Shares of Spruce Biosciences, Inc. (NASDAQ:SPRB – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $158.33.
SPRB has been the subject of a number of research reports. Wall Street Zen cut shares of Spruce Biosciences from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Spruce Biosciences from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. Guggenheim reiterated a “buy” rating and set a $104.00 price objective (down from $123.00) on shares of Spruce Biosciences in a research note on Monday, August 17th. Lake Street Capital started coverage on Spruce Biosciences in a research note on Thursday, September 17th. They set a “buy” rating and a $149.00 price objective for the company. Finally, JonesTrading initiated coverage on Spruce Biosciences in a report on Tuesday, June 9th. They set a “buy” rating and a $135.00 target price for the company.
Read Our Latest Stock Report on SPRB
Institutional Inflows and Outflows
Spruce Biosciences Trading Down 0.8%
Shares of SPRB stock opened at $49.02 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.23 and a quick ratio of 9.23. The company has a market cap of $140.69 million, a price-to-earnings ratio of -1.23 and a beta of 3.31. The stock has a 50 day simple moving average of $51.30 and a 200-day simple moving average of $54.54. Spruce Biosciences has a 1-year low of $7.26 and a 1-year high of $240.00.
Spruce Biosciences (NASDAQ:SPRB – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($6.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.79) by ($0.89). On average, equities research analysts expect that Spruce Biosciences will post -25.53 EPS for the current fiscal year.
About Spruce Biosciences
Spruce Biosciences, Inc is a clinical-stage biopharmaceutical company focused on developing treatments for endocrine disorders. The company’s research has centered on therapies intended to address conditions involving hormone dysregulation and adrenal function.
Its lead investigational product is tildacerfont, an oral, selective corticotropin-releasing factor type 1 (CRF1) receptor antagonist. The therapy is designed to reduce excessive adrenocorticotropic hormone (ACTH) signaling and adrenal androgen production, with development focused primarily on congenital adrenal hyperplasia (CAH), a rare inherited disorder affecting cortisol production.
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