SPRY — ARS Pharmaceuticals, Inc

Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About ARS Pharmaceuticals, Inc

ARS Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes treatments for severe allergic reactions in the United States and internationally. The company is involved in the development of neffy, a needle-free intranasal delivery of epinephrine for emergency treatment of Type I allergic reactions, including anaphylaxis. ARS Pharmaceuticals, Inc. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$8.17
Market Cap$817M
Float39.2M
Shares Outstanding99.3M
Price/Sales (TTM)8.26
vs. Analyst Target+208.4% to analyst PT
Profit Margin-200.00%
Operating Margin (TTM)-265.18%
Revenue (TTM)$99.0M
Dividend RateNone
Analyst Target Price$25.20 (6 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $17.8M -$1.1M $3.8M -$463,000
2021 $5.5M -$20.2M $5.3M -$19.2M
2022 $1.3M -$34.7M -$15.8M -$35.2M
2023 $30,000 -$54.4M $30,000 -$67.4M
2024 $89.1M $8.0M $68.6M -$3.0M
2025 $84.3M -$171M $63.9M -$178M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $15.7M -$44.9M
Sep 2025 $32.5M -$51.2M
Dec 2025 $28.1M -$41.3M
Mar 2026 $22.7M -$60.6M

Ownership & Float

Insider Ownership16.3%
Institutional Ownership95.4%
Short Float66.9%
% of All Funds Holding2.28%
Number of Funds Holding187

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$8.17Near-term / short-term trend
Weekly40-Week SMA$9.43Medium-term trend
Weekly80-Week SMA$11.65Cyclical trend (business cycle)
Weekly200-Week SMA$9.34Secular trend (multi-year)
Monthly10-Month SMA$9.55Near-term monthly trend
Monthly20-Month SMA$11.75Medium-term monthly trend
Monthly40-Month SMA$9.80Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$11.70 resistance 1.81x 7 months ago
$17.50 resistance 1.48x 8 months ago

Historical Earnings Reactions (22 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.51% 0.53% 68.18% 5.77% -8.83%
1 Day -0.39% -0.96% 40.91% 8.75% -8.55%
1 Week 4.25% 2.43% 54.55% 37.32% -20.21%
2 Weeks 2.45% 1.31% 57.14% 37.01% -25.66%
1 Month -0.31% 3.41% 52.38% 55.10% -42.19%

Next earnings: August 3, 2026 (67 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.38% 48.2% 255
Tuesday 0.13% 52.5% 284
Wednesday 0.19% 52.5% 282
Thursday -0.06% 46.2% 275
Friday 0.31% 45.1% 275

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 95.4%

Insider Transactions — Smart Summary

Total insider ownership: 16.3%

Founder-led management: Richard Lowenthal (Co-Founder, President, Chief Executive Officer & Director), Sarina Tanimoto (Co-Founder & Chief Medical Officer), Robert Bell (Co-Founder & Chief Science Officer)

12-Month Insider Activity Summary

Total Filings8
Net Value-$3.7M
Net Shares Change-976,529
% of Float-2.5%
C-Suite Filings7
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
Flynn James E -$13.7M 1 1 sell
Chakma Justin Chief Business Officer -$1.5M 1 1 sell
Lowenthal Richard E PRESIDENT AND CEO -$724,345 1 N/A
Tanimoto Sarina CHIEF MEDICAL OFFICER -$703,755 1 N/A
Karas Eric Chief Commercial Officer -$449,860.5 2 N/A
Dorsey Brian Chief Operating Officer -$176,079.928 1 1 sell
Scott Kathleen D. Chief Financial Officer -$168,750 1 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-08-21 – 2025-08-22 3 3 -$1.6M 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-11-14 Chakma Justin Chief Business Officer -$1.5M Transaction at $4.86, now +68.2%
2025-11-14 Dorsey Brian Chief Operating Officer -$176,079.928 Transaction at $4.67, now +74.8%
2025-07-01 Flynn James E -$13.7M Transaction at $18.46, now -55.7%
2025-08-22 Scott Kathleen D. Chief Financial Officer -$168,750 Transaction at $8.25, now -1.0%
2025-08-22 Lowenthal Richard E PRESIDENT AND CEO -$724,345 Transaction at $14.49, now -43.6%
2025-08-21 Tanimoto Sarina CHIEF MEDICAL OFFICER -$703,755 Transaction at $14.08, now -42.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for ARS Pharmaceuticals, Inc (SPRY) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for SPRY on Trend Edge →