As on Wednesday, Spruce Biosciences Inc (NASDAQ: SPRB) got off with the flyer as it spiked 0.86% to $0.71, before settling in for the price of $0.70 at the close. Taking a more long-term approach, SPRB posted a 52-week range of $0.68-$5.95.
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The Healthcare sector firm’s twelve-monthly sales growth has been 0.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -22.95%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 9.56%. This publicly-traded company’s shares outstanding now amounts to $41.03 million, simultaneously with a float of $22.16 million. The organization now has a market capitalization sitting at $29.06 million. At the time of writing, stock’s 50-day Moving Average stood at $2.9415, while the 200-day Moving Average is $2.2775.
Spruce Biosciences Inc (SPRB) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Spruce Biosciences Inc’s current insider ownership accounts for 46.15%, in contrast to 36.72% institutional ownership. According to the most recent insider trade that took place on Mar 21 ’24, this organization’s 10% Owner sold 465,021 shares at the rate of 0.75, making the entire transaction reach 350,951 in total value, affecting insider ownership by 2,550,000. Preceding that transaction, on Mar 20 ’24, Company’s 10% Owner sold 359,979 for 0.73, making the whole transaction’s value amount to 264,081. This particular insider is now the holder of 3,015,021 in total.
Spruce Biosciences Inc (SPRB) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 20.22 per share during the current fiscal year.
Spruce Biosciences Inc’s EPS increase for this current 12-month fiscal period is 9.56% and is forecasted to reach -0.99 in the upcoming year.
Spruce Biosciences Inc (NASDAQ: SPRB) Trading Performance Indicators
Let’s observe the current performance indicators for Spruce Biosciences Inc (SPRB). It’s Quick Ratio in the last reported quarter now stands at 4.18. The Stock has managed to achieve an average true range (ATR) of 0.18. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.88.
In the same vein, SPRB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.26, a figure that is expected to reach -0.29 in the next quarter, and analysts are predicting that it will be -0.99 at the market close of one year from today.
Technical Analysis of Spruce Biosciences Inc (SPRB)
Through scrutinizing the latest numbers posted by the [Spruce Biosciences Inc, SPRB], it can be observed that its last 5-days Average volume of 0.76 million was lower the volume of 1.15 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 11.66% While, its Average True Range was 0.1099.
Raw Stochastic average of Spruce Biosciences Inc (SPRB) in the period of the previous 100 days is set at 0.52%, which indicates a major fall in contrast to 12.33% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 54.38% that was lower than 306.41% volatility it exhibited in the past 100-days period.
