What Are The Chances Of ARS Pharmaceuticals Inc. (SPRY) Being A Good Investment?

ARS Pharmaceuticals Inc (NASDAQ:SPRY) has a beta value of 0.85 and has seen 1.28 million shares traded in the recent trading session. The company, currently valued at $1.08B, closed the recent trade at $11.16 per share which meant it gained $0.28 on the day or 2.57% during that session. The SPRY stock price is -6.63% off its 52-week high price of $11.90 and 77.15% above the 52-week low of $2.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.83 million shares traded. The 3-month trading volume is 639.90K shares.

The consensus among analysts is that ARS Pharmaceuticals Inc (SPRY) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.

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ARS Pharmaceuticals Inc (NASDAQ:SPRY) trade information

Sporting 2.57% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SPRY stock price touched $11.16 or saw a rise of 7.15%. Year-to-date, ARS Pharmaceuticals Inc shares have moved 103.64%, while the 5-day performance has seen it change 19.73%. Over the past 30 days, the shares of ARS Pharmaceuticals Inc (NASDAQ:SPRY) have changed -1.68%. Short interest in the company has seen 8.74 million shares shorted with days to cover at 9.94.

Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 38.0% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the latest price level in today’s session is -61.29% off the targeted high while a plunge would see the stock gain -61.29% from the levels at last check today.

ARS Pharmaceuticals Inc (SPRY) estimates and forecasts

Figures show that ARS Pharmaceuticals Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 57.62% over the past 6 months, with this year growth rate of -10.53%, compared to 16.20% for the industry. Revenue growth from the last financial year stood is estimated to be 14,000.00%.

3 analysts offering their estimates for the company have set an average revenue estimate of 670k for the current quarter. 3 have an estimated revenue figure of 3.06M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.44% over the past 5 years.

ARS Pharmaceuticals Inc (NASDAQ:SPRY)’s Major holders

Insiders own 23.46% of the company shares, while shares held by institutions stand at 63.18% with a share float percentage of 82.55%. Investors are also buoyed by the number of investors in a company, with ARS Pharmaceuticals Inc having a total of 168.0 institutions that hold shares in the company.