As of Wednesday close, SciSparc Ltd.’s (NASDAQ:SPRC) stock traded at $0.18. The average number of shares traded per day over the past five days has been 2,134,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.3150 fall in that time frame. In the last twenty days, the average volume was 1,189,760, while in the previous 50 days, it was 539,828.
Since last month, SPRC stock retreated -66.66%. Shares of the company fell to $0.1690 on 08/14/23, the lowest level in the past month. A 52-week high of $1.59 was reached on 02/17/23 after having rallying from a 52-week low of $0.17. Since the beginning of this year, SPRC’s stock price has dropped by -76.17% or -$0.5755, and marked a new high 7 times. However, the stock has declined by -88.68% since its 52-week high.
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Financial Health
Based on annual data, SPRC earned $1.02 million in gross profit and brought in $1.35 million in revenue.
SPRC’s revenue rose 100.0% during the quarter, while net income inched up to $1.35 million. The liabilities of SciSparc Ltd. were 11.38 million at the end of its most recent quarter, and its total debt was $27000.0.
Technical Picture
This quick technical analysis looks at SciSparc Ltd.’s (SPRC) price momentum. With a historical volatility rate of 501.41%, the RSI 9-day stood at 19.10% on 16 August.
With respect to its five-day moving average, the current SciSparc Ltd. price is down by -63.64% percent or -$0.3150. At present, SPRC shares trade -66.67% below its 20-day simple moving average and -65.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -73.53% below its SMA50 and -80.65% below its SMA200.
Stochastic coefficient K was 2.95% and Stochastic coefficient D was 2.61%, while ATR was 0.0571. Given the Stochastic reading of 2.49% for the 14-day period, the RSI (14) reading has been calculated as 21.87%. As of today, the MACD Oscillator reading stands at -0.1151, while the 14-day reading stands at -0.1721.
Analyst Ratings
SciSparc Ltd. (SPRC) has been rated Buy by analysts. According to 0 brokerage firms, SPRC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SciSparc Ltd. stock as buy, with 1 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $20.00 – $20.00. Based on these forecasts, analysts predict SciSparc Ltd. (SPRC) will achieve an average price target of $20.00.
