Spruce Biosciences Stock Buy Hold or Sell Recommendation
| SPRB Stock | USD 0.48 0.01 2.04% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Spruce Biosciences is 'Strong Hold'. Macroaxis provides Spruce Biosciences buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SPRB positions.
Check out Spruce Biosciences Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide. In addition, we conduct extensive research on individual companies such as Spruce and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Spruce Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Spruce |
Execute Spruce Biosciences Buy or Sell Advice
The Spruce recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Spruce Biosciences. Macroaxis does not own or have any residual interests in Spruce Biosciences or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Spruce Biosciences' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Spruce Biosciences Trading Alerts and Improvement Suggestions
| Spruce Biosciences has some characteristics of a very speculative penny stock | |
| Spruce Biosciences had very high historical volatility over the last 90 days | |
| Spruce Biosciences has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 10.09 M. Net Loss for the year was (47.92 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Spruce Biosciences currently holds about 93.3 M in cash with (33.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.96, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Spruce Biosciences has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Spruce Biosciences, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Spruce Biosciences Returns Distribution Density
The distribution of Spruce Biosciences' historical returns is an attempt to chart the uncertainty of Spruce Biosciences' future price movements. The chart of the probability distribution of Spruce Biosciences daily returns describes the distribution of returns around its average expected value. We use Spruce Biosciences price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Spruce Biosciences returns is essential to provide solid investment advice for Spruce Biosciences.
| Mean Return | 0.11 | Value At Risk | -4.44 | Potential Upside | 5.77 | Standard Deviation | 3.16 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Spruce Biosciences historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Spruce Stock Institutional Investors
| Shares | Ubs Group Ag | 2024-06-30 | 131.9 K | Blackrock Inc | 2024-06-30 | 124.7 K | Bridgeway Capital Management, Llc | 2024-06-30 | 85 K | Citadel Advisors Llc | 2024-06-30 | 84.7 K | Superstring Capital Management Lp | 2024-06-30 | 78 K | Lion Point Capital, Lp | 2024-09-30 | 75 K | Northern Trust Corp | 2024-09-30 | 74.9 K | State Street Corp | 2024-06-30 | 64.4 K | Two Sigma Advisers, Llc | 2024-06-30 | 45.7 K | Rivervest Venture Management Llc | 2024-09-30 | 2.9 M | The Carlyle Group Inc | 2024-06-30 | 2.9 M |
Spruce Biosciences Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (188K) | 153.4M | (114.4M) | (18.2M) | 71.6M | 75.2M | |
| Free Cash Flow | (12.6M) | (27.6M) | (36.0M) | (41.7M) | (33.3M) | (34.9M) | |
| Depreciation | 12K | 36K | 68K | 74K | 70K | 47.9K | |
| Other Non Cash Items | 446K | 66K | 313K | (340K) | (404K) | (424.2K) | |
| Net Income | (13.1M) | (29.5M) | (42.3M) | (46.2M) | (47.9M) | (50.3M) | |
| End Period Cash Flow | 3.9M | 157.4M | 43.0M | 24.7M | 96.4M | 60.4M | |
| Change To Netincome | 196K | 821K | 4.4M | 3.7M | 4.2M | 4.4M |
Spruce Biosciences Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Spruce Biosciences or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Spruce Biosciences' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Spruce stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.0004 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 3.13 | |
Ir | Information ratio | -0.0056 |
Spruce Biosciences Volatility Alert
Spruce Biosciences currently demonstrates below-average downside deviation. It has Information Ratio of -0.01 and Jensen Alpha of 0.0. Spruce Biosciences is a potential penny stock. Although Spruce Biosciences may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Spruce Biosciences. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Spruce instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Spruce Biosciences Fundamentals Vs Peers
Comparing Spruce Biosciences' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Spruce Biosciences' direct or indirect competition across all of the common fundamentals between Spruce Biosciences and the related equities. This way, we can detect undervalued stocks with similar characteristics as Spruce Biosciences or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Spruce Biosciences' fundamental indicators could also be used in its relative valuation, which is a method of valuing Spruce Biosciences by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Spruce Biosciences to competition |
| Fundamentals | Spruce Biosciences | Peer Average |
| Return On Equity | -0.58 | -0.31 |
| Return On Asset | -0.3 | -0.14 |
| Operating Margin | (15.63) % | (5.51) % |
| Current Valuation | (36.86 M) | 16.62 B |
| Shares Outstanding | 41.3 M | 571.82 M |
| Shares Owned By Insiders | 7.72 % | 10.09 % |
| Shares Owned By Institutions | 41.43 % | 39.21 % |
| Number Of Shares Shorted | 232.77 K | 4.71 M |
| Price To Book | 0.39 X | 9.51 X |
| Price To Sales | 2.81 X | 11.42 X |
| Revenue | 10.09 M | 9.43 B |
| EBITDA | (47.37 M) | 3.9 B |
| Net Income | (47.92 M) | 570.98 M |
| Cash And Equivalents | 93.3 M | 2.7 B |
| Cash Per Share | 3.96 X | 5.01 X |
| Total Debt | 4.61 M | 5.32 B |
| Debt To Equity | 0.07 % | 48.70 % |
| Current Ratio | 9.55 X | 2.16 X |
| Book Value Per Share | 1.25 X | 1.93 K |
| Cash Flow From Operations | (33.27 M) | 971.22 M |
| Short Ratio | 0.43 X | 4.00 X |
| Earnings Per Share | (0.95) X | 3.12 X |
| Target Price | 2.33 | |
| Number Of Employees | 29 | 18.84 K |
| Beta | 2.37 | -0.15 |
| Market Capitalization | 19.96 M | 19.03 B |
| Total Asset | 103.95 M | 29.47 B |
| Retained Earnings | (197.23 M) | 9.33 B |
| Working Capital | 77.72 M | 1.48 B |
| Net Asset | 103.95 M |
Note: Acquisition by Muralidhar Bali of 30000 shares of Spruce Biosciences at 2.26 subject to Rule 16b-3 [view details]
Spruce Biosciences Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Spruce . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Spruce Biosciences Buy or Sell Advice
When is the right time to buy or sell Spruce Biosciences? Buying financial instruments such as Spruce Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Spruce Biosciences Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spruce Biosciences. If investors know Spruce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spruce Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.95) | Revenue Per Share 0.173 | Quarterly Revenue Growth (0.80) | Return On Assets (0.30) | Return On Equity (0.58) |
The market value of Spruce Biosciences is measured differently than its book value, which is the value of Spruce that is recorded on the company's balance sheet. Investors also form their own opinion of Spruce Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Spruce Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spruce Biosciences' market value can be influenced by many factors that don't directly affect Spruce Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spruce Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spruce Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spruce Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.