SciSparc Ltd. (NASDAQ:SPRC) finished Thursday with a subtraction of $0.0 to close at $0.16, an upside of 0.06 percent. An average of 1,944,711 shares of common stock have been traded in the last five days. There was a fall of -$0.0158 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,714,233 shares traded, while the 50-day average volume stands at 732,145.
SPRC stock has decreased by -69.07% in the last month. The company shares reached their 1-month lowest point of $0.1511 on 08/25/23. With the stock rallying to its 52-week high on 02/17/23, shares of the company touched a low of $0.16 and a high of $1.59 in 52 weeks. It has reached a new high 7 times so far this year and lost -79.13% or -$0.6005 in price. In spite of this, the price is down -90.08% from the 52-week high.
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Financial Health
SciSparc Ltd.’s EBITDA margin is -601.34%. Its gross profit as reported stood at $1.02 million compared to revenue of $1.35 million.
Earnings Surprise
The company posted a net income of $2.59 million in the quarter, while revenues were shrunk -123.55%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SciSparc Ltd. (SPRC) price momentum. RSI 9-day as of the close on 24 August was 19.01%, suggesting the stock is oversold, with historical volatility in this time frame at 49.05%.
As of today, SPRC’s price is $0.1646 -9.25% or -$0.0158 from its 5-day moving average. SPRC is currently trading -68.31% lower than its 20-day SMA and -65.11% lower than its 100-day SMA. However, the stock’s current price level is -72.81% below the SMA50 and -85.38% below the SMA200.
The stochastic %K and %D were 0.59% and 0.83%, respectively, and the average true range (ATR) was 0.0339. With the 14-day stochastic at 0.85% and the average true range at 0.0380, the RSI (14) stands at 21.58%. The stock has reached -0.0114 on the 9-day MACD Oscillator while the 14-day reading was at -0.0566.
Analyst Ratings
The consensus rating for SciSparc Ltd. (SPRC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPRC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is SPRC’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $20.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for SciSparc Ltd. (SPRC) stock is $20.00.
