Taking a look at what insiders are doing to gauge the SciSparc Ltd. (SPRC)’s direction


Analyzing SPRC Stock Performance

On Thursday, SciSparc Ltd. [NASDAQ: SPRC] rose 3.15% to $0.99. The stock’s lowest price that day was $0.912, but it reached a high of $1.03 in the same session. During the last five days, there has been a surge of approximately 9.26%. Over the course of the year, SciSparc Ltd. shares have jumped approximately 31.04%. Shares of the company reached a 52-week high of $1.3300 on 02/17/23 and a 52-week low of $0.7322 on 01/04/23. A 50-day SMA is recorded $0.8732, while a 200-day SMA reached $1.3330. Nevertheless, trading volume fell to 2.27 million shares from 0.55 million shares the previous day.

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Support And Resistance Levels for SciSparc Ltd. (SPRC)

According to the 24-hour chart, there is a support level at 0.9247, which, if violated, would cause prices to drop to 0.8593. In the upper region, resistance lies at 1.0427. The next price resistance is at 1.0953. RSI (Relative Strength Index) is 57.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0420, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is SciSparc Ltd. subject to short interest?

Stocks of SciSparc Ltd. saw a sharp steep in short interest on Jan 12, 2023 dropping by 66500.0 shares to 59860.0. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 0.13 million shares. A decline of -111.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.39 of the overall float, the days-to-cover ratio (short ratio) decline to 0.39.

Which companies own the most shares of SciSparc Ltd. (SPRC)?

According to Excellence Investments Ltd. filings, the company currently owns 113,156 shares, which is about 4.58% of the total SPRC shares outstanding. With the completion of the sale transaction, UBS Securities LLC’s stake is now worth $3,157. Gradient Investments LLC reduced a -100.00% interest valued at $0.0 while Morgan Stanley Smith Barney LLC 0 stake.

In terms of SciSparc Ltd. share price expectations, FactSet research, analysts set an average price target of $20.00 in the next 12 months, up nearly 1983.33% from the previous closing price of $0.96. Analysts anticipate SciSparc Ltd. stock to reach $20.00 by 2023, with the lowest price target being $20.00. In spite of this, 1 analysts ranked SciSparc Ltd. stock as a Buy at the end of 2023.


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