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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.95 million shares were traded. SPRY stock price reached its highest trading level at $13.0955 during the session, while it also had its lowest trading level at $12.53.
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 Aug 26 ’24 when Thompson Peter A. sold 83,695 shares for $13.00 per share. The transaction valued at 1,088,035 led to the insider holds 0 shares of the business.
ORBIMED ADVISORS LLC sold 83,695 shares of SPRY for $1,088,035 on Aug 26 ’24. The Director now owns 0 shares after completing the transaction at $13.00 per share. On Aug 21 ’24, another insider, Thompson Peter A., who serves as the Director of the company, sold 407,700 shares for $13.56 each. As a result, the insider received 5,526,601 and left with 544,677 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 1258301952 and an Enterprise Value of 1039718080. For the stock, the TTM Price-to-Sale (P/S) ratio is 2516.56 while its Price-to-Book (P/B) ratio in mrq is 5.85. Its current Enterprise Value per Revenue stands at 2079.436 whereas that against EBITDA is -18.346.
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 19.81%, while the 200-Day Moving Average is calculated to be 55.97%.
Shares Statistics:
SPRY traded an average of 980.42K shares per day over the past three months and 1623030 shares per day over the past ten days. A total of 96.41M shares are outstanding, with a floating share count of 48.63M. Insiders hold about 49.92% of the company’s shares, while institutions hold 38.13% stake in the company. Shares short for SPRY as of 1723680000 were 12065892 with a Short Ratio of 12.31, compared to 1721001600 on 8738917. Therefore, it implies a Short% of Shares Outstanding of 12065892 and a Short% of Float of 23.45.
