A new trading day began on Friday, with Spruce Biosciences Inc (NASDAQ: SPRB) stock price down -4.75% from the previous day of trading, before settling in for the closing price of $0.38. SPRB’s price has ranged from $0.34 to $5.95 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 24.68%. With a float of $28.49 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Spruce Biosciences Inc is 31.03%, 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
Here are Spruce Biosciences Inc’s current performance indicators. According to the last quarter’s results, the 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 2.12.
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 0.49 million, which is a drop from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 31.65%. Additionally, its Average True Range was 0.03.
During the past 100 days, Spruce Biosciences Inc’s (SPRB) raw stochastic average was set at 8.54%, which indicates a significant decrease from 20.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.65% in the past 14 days, which was lower than the 66.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4572, while its 200-day Moving Average is $0.5506. However, in the short run, Spruce Biosciences Inc’s stock first resistance to watch stands at $0.3804. Second resistance stands at $0.3960. The third major resistance level sits at $0.4090. If the price goes on to break the first support level at $0.3518, it is likely to go to the next support level at $0.3388. Now, if the price goes above the second support level, the third support stands at $0.3232.
Spruce Biosciences Inc (NASDAQ: SPRB) Key Stats
With a market capitalization of 15.07 million, the company has a total of 41,303K Shares Outstanding. Currently, annual sales are 10,090 K while annual income is -47,920 K. The company’s previous quarter sales were 600 K while its latest quarter income was -8,670 K.
