The stock of ARS Pharmaceuticals Inc. (NASDAQ:SPRY) decreased by -$0.83 on Tuesday to finish at $6.61, down -11.22 percent. The last five days have seen an average of 1,125,240 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.92. The average number of shares traded over the last 20 days was 656,010, while the average volume over the last 50 days totaled 488,036.
SPRY stock dropped -1.12% since last month. On 09/19/23, the company’s shares reached a one-month low of $6.57. 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 -22.57% or -$1.92 this year, reaching a new high 3 times. Still, the stock price is down -31.55% 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 19 days ago on Sep 01. On Sep 01, Director Shawver Laura sold 100,000 shares at $7.71 each. This transaction resulted in the insider making $770,520. On Aug 29, RA CAPITAL MANAGEMENT, L.P. added 3,750,000 shares at a price of US$6.20. After the transaction, the insider now owns 5,856,774 shares. Director ORBIMED ADVISORS LLC had earlier bought 500,000 shares on Aug 29 for $6.20 a share. The transaction was completed for $3,100,000.
Valuation Metrics
Beta for the stock is -0.14. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 486.89, the price-to-book (PB) ratio of 2.52.
Financial Health
For the three months ended June 29, ARS Pharmaceuticals Inc.’s quick ratio was 25.40, while its current ratio was 25.40, 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 -8.50%. 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 -8.70%.
Earnings Surprise
According to ARS Pharmaceuticals Inc.’s quarterly financial report for the quarter that ended June 29. 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 19 September, the RSI 9-day stood at 30.19%, suggesting the stock is Neutral, with a 62.61% historical volatility rate.
The stochastic %K and %D were 28.84% and 36.41% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 2.45%, the RSI (14) reading is 36.89%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.13.
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 $15.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for ARS Pharmaceuticals Inc. (SPRY) is $14.00.
