Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
As of close of business last night, Spruce Biosciences Inc’s stock clocked out at $0.40, down -3.41% from its previous closing price of $0.41. In other words, the price has decreased by -$3.41 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
To gain a deeper understanding of SPRB’s stock, we examine 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 0.32.
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 $0.34. The 50-Day Moving Average of the stock is 1.02%, while the 200-Day Moving Average is calculated to be -21.40%.
Shares Statistics:
A total of 41.30M shares are outstanding, with a floating share count of 28.56M. Insiders hold about 30.86% of the company’s shares, while institutions hold 23.54% stake in the company.
