SciSparc Ltd [NASDAQ: SPRC] price surged by 64.81 percent to reach at $2.21. The company report on October 31, 2023 at 7:38 AM that SciSparc Granted Patent from the Australian Patent Office for its Reduction of Opioids Use in Pain Management Technology.
The Patent has been granted by IP Australia, the government agency in Australia that administers intellectual property rights and legislation for patents.
A sum of 22523958 shares traded at recent session while its average daily volume was at 842.92K shares. SciSparc Ltd shares reached a high of $6.64 and dropped to a low of $4.88 until finishing in the latest session at $5.62.
The one-year SPRC stock forecast points to a potential upside of 98.92. The average equity rating for SPRC stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on SciSparc Ltd [SPRC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPRC shares is $520.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPRC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for SciSparc Ltd is set at 1.18, with the Price to Sales ratio for SPRC stock in the period of the last 12 months amounting to 4.15. The Price to Book ratio for the last quarter was 0.39, with the Price to Cash per share for the same quarter was set at 0.87.
SPRC Stock Performance Analysis:
SciSparc Ltd [SPRC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.57. With this latest performance, SPRC shares gained by 52.72% in over the last four-week period, additionally sinking by -69.98% over the last 6 months – not to mention a drop of -77.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPRC stock in for the last two-week period is set at 57.04, with the RSI for the last a single of trading hit 60.88, and the three-weeks RSI is set at 53.78 for SciSparc Ltd [SPRC]. The present Moving Average for the last 50 days of trading for this stock 4.19, while it was recorded at 4.07 for the last single week of trading, and 13.18 for the last 200 days.
Insight into SciSparc Ltd Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and SciSparc Ltd [SPRC] shares currently have an operating margin of -615.22 and a Gross Margin at +62.21. SciSparc Ltd’s Net Margin is presently recorded at -192.43.
Return on Total Capital for SPRC is now -112.90, given the latest momentum, and Return on Invested Capital for the company is -35.49. Return on Equity for this stock declined to -35.53, with Return on Assets sitting at -25.26. When it comes to the capital structure of this company, SciSparc Ltd [SPRC] has a Total Debt to Total Equity ratio set at 0.42. Additionally, SPRC Total Debt to Total Capital is recorded at 0.42, with Total Debt to Total Assets ending up at 0.25.
Reflecting on the efficiency of the workforce at the company, SciSparc Ltd [SPRC] managed to generate an average of -$864,000 per employee. Receivables Turnover for the company is 0.99 with a Total Asset Turnover recorded at a value of 0.13.SciSparc Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 1.17.
SciSparc Ltd [SPRC] Institutonal Ownership Details
The top three institutional holders of SPRC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in SPRC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in SPRC stock with ownership which is approximately 5.7994%.