How to Buy Spruce Biosciences Stock
Spruce Biosciences Inc
Spruce Biosciences, Inc. , a biopharmaceutical company, focuses on developing and commercializing novel therapies for rare endocrine disorders.
Spruce Biosciences stock last closed at $0.13, up 7.44% from the previous day, and has decreased 81.21% in one year. It has underperformed other stocks in the Biotechnology industry by 0.04 percentage points. Spruce Biosciences stock is currently +18.18% from its 52-week low of $0.11, and -85.06% from its 52-week high of $0.87.
At the moment, there are 42.23M shares of SPRB outstanding. The market value of SPRB is $5.49M. In the last 24 hours, 2.34M SPRB shares were traded.
How to Buy Spruce Biosciences Stock
Not sure how to invest in Spruce Biosciences stock? Here's how.
- Choose where to buy Spruce Biosciences stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Spruce Biosciences stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Evaluate Spruce Biosciences stock: The Spruce Biosciences ticker symbol is SPRB. Is Spruce Biosciences stock a good investment? Should you buy shares of SPRB? How do SPRB's underlying business fundamentals look? Do top analysts think Spruce Biosciences is a good buy? Why has SPRB's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if SPRB is a good stock to buy).
- Make your SPRB buy order: Decide if you will purchase SPRB shares at the current market price or use a limit order to buy SPRB shares at a given price.
- Get the latest news on your investment in SPRB: Create a watchlist to track your position in Spruce Biosciences stock.
Step 1: Choose where to buy Spruce Biosciences stock
You will need an online brokerage account to access the NASDAQ market and buy SPRB shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Healthcare, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you are able to buy SPRB today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on stock apps to use, you need to deposit funds:
Watch the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Evaluate Spruce Biosciences stock
Once you have selected the best place to buy Spruce Biosciences stock, it's crucial to evaluate their stock prior to investing, so you truly understand the risk as well as the upside.
Spruce Biosciences shares data
Spruce Biosciences Due Diligence Score
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on SPRB's stock page.
Is SPRB stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SPRB's intrinsic value.
Using relative valuations metrics:
- SPRB could be undervalued based on its P/B ratio of 0.19x, relative to Biotechnology industry P/B ratio of 4.16x
You can do additional valuation research on SPRB's stock here.
SPRB Financial Overview
Signs that SPRB is financially healthy:
- Total SPRB debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SPRB balance sheet.
- There are more short-term assets than short-term liabilities on the SPRB balance sheet.
Signs that SPRB is not financially healthy:
- SPRB has cash burn of 55964000. It does not have enough cash and short-term investments to cover this.
- SPRB has a relatively high debt to equity ratio of 0.57.
- SPRB has $38.75M in cash and short term investments. This is not sufficient to cover its annual cash burn of $55.96M.
- SPRB profit margin has gone down from -475% to -1,079.9% in the past year.
Is it a good time to buy SPRB stock, according to analysts?
Out of 2 Wall Street analysts who research SPRB, the consensus analyst rating on Spruce Biosciences is a Hold
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Spruce Biosciences stock forecast page.
SPRB Technical Indicators
SPRB Performance Numbers
Last year, SPRB revenue was $4.91M. Over the past 1 years, SPRB's revenue has increased by -51.32% per year. This was slower than the Biotechnology industry average of 44.4%.
Dive into SPRB's earnings and revenue performance here.
Latest Insiders Trades at SPRB
Over the last year, insiders at SPRB have sold more shares than they have bought.
Ralph William Charlton Iii, CHIEF MEDICAL OFFICER of SPRB, was the latest SPRB insider to sell. They sold $3,692.00 worth of SPRB stock on Dec 16, 2024.
Get more info about who owns SPRB stock here.
Can I get consistent income from SPRB stock?
No, Spruce Biosciences doesn't provide an income stream by paying out dividends.
What do other traders have to say about SPRB?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your SPRB buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in SPRB
Now that you own some SPRB shares, you'll want to keep up with your new shares.
Start a watchlist to monitor your SPRB stock.
SPRB Feed
How to Buy Stock in Spruce Biosciences
To summarize, here are the 6 steps to buy Spruce Biosciences stock:
- Choose where to buy Spruce Biosciences stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Spruce Biosciences stock
- Make your SPRB buy order
- Get the latest news on your investment in SPRB
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Spruce Biosciences, add SPRB to your watchlist by clicking the button below.
More "How To" Guides You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.