Meanwhile, Oppenheimer downgraded its Spruce Biosciences Inc [SPRB] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid December from “a Mkt outperform” to “a Mkt perform”. RBC Capital Mkts also remained covering SPRB and has decreased its forecast on March 14, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Leerink Partners revised its rating on March 14, 2024. It rated SPRB as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SPRB
On Monday, Spruce Biosciences Inc [NASDAQ:SPRB] saw its stock fall -39.45% to $0.08. Over the last five days, the stock has lost -35.15%. Spruce Biosciences Inc shares have fallen nearly -81.29% since the year began. Nevertheless, the stocks have fallen -88.80% over the past one year. While a 52-week high of $0.87 was reached on 02/21/25, a 52-week low of $0.11 was recorded on 04/28/25. SMA at 50 days reached $0.3012, while 200 days put it at $0.4247.
Levels Of Support And Resistance For SPRB Stock
The 24-hour chart illustrates a support level at 0.0694, which if violated will result in even more drops to 0.0601. On the upside, there is a resistance level at 0.0964. A further resistance level may holdings at 0.1141. The Relative Strength Index (RSI) on the 14-day chart is 19.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0682, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.71%. Stochastics %K at 8.15% indicates the stock is a buying.
How much short interest is there in Spruce Biosciences Inc?
A steep rise in short interest was recorded in Spruce Biosciences Inc stocks on 2025-04-15, growing by 0.25 million shares to a total of 0.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 0.27 million shares. There was a rise of 48.07%, which implies that there is a positive sentiment for the stock.
