in the float.

NEPT has 128.78M shares outstanding and 84.19M shares in the float. Neptune Wellness Solutions Inc. (NEPT) presently has a market cap of $245.96M. The EPS next quarter for NEPT is -0.02 and the projected EPS next year is 66.70%. The market cap of Neptune Wellness Solutions Inc. (NEPT) at $245.96M signifies how many Traders own shares of NEPT and is based on the last price ($1.9100) of NEPT and the sum of shares outstanding (128.78M) with Neptune Wellness Solutions Inc. (NEPT).

Neptune Wellness Solutions Inc. (NEPT) has an aggregate debt/equity (mrq) is 2.98.
NEPT is trading 0.02% above (bullish) its SMA20, -10.78% below (bearish) its SMA50 and -16.89% below (bearish) its SMA200.

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