SciSparc Ltd (NASDAQ:SPRC) saw a downside of -5.61% to close Friday at $0.15 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,147,840 shares of the company’s common stock. It has gained $0.1680 in the past week and touched a new high 2 times within the past 5 days. An average of 1,311,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,069,298.
SPRC’s 1-month performance is -6.13% or -$0.0145 on its low of $0.1407 reached on 08/29/23. The company’s shares have touched a 52-week low of $0.14 and high of $1.59, with the stock’s rally to the 52-week high happening on 02/17/23. YTD, SPRC has lost -79.74% or -$0.6024 and has reached a new high 7 times. However, the current price is down -90.37% from the 52-week high price.
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Valuation Metrics
SPRC stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.46 while the price-to-book (PB) in the most recent quarter is 0.16.
SciSparc Ltd’s quick ratio for the recent period was 0.92, with the current ratio over the same period at 1.09. In terms of profitability, the gross margin trailing 12 months is 62.21%. The trailing 12-month EBITDA margin is -601.34%. The firm’s gross profit as reported stood at $1.02 million against revenue of $1.35 million.
Earnings Surprise
Net income shrunk -123.55% to $2.59 million, while revenue of $0.0 was 100.0% off the previous quarter. SPRC stock balance sheet for the recent quarter shows that total liabilities totaled 11.38 million, with total debt at $27000.0.
Let’s look briefly at SciSparc Ltd (SPRC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 40.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 91.81%.
The stock’s 5-day moving average is $0.1557, reflecting a -3.10% or -$0.0049 change from its current price. SPRC is currently trading -2.86% above its 20-day SMA, -77.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -72.66% and SMA200 by-86.33%.
Stochastic %K and %D was 46.99% and 40.24% and the average true range (ATR) pointed at 0.0180. The RSI (14) points at 34.89%, while the 14-day stochastic is at 28.34% with the period’s ATR at 0.0218. The stock’s 9-day MACD Oscillator is pointing at 0.0044 and 0.0069 on the 14-day charts.
