In the last trading session, 1.27 million shares of the ARS Pharmaceuticals Inc (NASDAQ:SPRY) were traded, and its beta was 0.89. Most recently the company’s share price was $13.05, and it changed around $0.1 or 0.77% from the last close, which brings the market valuation of the company to $1.27B. SPRY currently trades at a discount to its 52-week high of $16.50, offering almost -26.44% off that amount. The share price’s 52-week low was $2.55, which indicates that the current value has risen by an impressive 80.46% since then. We note from ARS Pharmaceuticals Inc’s average daily trading volume that its 10-day average is 0.92 million shares, with the 3-month average coming to 1.08 million.
ARS Pharmaceuticals Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended SPRY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. ARS Pharmaceuticals Inc is expected to report earnings per share of -0.15 for the current quarter.
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ARS Pharmaceuticals Inc (NASDAQ:SPRY) trade information
Instantly SPRY has showed a green trend with a performance of 0.77% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.51 on recent trading dayincreased the stock’s daily price by 3.4%. The company’s shares are currently up 138.14% year-to-date, but still up 13.38% over the last five days. On the other hand, ARS Pharmaceuticals Inc (NASDAQ:SPRY) is -2.10% down in the 30-day period. We can see from the shorts that 10.96 million shares have been sold at a short interest cover period of 7.39 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 40.68% from its current value. Analyst projections state that SPRY is forecast to be at a low of $18 and a high of $30.
ARS Pharmaceuticals Inc (SPRY) estimates and forecasts
ARS Pharmaceuticals Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 43.09 percent over the past six months and at a -15.79% annual growth rate that is well below the industry average of 20.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.30% in revenue this quarter, and will report a decrease of -285.70% in the next quarter. The year-over-year growth rate is expected to be 13,933.30%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 500k in revenue for the current quarter. 4 analysts expect ARS Pharmaceuticals Inc to make 3.21M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.44%.
SPRY Dividends
ARS Pharmaceuticals Inc’s next quarterly earnings report is expected to be released in October.
ARS Pharmaceuticals Inc (NASDAQ:SPRY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.46% of ARS Pharmaceuticals Inc shares, and 64.34% of them are in the hands of institutional investors. The stock currently has a share float of 84.06%.
