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As of close of business last night, ARS Pharmaceuticals Inc’s stock clocked out at $14.77, down -4.09% from its previous closing price of $15.40. In other words, the price has decreased by -$4.09 from its previous closing price. On the day, 0.84 million shares were traded. SPRY stock price reached its highest trading level at $15.75 during the session, while it also had its lowest trading level at $14.76.
Ratios:
To gain a deeper understanding of SPRY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 32.78 and its Current Ratio is at 32.78. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On August 13, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $18 to $22.
Leerink Partners reiterated its Outperform rating for the stock on August 12, 2024, while the target price for the stock was revised from $19 to $20.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 16 ’24 when Scott Kathleen D. sold 12,500 shares for $16.00 per share. The transaction valued at 200,000 led to the insider holds 4,949 shares of the business.
Tanimoto Sarina sold 100,000 shares of SPRY for $1,487,595 on Oct 15 ’24. The CHIEF MEDICAL OFFICER now owns 1,298,499 shares after completing the transaction at $14.88 per share. On Oct 15 ’24, another insider, Lowenthal Richard E, who serves as the PRESIDENT AND CEO of the company, sold 100,000 shares for $14.88 each. As a result, the insider received 1,487,595 and left with 1,298,499 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, SPRY now has a Market Capitalization of 1555916160 and an Enterprise Value of 1213243520. For the stock, the TTM Price-to-Sale (P/S) ratio is 2863.61 while its Price-to-Book (P/B) ratio in mrq is 6.65. Its current Enterprise Value per Revenue stands at 2426.487 whereas that against EBITDA is -21.407.
Stock Price History:
Over the past 52 weeks, SPRY has reached a high of $17.08, while it has fallen to a 52-week low of $3.38. The 50-Day Moving Average of the stock is 5.99%, while the 200-Day Moving Average is calculated to be 46.22%.
Shares Statistics:
It appears that SPRY traded 1.14M shares on average per day over the past three months and 1016530 shares per day over the past ten days. A total of 96.41M shares are outstanding, with a floating share count of 49.21M. Insiders hold about 49.24% of the company’s shares, while institutions hold 39.09% stake in the company. Shares short for SPRY as of 1728950400 were 11915667 with a Short Ratio of 10.47, compared to 1726185600 on 11637226. Therefore, it implies a Short% of Shares Outstanding of 11915667 and a Short% of Float of 23.16.
