At the time of writing, Spruce Biosciences Inc [SPRB] stock is trading at $0.52, up 11.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPRB shares have gain 22.14% over the last week, with a monthly amount glided 14.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Spruce Biosciences Inc [NASDAQ: SPRB] stock has seen the most recent analyst activity on March 14, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $2 from $9. Previously, Leerink Partners downgraded its rating to Market Perform on March 14, 2024, and dropped its price target to $2. On March 14, 2024, downgrade downgraded it’s rating to Neutral. H.C. Wainwright downgraded its rating to a Neutral. Guggenheim downgraded its rating to a Neutral. Guggenheim started tracking with a Buy rating for this stock on February 21, 2024, and assigned it a price target of $10. In a note dated December 17, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $15 on this stock.
For the past year, the stock price of Spruce Biosciences Inc fluctuated between $0.41 and $5.95. Spruce Biosciences Inc [NASDAQ: SPRB] shares were valued at $0.52 at the most recent close of the market.
Analyzing the SPRB fundamentals
According to Spruce Biosciences Inc [NASDAQ:SPRB], the company’s sales were 9.57M for trailing twelve months, which represents an -25.64% plunge. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at -4.96%, Pretax Profit Margin comes in at -4.5%, and Net Profit Margin reading is -4.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -0.6 and Total Capital is -0.78. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 0.4735 points at the first support level, and at 0.4278 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5537, and for the 2nd resistance point, it is at 0.5882.
Ratios To Look Out For
It is important to note that Spruce Biosciences Inc [NASDAQ:SPRB] has a current ratio of 5.17. As well, the Quick Ratio is 5.17, while the Cash Ratio is 4.88. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 0.36.
Transactions by insiders
Recent insider trading involved Novo Holdings A/S, 10% Owner, that happened on Mar 21 ’24 when 0.47 million shares were sold. 10% Owner, Novo Holdings A/S completed a deal on Mar 18 ’24 to sell 0.84 million shares. Meanwhile, 10% Owner Novo Holdings A/S sold 0.59 million shares on Mar 19 ’24.
