ARS Pharmaceuticals Inc [SPRY] stock prices are up 4.26% to $12.00 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPRY shares have gain 0.59% over the last week, with a monthly amount glided 10.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Strong Buy on August 13, 2024, and elevated its price target to $22. On August 12, 2024, Leerink Partners reiterated its Outperform rating and revised its price target to $20 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $18 on July 25, 2024. Leerink Partners upgraded its rating to a Outperform and raised its price target to $18 on March 05, 2024. William Blair upgraded its rating to Outperform for this stock on February 20, 2024. In a note dated September 20, 2023, William Blair downgraded an Mkt Perform rating on this stock.
The stock price of ARS Pharmaceuticals Inc [SPRY] has been fluctuating between $2.55 and $16.50 over the past year. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. ARS Pharmaceuticals Inc [NASDAQ: SPRY] shares were valued at $12.00 at the most recent close of the market. An investor can expect a potential return of 94.42% based on the average SPRY price forecast.
Analyzing the SPRY fundamentals
The ARS Pharmaceuticals Inc [NASDAQ:SPRY] reported sales of 0.50M for trailing twelve months, representing a surge of 4900.00%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at -120.71%, Pretax Profit Margin comes in at -95.37%, and Net Profit Margin reading is -95.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.2 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.55 points at the first support level, and at 11.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.27, and for the 2nd resistance point, it is at 12.53.
Ratios To Look Out For
It’s worth pointing out that ARS Pharmaceuticals Inc [NASDAQ:SPRY]’s Current Ratio is 32.78. Further, the Quick Ratio stands at 32.78, while the Cash Ratio is 5.45. Considering the valuation of this stock, the price to sales ratio is 2326.56, the price to book ratio is 5.40.
Transactions by insiders
Recent insider trading involved Lowenthal Richard E, Officer, that happened on Sep 10 ’24 when 0.3 million shares were purchased. Director, Thompson Peter A. completed a deal on Aug 26 ’24 to sell 83695.0 shares. Meanwhile, Director ORBIMED ADVISORS LLC sold 83695.0 shares on Aug 26 ’24.
