At the time of writing, ARS Pharmaceuticals Inc [SPRY] stock is trading at $14.46, down -0.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPRY shares have gain 5.70% over the last week, with a monthly amount glided 11.40%, 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.
For the past year, the stock price of ARS Pharmaceuticals Inc fluctuated between $3.35 and $16.50. 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 $14.46 at the most recent close of the market. An investor can expect a potential return of 61.34% based on the average SPRY price forecast.
Analyzing the SPRY fundamentals
According to ARS Pharmaceuticals Inc [NASDAQ:SPRY], the company’s sales were 0.50M for trailing twelve months, which represents an 4900.00% jump. 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 13.81 points at the first support level, and at 13.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.88, and for the 2nd resistance point, it is at 15.30.
Ratios To Look Out For
It is important to note that ARS Pharmaceuticals Inc [NASDAQ:SPRY] has a current ratio of 32.78. On the other hand, the Quick Ratio is 32.78, and the Cash Ratio is 5.45. Considering the valuation of this stock, the price to sales ratio is 2803.50, the price to book ratio is 6.51.
Transactions by insiders
Recent insider trading involved Karas Eric, Chief Commercial Officer, that happened on Sep 18 ’24 when 10000.0 shares were sold. CHIEF MEDICAL OFFICER, Tanimoto Sarina completed a deal on Sep 17 ’24 to sell 100000.0 shares. Meanwhile, PRESIDENT AND CEO Lowenthal Richard E sold 100000.0 shares on Sep 17 ’24.
