The Question Is Whether To Buy Or Not To Buy Spruce Biosciences Inc (NASDAQ: SPRB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Spruce Biosciences Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Spruce Biosciences Inc is $24.16M. A total of 1.01 million shares were traded on the day, compared to an average of 426.30K shares.

In the most recent transaction, Novo Holdings A/S sold 465,021 shares of SPRB for 0.75 per share on Mar 21 ’24. After the transaction, the 10% Owner now owns 2,550,000 company shares. In a previous transaction on Mar 18 ’24, Novo Holdings A/S sold 842,020 shares at 0.77 per share. SPRB shares that 10% Owner owns now total 3,968,000.

Among the insiders who sold shares, Novo Holdings A/S disposed of 593,000 shares on Mar 19 ’24 at a per-share price of $0.76. This resulted in the 10% Owner holding 3,375,000 shares of SPRB after the transaction. In another insider transaction, Novo Holdings A/S sold 359,979 shares at $0.73 per share on Mar 20 ’24. Company shares held by the 10% Owner now total 3,015,021.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SPRB has a high of $5.95 and a low of $0.41.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SPRB’s latest balance sheet shows that the firm has $88.97M in Cash & Short Term Investments as of fiscal 2021. There were $6.53M in debt and $8.87M in liabilities at the time. Its Book Value Per Share was $1.43, while its Total Shareholder’s Equity was $111.37M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPRB is Buy with a score of 3.57.

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