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The closing price of ARS Pharmaceuticals Inc (NASDAQ: SPRY) was $14.19 for the day, up 1.36% from the previous closing price of $14.00. In other words, the price has increased by $1.36 from its previous closing price. On the day, 0.68 million shares were traded. SPRY stock price reached its highest trading level at $14.39 during the session, while it also had its lowest trading level at $13.85.
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 18 ’24 when Karas Eric sold 10,000 shares for $14.00 per share. The transaction valued at 140,000 led to the insider holds 5,693 shares of the business.
Tanimoto Sarina sold 100,000 shares of SPRY for $1,293,205 on Sep 17 ’24. The CHIEF MEDICAL OFFICER now owns 1,398,499 shares after completing the transaction at $12.93 per share. On Sep 17 ’24, another insider, Lowenthal Richard E, who serves as the PRESIDENT AND CEO of the company, sold 100,000 shares for $12.93 each. As a result, the insider received 1,293,205 and left with 1,398,499 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 1375601280 and an Enterprise Value of 1157017472. For the stock, the TTM Price-to-Sale (P/S) ratio is 2751.16 while its Price-to-Book (P/B) ratio in mrq is 6.39. Its current Enterprise Value per Revenue stands at 2314.035 whereas that against EBITDA is -20.415.
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 $3.35. The 50-Day Moving Average of the stock is 12.69%, while the 200-Day Moving Average is calculated to be 52.09%.
Shares Statistics:
SPRY traded an average of 1.11M shares per day over the past three months and 903980 shares per day over the past ten days. A total of 96.41M shares are outstanding, with a floating share count of 48.91M. Insiders hold about 49.55% of the company’s shares, while institutions hold 38.58% stake in the company. Shares short for SPRY as of 1726185600 were 11637226 with a Short Ratio of 10.49, compared to 1723680000 on 12065892. Therefore, it implies a Short% of Shares Outstanding of 11637226 and a Short% of Float of 22.620001000000002.
