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 $0.71, down 4.08% from the previous day, and has decreased 64.88% in one year. It has underperformed other stocks in the Biotechnology industry by 0.41 percentage points. Spruce Biosciences stock is currently +3.98% from its 52-week low of $0.68, and -88.13% from its 52-week high of $5.95.
At the moment, there are 41.15M shares of SPRB outstanding. The market value of SPRB is $29.05M. In the last 24 hours, 1.27M 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 — 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.
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 Zen 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 0.38x, relative to Biotechnology industry P/B ratio of 5.88x
You can do additional valuation research on SPRB's stock here.
SPRB Financial Overview
Signs that SPRB is financially healthy:
- SPRB has $96.34M in cash and short term investments. This is sufficient to cover its annual cash burn of $33.28M.
- There are more short-term assets than long-term liabilities on the SPRB balance sheet.
- SPRB has a low debt to equity ratio of 0.36.
- SPRB has cash burn of 33282000. It has enough cash and short-term investments to cover this for at least one year.
- Total SPRB debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the SPRB balance sheet.
Signs that SPRB is not financially healthy:
- SPRB profit margin has gone down from N/A to -475% in the past year.
Is it a good time to buy SPRB stock, according to analysts?
Out of 5 Wall Street analysts who research SPRB, the consensus analyst rating on Spruce Biosciences is a Buy
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
What are SPRB executives and large shareholders up to?
In the last 12 months, executives and large shareholders at SPRB have sold more shares than they have bought.
Holdings A. Novo, 10% Owner of SPRB, was the latest SPRB insider to sell. They sold $351,090.86 worth of SPRB shares on Mar 21, 2024.
Research more about who owns SPRB stock here.
Does SPRB stock generate passive income?
No, Spruce Biosciences doesn't provide an income stream by paying out dividends.
What others are saying about SPRB
One of the major reasons eToro is our top-rated 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 main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Click the Open button and eToro will place the order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in SPRB
Now that you own some shares in SPRB, you'll want to stay up-to-date on your new shares.
Create a watchlist to track the most important metrics related to your SPRB stock.
SPRB Feed
How to Buy Stock in Spruce Biosciences
To reiterate, 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 need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Spruce Biosciences, create a watchlist today.
More Articles You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp 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.