Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Spruce Biosciences Inc (NASDAQ: SPRB) closed at $0.36 in the last session, down -8.48% from day before closing price of $0.39. In other words, the price has decreased by -$8.48 from its previous closing price. On the day, 0.63 million shares were traded.
Ratios:
We take a closer look at SPRB’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 2.07 while its Price-to-Book (P/B) ratio in mrq is 0.28.
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 -9.53%, while the 200-Day Moving Average is calculated to be -28.58%.
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.
