SciSparc Ltd (NASDAQ: SPRC) – Time For Strategy Change?

SciSparc Ltd (NASDAQ:SPRC) currently has a daily average trading volume of 8.48M but it saw 1716017 shares traded in last market. With a market cap of 6.04M USD, the company’s current market price of $0.58 came rising about 8.06 while comparing to the previous closing price of $0.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.78 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.5373 while lowest mark touched by it was $0.6779.

Taking a look at 20-day trading activity of SciSparc Ltd (SPRC) gives us an average price of $0.5931, while its current price level is -91.40% below from 52-week high level whereas it is 195.89% 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 $0.3792 while that of 200 days or SMA-200 reads an average of $0.6153. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.06% during that period while stretching the period over a month that increases to 33.68%. 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 51.77 which implies that the stock is in neutral territory.

Over the week, SPRC’s stock price is moving -23.03% down while it is 178.90% when we observe its performance for the past one month. Year-to-date it is 61.92% up and over the past year, the stock is showing a downside performance of -82.50%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, SciSparc Ltd’s total number of outstanding shares is 10.36M with 0.00% of that held by the insiders while 1.73% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -81.83% and return on equity (ROE) at -103.20%. Stock’s beta reads 0.84. Stock has a price to book (P/B) ratio of 0.30 while price to sale or P/S ratio amounts to 3.45. Its return on asset (ROA) is -55.80% on average.