The stock of SciSparc Ltd (NASDAQ: SPRC) has decreased by -6.45 when compared to last closing price of 1.86.Despite this, the company has seen a loss of -20.18% in its stock price over the last five trading days. InvestorPlace reported 2024-01-24 that Cannabinoid biotech specialist SciSparc (NASDAQ: SPRC ) is enjoying a much-needed boost on Wednesday thanks to a key investment deal. This morning, management announced an equity purchase agreement with a private-equity fund, reflecting confidence in the otherwise embattled business.
Is It Worth Investing in SciSparc Ltd (NASDAQ: SPRC) Right Now?
The price-to-earnings ratio for SciSparc Ltd (NASDAQ: SPRC) is 0.90x, which is above its average ratio. Moreover, the 36-month beta value for SPRC is 1.32.
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The public float for SPRC is 2.45M and currently, short sellers hold a 5.67% of that float. On March 28, 2024, SPRC’s average trading volume was 1.09M shares.
SPRC’s Market Performance
The stock of SciSparc Ltd (SPRC) has seen a -20.18% decrease in the past week, with a -55.50% drop in the past month, and a -62.98% fall in the past quarter. The volatility ratio for the week is 7.67%, and the volatility levels for the past 30 days are at 13.04% for SPRC. The simple moving average for the past 20 days is -40.05% for SPRC’s stock, with a -73.19% simple moving average for the past 200 days.
SPRC Trading at -50.21% from the 50-Day Moving Average
After a stumble in the market that brought SPRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.65% of loss for the given period.
Volatility was left at 13.04%, however, over the last 30 days, the volatility rate increased by 7.67%, as shares sank -53.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.81% lower at present.
During the last 5 trading sessions, SPRC fell by -20.18%, which changed the moving average for the period of 200-days by -88.27% in comparison to the 20-day moving average, which settled at $2.8022. In addition, SciSparc Ltd saw -64.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SPRC
Current profitability levels for the company are sitting at:
- -1.94 for the present operating margin
- 0.47 for the gross margin
The net margin for SciSparc Ltd stands at 0.09. The total capital return value is set at -0.95. Equity return is now at value 8.05, with 2.36 for asset returns.
Currently, EBITDA for the company is -8.51 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 3.87for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To wrap up, the performance of SciSparc Ltd (SPRC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
