Ratio Analysis: Unpacking Spruce Biosciences Inc (SPRB)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $0.63 in the prior trading day, Spruce Biosciences Inc (NASDAQ: SPRB) closed at $0.53, down -15.91%. In other words, the price has decreased by -$15.91 from its previous closing price. On the day, 1.45 million shares were traded. SPRB stock price reached its highest trading level at $0.6299 during the session, while it also had its lowest trading level at $0.53.

Ratios:

Our goal is to gain a better understanding of SPRB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.67 and its Current Ratio is at 4.67. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on March 14, 2024, Downgraded its rating to Sector Perform and sets its target price to $2 from $9 previously.

On March 14, 2024, Leerink Partners Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation 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 359,979 shares of SPRB for $264,081 on Mar 20 ’24. The 10% Owner now owns 3,015,021 shares after completing the transaction at $0.73 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 25842374 and an Enterprise Value of -55189956. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at -5.45 whereas that against EBITDA is 1.075.

Stock Price History:

The Beta on a monthly basis for SPRB is 2.44, which has changed by -0.7715517 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, SPRB has reached a high of $5.95, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is -27.06%, while the 200-Day Moving Average is calculated to be -72.96%.

Shares Statistics:

The stock has traded on average 744.91K shares per day over the past 3-months and 560370 shares per day over the last 10 days, according to various share statistics. A total of 41.03M shares are outstanding, with a floating share count of 28.37M. Insiders hold about 31.07% of the company’s shares, while institutions hold 27.58% stake in the company. Shares short for SPRB as of 1715731200 were 123300 with a Short Ratio of 0.05, compared to 1713139200 on 163978. Therefore, it implies a Short% of Shares Outstanding of 123300 and a Short% of Float of 0.32.

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