Spruce Biosciences Inc (NASDAQ: SPRB) kicked off on Tuesday, up 4.04% from the previous trading day, before settling in for the closing price of $0.39. Over the past 52 weeks, SPRB has traded in a range of $0.37-$5.95.
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While this was happening, its average annual earnings per share was recorded 24.68%. With a float of $27.36 million, this company’s outstanding shares have now reached $41.30 million.
Let’s determine the extent of company efficiency that accounts for 29 employees. In terms of profitability, gross margin is -14.36%, operating margin of -608.94%, and the pretax margin is -555.23%.
Spruce Biosciences Inc (SPRB) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Spruce Biosciences Inc is 33.75%, while institutional ownership is 22.15%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.68% per share during the next fiscal year.
Spruce Biosciences Inc (NASDAQ: SPRB) Trading Performance Indicators
Take a look at Spruce Biosciences Inc’s (SPRB) current performance indicators. Last quarter, stock had a quick ratio of 5.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.57 in one year’s time.
Technical Analysis of Spruce Biosciences Inc (SPRB)
Looking closely at Spruce Biosciences Inc (NASDAQ: SPRB), its last 5-days average volume was 1.59 million, which is a jump from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 11.73%. Additionally, its Average True Range was 0.04.
During the past 100 days, Spruce Biosciences Inc’s (SPRB) raw stochastic average was set at 14.45%, which indicates a significant decrease from 16.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.02% in the past 14 days, which was higher than the 63.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5074, while its 200-day Moving Average is $0.7403. However, in the short run, Spruce Biosciences Inc’s stock first resistance to watch stands at $0.4187. Second resistance stands at $0.4330. The third major resistance level sits at $0.4480. If the price goes on to break the first support level at $0.3894, it is likely to go to the next support level at $0.3744. Now, if the price goes above the second support level, the third support stands at $0.3601.
Spruce Biosciences Inc (NASDAQ: SPRB) Key Stats
The company with the Market Capitalisation of 16.70 million has total of 41,303K Shares Outstanding. Its annual sales at the moment are 10,090 K in contrast with the sum of -47,920 K annual income. Company’s last quarter sales were recorded 600 K and last quarter income was -8,670 K.
