Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Spruce Biosciences Inc’s current trading price is -87.72% away from its 52-week high, while its distance from the 52-week low is 2.87%. The stock’s price range over this period has fluctuated between $0.71 and $5.95. The company, operating within the financial sector, had a trading volume of approximately 1.9 million for the day, which was noticeably higher than the average daily share volume of 1.13 million over the last 3 months.
Spruce Biosciences Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $5.95 on 03/08/24 and a low of $0.71 for the same time frame on 03/25/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Spruce Biosciences Inc (SPRB) has experienced a quarterly decline of -64.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.06M and boasts a workforce of 29 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.6903, with a change in price of -0.3974. Similarly, Spruce Biosciences Inc recorded 773,286 in trading volume during the last 100 days, posting a change of -35.48%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for SPRB stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.04.
SPRB Stock Stochastic Average
Today’s raw stochastic average for Spruce Biosciences Inc over the last 50 days is 0.83%.This indicates a increase from the raw stochastic average of the past 20 days, which was 0.83%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 0.69% and 0.70%, respectively.
SPRB Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -75.07% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -69.31%. Over the past 30 days, the price of SPRB has leaped by -86.70%. And in the last five days, it has fallen by -3.77%.
