SciSparc Ltd (NASDAQ:SPRC) price on Thursday, December 26, rose 126.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.50.
A look at the stock’s price movement, the close in the last trading session was $0.22, moving within a range at $0.4401 and $0.8786. The beta value (5-Year monthly) was 1.037. Turning to its 52-week performance, $6.78 and $0.20 were the 52-week high and 52-week low respectively. Overall, SPRC moved 106.36% over the past month.
SciSparc Ltd’s market cap currently stands at around $5.18 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPRC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
SPRC’s current price about 103.69% and 107.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.16, while 7-day volatility ratio is 34.45% and 16.80% in the 30-day chart. Further, SciSparc Ltd (SPRC) has a beta value of 0.99, and an average true range (ATR) of 0.07.
If we refocus on SciSparc Ltd (NASDAQ:SPRC), historical trading data shows that trading volumes averaged 0.78 over the past 10 days and 719.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 10.36 million shares.
The 0.00% of SciSparc Ltd’s shares are in the hands of company insiders while institutional holders own 1.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 95948.0 on 2024-11-29, giving us a short ratio of 0.22. The data shows that as of 2024-11-29 short interest in SciSparc Ltd (SPRC) stood at 93.0 of shares outstanding, with shares short falling to 0.39 million registered in 2024-10-31. Current price change has pushed the stock -89.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPRC stock continues to rise going into the next quarter.
