As of Friday close, ARS Pharmaceuticals Inc.’s (NASDAQ:SPRY) stock was up $0.29, moving up 7.90 percent to $3.96. The average number of shares traded per day over the past five days has been 8,015,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.30 fall in that time frame. In the last twenty days, the average volume was 2,473,520, while in the previous 50 days, it was 1,203,394.
Since last month, SPRY stock retreated -43.35%. Shares of the company fell to $2.55 on 09/20/23, the lowest level in the past month. A 52-week high of $9.65 was reached on 05/12/23 after having rallying from a 52-week low of $2.55. Since the beginning of this year, SPRY’s stock price has dropped by -53.58% or -$4.57, and marked a new high 3 times. However, the stock has declined by -58.96% since its 52-week high.
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SPRY stock investors should be aware that ARS Pharmaceuticals Inc. (SPRY) stock had its last reported insider trading activity 22 days ago on Sep 01. Shawver Laura, the Director of the company, disposed of 100,000 shares for $7.71 on Sep 01. It resulted in a $770,520 divestment by the insider. RA CAPITAL MANAGEMENT, L.P. added 3,750,000 shares at an average price of $6.20 on Aug 29. The insider now owns 5,856,774 shares following the transaction. On Aug 29, Director ORBIMED ADVISORS LLC bought 500,000 shares at $6.20 apiece. The transaction was valued at $3,100,000.
Valuation Metrics
The stock’s beta is 0.13. Besides these, the trailing price-to-sales (P/S) ratio of 291.91, the price-to-book (PB) ratio of 1.51.
Financial Health
In the three months ended June 29, ARS Pharmaceuticals Inc.’s quick ratio stood at 25.40, while its current ratio was 25.40, showing that the company is able to pay off its debt. Based on annual data, SPRY earned $36.83 million in gross profit and brought in $1.32 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -13.00%. Return on equity (ROE) for the past 12 months was -8.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SPRY’s revenue rose 100.0% during the quarter, while net income inched up to $10000.0. While analysts expected ARS Pharmaceuticals Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by -5.90%. During the quarter, the company generated -$22.34 million in EBITDA. The liabilities of ARS Pharmaceuticals Inc. were 10.2 million at the end of its most recent quarter ended June 29, and its total debt was $0.38 million. The value of shareholders’ equity is $95.57 million.
Technical Picture
This quick technical analysis looks at ARS Pharmaceuticals Inc.’s (SPRY) price momentum. With a historical volatility rate of 437.25%, the RSI 9-day stood at 25.96% on 22 September.
With respect to its five-day moving average, the current ARS Pharmaceuticals Inc. price is down by -45.45% percent or -$3.30. At present, SPRY shares trade -42.61% below its 20-day simple moving average and -39.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.44% below its SMA50 and -43.27% below its SMA200.
Stochastic coefficient K was 18.10% and Stochastic coefficient D was 15.87%, while ATR was 0.83. Given the Stochastic reading of 26.96% for the 14-day period, the RSI (14) reading has been calculated as 27.53%. As of today, the MACD Oscillator reading stands at -2.47, while the 14-day reading stands at -2.95.
Analyst Ratings
ARS Pharmaceuticals Inc. downgraded its rating on ARS Pharmaceuticals Inc. (NASDAQ: SPRY) to a Mkt perform in a note to investors on September 20, 2023. The analysts firm previously had an Outperform rating on the stock.ARS Pharmaceuticals Inc. (SPRY) has been rated Overweight by analysts. According to 0 brokerage firms, SPRY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ARS Pharmaceuticals Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $3.00 – $5.00. Based on these forecasts, analysts predict ARS Pharmaceuticals Inc. (SPRY) will achieve an average price target of $4.00.
