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The closing price of ARS Pharmaceuticals Inc (NASDAQ: SPRY) was $13.05 for the day, up 0.77% from the previous closing price of $12.95. In other words, the price has increased by $0.77 from its previous closing price. On the day, 1.27 million shares were traded. SPRY stock price reached its highest trading level at $13.31 during the session, while it also had its lowest trading level at $12.62.
Ratios:
Our analysis of SPRY’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 10 ’24 when Tanimoto Sarina sold 100,000 shares for $11.50 per share. The transaction valued at 1,149,775 led to the insider holds 1,396,494 shares of the business.
Lowenthal Richard E sold 100,000 shares of SPRY for $1,149,775 on Sep 10 ’24. The PRESIDENT AND CEO now owns 1,396,494 shares after completing the transaction at $11.50 per share. On Sep 10 ’24, another insider, Lowenthal Richard E, who serves as the Officer of the company, bought 300,000 shares for $11.36 each.
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 1265087872 and an Enterprise Value of 1046504000. For the stock, the TTM Price-to-Sale (P/S) ratio is 2530.13 while its Price-to-Book (P/B) ratio in mrq is 5.88. Its current Enterprise Value per Revenue stands at 2093.008 whereas that against EBITDA is -18.465.
Stock Price History:
Over the past 52 weeks, SPRY has reached a high of $16.50, while it has fallen to a 52-week low of $2.55. The 50-Day Moving Average of the stock is 11.78%, while the 200-Day Moving Average is calculated to be 49.31%.
Shares Statistics:
SPRY traded an average of 1.08M shares per day over the past three months and 920080 shares per day over the past ten days. A total of 96.41M shares are outstanding, with a floating share count of 48.76M. Insiders hold about 49.71% of the company’s shares, while institutions hold 38.13% stake in the company. Shares short for SPRY as of 1724976000 were 10960219 with a Short Ratio of 10.16, compared to 1722384000 on 9925990. Therefore, it implies a Short% of Shares Outstanding of 10960219 and a Short% of Float of 21.3.
