Neptune Neptune Wellness Solutions Inc. (NASDAQ: NEPT) is a midcap Canadian marijuana company with a compelling stock price for bargain investors. Trading at just over $2 today, this stock could be the perfect addition to an alternative portfolio.

Neptune is an interesting pick because the company had strong momentum before the Coronavirus Pandemic disrupted the economy. With declining sales due to the virus and related lockdowns, the company shifted some of its production to produce plant-based hand sanitizer, with approval from Health Canada. It is currently in discussions to distribute its sanitizer products in the United States.

In the 2019 fiscal year, Neptune generated $24.44 million in revenue and $4.56 million in gross income, for a gross profit margin of 18.65%. Analysts expect that sales will pick up again as areas of North America come out of lockdown.

Consider this stock for its low price and potential for an upside. The average analyst target of $3.79 suggests significant gains for investors who buy now.

Key Data:

  • 1 Year Price Growth: -50.12%
  • YTD Price Growth: -25.45%
  • 3 Month Price Growth: -9.29%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.