The stock of ARS Pharmaceuticals Inc. (NASDAQ:SPRY) decreased by -$0.02 on Friday to finish at $6.83, down -0.29 percent. The last five days have seen an average of 331,520 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.70. The average number of shares traded over the last 20 days was 349,005, while the average volume over the last 50 days totaled 574,534.
SPRY stock dropped -0.73% since last month. On 07/12/23, the company’s shares reached a one-month low of $6.39. The stock touched a high of $9.65 on 05/12/23, after rallying from a low of $3.99 in 52 weeks. The price of SPRY stock has declined by -19.93% or -$1.70 this year, reaching a new high 3 times. Still, the stock price is down -29.22% from the 52-week high.
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Insider Transactions
SPRY stock investors should be aware that ARS Pharmaceuticals Inc. (SPRY) stock had its last reported insider trading activity 10 days ago on Aug 04. On Aug 04, Director Shawver Laura sold 18,897 shares at $7.06 each. This transaction resulted in the insider making $133,471. On Aug 03, Shawver Laura sold 26,107 shares at a price of US$7.01. After the transaction, the insider now owns 210,346 shares. Director Shawver Laura had earlier sold 36,281 shares on Aug 02 for $7.09 a share. The transaction was completed for $257,265.
Valuation Metrics
Beta for the stock is -0.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 499.38, the price-to-book (PB) ratio of 2.47.
Financial Health
For the three months ended June 29, ARS Pharmaceuticals Inc.’s quick ratio was 27.20, while its current ratio was 27.20, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $36.83 million and revenue of $1.32 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SPRY’s return on assets (ROA) during the last 12 months has been -12.40%. There was a -13.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.80%.
Earnings Surprise
According to ARS Pharmaceuticals Inc.’s quarterly financial report for the quarter that ended June 29, it had $133.19 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10000.0, while revenues rose by 100.0% to $20000.0. It was predicted that ARS Pharmaceuticals Inc.’s quarterly earnings would be -$0.18, but it ended up being -$0.17, beating the consensus by -5.90%. EBITDA was -$22.34 million for the quarter. At the end of ARS Pharmaceuticals Inc.’s most recent quarter ended June 29, its liabilities totaled 10.2 million, while its total debt was $0.38 million. Equity owned by shareholders amounts to $95.57 million.
Technical Picture
Here’s a quick look at ARS Pharmaceuticals Inc.’s (SPRY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 43.60%, suggesting the stock is Neutral, with a 17.13% historical volatility rate.
The stochastic %K and %D were 31.87% and 32.76% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 37.65%, the RSI (14) reading is 47.39%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.14.
Analyst Ratings
In its analyst report released on January 31, 2023, Wedbush began covering ARS Pharmaceuticals Inc. (NASDAQ: SPRY). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned ARS Pharmaceuticals Inc. (SPRY) an Buy rating. SPRY is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SPRY’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $19.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for ARS Pharmaceuticals Inc. (SPRY) is $15.67.
