Spruce Biosciences Inc (NASDAQ: SPRB) on Monday, soared 7.57% from the previous trading day, before settling in for the closing price of $0.44. Within the past 52 weeks, SPRB’s price has moved between $0.41 and $5.95.
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The company achieved an average annual earnings per share of 19.76%. With a float of $28.51 million, this company’s outstanding shares have now reached $41.03 million.
Considering the fact that the conglomerate employs 29 people, you should pay attention to its efficiency factor.
Spruce Biosciences Inc (SPRB) Breakdown of a Key Holders of the stock
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Spruce Biosciences Inc is 30.96%, while institutional ownership is 24.10%. The most recent insider transaction that took place on Mar 21 ’24, was worth 350,951. In this transaction 10% Owner of this company sold 465,021 shares at a rate of $0.75, taking the stock ownership to the 2,550,000 shares. Before that another transaction happened on Mar 18 ’24, when Company’s 10% Owner sold 842,020 for $0.77, making the entire transaction worth $647,008. This insider now owns 3,968,000 shares in total.
Spruce Biosciences Inc (SPRB) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.3 earnings per share (EPS) for the period topping the consensus outlook (set at -0.35) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.76% per share during the next fiscal year.
Spruce Biosciences Inc (NASDAQ: SPRB) Trading Performance Indicators
Spruce Biosciences Inc (SPRB) is currently performing well based on its current performance indicators. A quick ratio of 5.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.05, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.93 in one year’s time.
Technical Analysis of Spruce Biosciences Inc (SPRB)
Compared to the last year’s volume of 0.74 million, its volume of 0.57 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.45%. Additionally, its Average True Range was 0.02.
During the past 100 days, Spruce Biosciences Inc’s (SPRB) raw stochastic average was set at 13.88%, which indicates a significant decrease from 84.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.25% in the past 14 days, which was lower than the 53.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4685, while its 200-day Moving Average is $1.5410. Nevertheless, the first resistance level for the watch stands at $0.4914 in the near term. At $0.5080, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5312. If the price goes on to break the first support level at $0.4516, it is likely to go to the next support level at $0.4284. Now, if the price goes above the second support level, the third support stands at $0.4118.
Spruce Biosciences Inc (NASDAQ: SPRB) Key Stats
Market capitalization of the company is 19.61 million based on 41,155K outstanding shares. Right now, sales total 10,090 K and income totals -47,920 K. The company made 1,610 K in profit during its latest quarter, and -9,180 K in sales during its previous quarter.
