Read This to Understand SciSparc Stock

By Tamara Parker • Monday, February 27 12:09 • Permanent Link

It hasn't been a great afternoon session for SciSparc investors, who have watched their shares sink by -10.72% to a price of $0.82. Some of you might be wondering if it's time to buy the dip. If you are considering this, make sure to check the company's fundamentals first to determine if the shares are fairly valued at today's prices.

SciSparc Ltd., a specialized clinical-stage pharmaceutical company, develops drugs based on cannabinoid molecules. The company belongs to the Basic Materials sector, which has an average price to earnings (P/E) ratio of 10.03 and an average price to book (P/B) ratio of 2.08. In contrast, SciSparc has a trailing 12 month P/E ratio of -0.28 and a P/B ratio of 0.416.

SciSparc has moved -81.26% over the last year compared to -9.23% for the S&P 500 — a difference of -72.03%. SciSparc has a 52 week high of $5.0 and a 52 week low of $0.61.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.