The 36-month beta value for SPRY is also noteworthy at 0.90. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SPRY is 48.91M, and at present, short sellers hold a 23.79% of that float. The average trading volume of SPRY on October 03, 2024 was 1.10M shares.
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SPRY) stock’s latest price update
ARS Pharmaceuticals Inc (NASDAQ: SPRY) has experienced a decline in its stock price by -0.07 compared to its previous closing price of 14.46. However, the company has seen a gain of 2.85% in its stock price over the last five trading days. accesswire.com reported 2024-10-02 that LOS ANGELES, CA / ACCESSWIRE / October 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ARS Pharmaceuticals, Inc. (“ARS” or “the Company”) (NASDAQ:SPRY) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
SPRY’s Market Performance
ARS Pharmaceuticals Inc (SPRY) has seen a 2.85% rise in stock performance for the week, with a 21.02% gain in the past month and a 58.97% surge in the past quarter. The volatility ratio for the week is 6.95%, and the volatility levels for the past 30 days are at 6.01% for SPRY. The simple moving average for the past 20 days is 8.86% for SPRY’s stock, with a 56.38% simple moving average for the past 200 days.
Analysts’ Opinion of SPRY
Raymond James, on the other hand, stated in their research note that they expect to see SPRY reach a price target of $22, previously predicting the price at $18. The rating they have provided for SPRY stocks is “Strong Buy” according to the report published on August 13th, 2024.
Leerink Partners gave a rating of “Outperform” to SPRY, setting the target price at $20 in the report published on August 12th of the current year.
SPRY Trading at 16.18% from the 50-Day Moving Average
After a stumble in the market that brought SPRY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.42% of loss for the given period.
Volatility was left at 6.01%, however, over the last 30 days, the volatility rate increased by 6.95%, as shares surge +21.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.02% upper at present.
During the last 5 trading sessions, SPRY rose by +2.85%, which changed the moving average for the period of 200-days by +177.35% in comparison to the 20-day moving average, which settled at $13.40. In addition, ARS Pharmaceuticals Inc saw 163.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPRY starting from Karas Eric, who sale 10,000 shares at the price of $14.00 back on Sep 18 ’24. After this action, Karas Eric now owns 5,693 shares of ARS Pharmaceuticals Inc, valued at $140,000 using the latest closing price.
Tanimoto Sarina, the CHIEF MEDICAL OFFICER of ARS Pharmaceuticals Inc, sale 100,000 shares at $12.93 during a trade that took place back on Sep 17 ’24, which means that Tanimoto Sarina is holding 1,398,499 shares at $1,293,205 based on the most recent closing price.
Stock Fundamentals for SPRY
Current profitability levels for the company are sitting at:
- -120.71 for the present operating margin
- 0.87 for the gross margin
The net margin for ARS Pharmaceuticals Inc stands at -95.37. The total capital return value is set at -0.26. Equity return is now at value -19.34, with -18.66 for asset returns.
Based on ARS Pharmaceuticals Inc (SPRY), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -275.98. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -15.12.
Currently, EBITDA for the company is -67.45 million with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 2902.85. The receivables turnover for the company is 0.83for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 32.78.
Conclusion
In summary, ARS Pharmaceuticals Inc (SPRY) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
