Aspire Biopharma Holdings Inc (NASDAQ: ASBP) – Time For Strategy Change?

Aspire Biopharma Holdings Inc (NASDAQ:ASBP) currently has a daily average trading volume of 629.68K but it saw 3239537 shares traded in last market. With a market cap of 11.62M USD, the company’s current market price of $0.24 came falling about -26.90 while comparing to the previous closing price of $0.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.80 and as low as $0.30.

Taking a look at 20-day trading activity of Aspire Biopharma Holdings Inc (ASBP) gives us an average price of $0.4177, while its current price level is -98.50% below from 52-week high level whereas it is -21.05% 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 $0.5435 while that of 200 days or SMA-200 reads an average of $8.2697. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.30% during that period while stretching the period over a month that decreases to 16.46%. 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 24.83 which implies that the stock is in oversold territory.

Over the week, ASBP’s stock price is moving -27.32% down while it is -61.65% when we observe its performance for the past one month. Year-to-date it is -97.93% down and over the past year, the stock is showing a downside performance of -97.92%.

Currently, Aspire Biopharma Holdings Inc’s total number of outstanding shares is 48.90M with 36.90% of that held by the insiders while 2.35% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -234.84%. Stock’s beta reads 0.65. Its return on asset (ROA) is -93.93% on average.

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