Look Past The Setbacks And Give SciSparc Ltd (NASDAQ: SPRC) Another Chance

SciSparc Ltd (NASDAQ:SPRC) currently has a daily average trading volume of 3.62M but it saw 1905572 shares traded in last market. With a market cap of 0.68M USD, the company’s current market price of $0.28 came falling about -3.63 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.22 and as low as $0.26. In the recent trading on the day, stock has struck highest price mark of $0.2683 while lowest mark touched by it was $0.2885.

Taking a look at 20-day trading activity of SciSparc Ltd (SPRC) gives us an average price of $0.3354, while its current price level is -98.04% below from 52-week high level whereas it is 7.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4282 while that of 200 days or SMA-200 reads an average of $2.1589. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.95% during that period while stretching the period over a month that decreases to 10.40%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.36 which implies that the stock is in neutral territory.

Over the week, SPRC’s stock price is moving -3.23% down while it is -34.51% when we observe its performance for the past one month. Year-to-date it is -94.28% down and over the past year, the stock is showing a downside performance of -92.71%.

Currently, SciSparc Ltd’s total number of outstanding shares is 2.45M. Company’s return on investment (ROI) stands at -67.06% and return on equity (ROE) at -72.84%. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 0.03 while price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -47.02% on average.