Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Spruce Biosciences Inc (NASDAQ: SPRB) closed the day trading at $0.40 down -6.87% from the previous closing price of $0.43. In other words, the price has decreased by -$6.87 from its previous closing price. On the day, 1.0 million shares were traded. SPRB stock price reached its highest trading level at $0.439 during the session, while it also had its lowest trading level at $0.3922.
Ratios:
For a better understanding of SPRB, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.36 and its Current Ratio is at 5.36. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on March 14, 2024, whereas the target price for the stock was revised from $9 to $2.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 ’24 when Novo Holdings A/S sold 465,021 shares for $0.75 per share. The transaction valued at 350,951 led to the insider holds 2,550,000 shares of the business.
Novo Holdings A/S sold 842,020 shares of SPRB for $647,008 on Mar 18 ’24. The 10% Owner now owns 3,968,000 shares after completing the transaction at $0.77 per share. On Mar 19 ’24, another insider, Novo Holdings A/S, who serves as the 10% Owner of the company, sold 593,000 shares for $0.76 each. As a result, the insider received 447,715 and left with 3,375,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPRB now has a Market Capitalization of 16521040 and an Enterprise Value of -40578960. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at -5.715 whereas that against EBITDA is 0.94.
Stock Price History:
Over the past 52 weeks, SPRB has reached a high of $5.95, while it has fallen to a 52-week low of $0.37. The 50-Day Moving Average of the stock is -17.99%, while the 200-Day Moving Average is calculated to be -29.36%.
Shares Statistics:
Over the past 3-months, SPRB traded about 552.54K shares per day on average, while over the past 10 days, SPRB traded about 407460 shares per day. A total of 41.30M shares are outstanding, with a floating share count of 26.75M. Insiders hold about 35.23% of the company’s shares, while institutions hold 22.15% stake in the company. Shares short for SPRB as of 1734048000 were 218979 with a Short Ratio of 0.40, compared to 1731628800 on 71034. Therefore, it implies a Short% of Shares Outstanding of 218979 and a Short% of Float of 0.5599999999999999.
