UBS Securities LLC recently announced the acquisition of new stake in SciSparc Ltd. (NASDAQ:SPRC). The institutional investor has increased its shareholding in the Healthcare company by 369.27% to 25308.0 shares with purchase of 19915.0 shares. This fresh investment now brings its stake to 0.79% valued currently at $19133.0. In addition, Commonwealth Equity Services LLC raised its holdings by 12005.0 to 12005.0 shares.
With over 0.79 million SciSparc Ltd. (SPRC) shares trading Friday and a closing price of $1.00 on the day, the dollar volume was approximately $0.79 million. The shares have shown a negative half year performance of -40.48% and its price on 01/13/23 gained nearly 25.23%. Currently, there are 3.53M common shares owned by the public and among those 3.30M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SPRC have a consensus price objective of $20.00. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $20.00. But an upside of 95.0% will see the stock hit the forecast high price target while median target price for the stock is $20.00.
Shares of SciSparc Ltd. (NASDAQ: SPRC) opened at $0.808, up $0.01 from a prior closing price of $0.80. However, the script later moved the day high at 1.0700, up 25.23%. The company’s stock has a 5-day price change of 22.64% and 1.78% over the past three months. SPRC shares are trading 32.36% year to date (YTD), with the 12-month market performance down to -83.71% lower. It has a 12-month low price of $0.61 and touched a high of $6.99 over the same period. SPRC has an average intraday trading volume of 981.26K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.82%, 7.14%, and -39.51% respectively.
Institutional ownership of SciSparc Ltd. (NASDAQ: SPRC) shares accounts for 1.80% of the company’s 3.53M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $3.53M. The earnings-per-share (ttm) stands at -$2.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.50% over the week and 12.20% over the month.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
