Stock analysis, trade plans, and proprietary indicators by Trend Edge.
Trend Edge rates SPRY Bullish with a Setup Score of 24, net conviction 26, actionability 23. How the Setup Score works →
| Total Setup Score | 24 |
|---|---|
| Directional Bias | Bullish |
| Net Conviction | 26 |
| Actionability | 23 (in range) |
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 →
| Current Price | $7.94 |
|---|---|
| Market Cap | $783M |
| Float | 42.4M |
| Shares Outstanding | 99.3M |
| Price/Sales (TTM) | 7.91 |
| vs. Analyst Target | +236.9% to analyst PT |
| Profit Margin | -200.00% |
| Operating Margin (TTM) | -265.18% |
| Revenue (TTM) | $99.0M |
| Dividend Rate | None |
| Analyst Target Price | $26.75 (6 analysts) |
| Year | Revenue | Net Income | Gross Profit | EBITDA |
|---|---|---|---|---|
| 2020 | $17.8M | -$1.1M | $3.8M | -$463,000 |
| 2021 | $5.5M | -$20.2M | $5.3M | -$19.9M |
| 2022 | $1.3M | -$34.7M | -$15.8M | -$34.4M |
| 2023 | $30,000 | -$54.4M | $30,000 | -$54.3M |
| 2024 | $89.1M | $8.0M | $68.6M | $8.4M |
| 2025 | $84.3M | -$171M | $63.9M | -$167M |
| Quarter | Revenue | Net 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 |
| Insider Ownership | 16.2% |
|---|---|
| Institutional Ownership | 95.7% |
| Short Float | 54.4% |
| % of All Funds Holding | 2.28% |
| Number of Funds Holding | 187 |
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
| Timeframe | SMA | Value | Trend Context |
|---|---|---|---|
| Weekly | 10-Week SMA | $8.62 | Near-term / short-term trend |
| Weekly | 40-Week SMA | $9.24 | Medium-term trend |
| Weekly | 80-Week SMA | $11.37 | Cyclical trend (business cycle) |
| Weekly | 200-Week SMA | $9.45 | Secular trend (multi-year) |
| Monthly | 10-Month SMA | $9.07 | Near-term monthly trend |
| Monthly | 20-Month SMA | $11.13 | Medium-term monthly trend |
| Monthly | 40-Month SMA | $9.83 | Secular monthly trend |
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 Level | Type | Volume Ratio | Age |
|---|---|---|---|
| $11.70 | resistance | 1.81x | 9 months ago |
| $17.50 | resistance | 1.48x | 10 months ago |
| Timeframe | Avg Return | Median | Win Rate | Best | Worst |
|---|---|---|---|---|---|
| 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 | 3.24% | 1.68% | 59.09% | 37.01% | -25.66% |
| 1 Month | 1.07% | 3.49% | 54.55% | 55.10% | -42.19% |
Next earnings: August 12, 2026 (31 days away)
Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).
| Day | Avg Return | Win Rate | Samples |
|---|---|---|---|
| Monday | -0.33% | 49.0% | 261 |
| Tuesday | 0.12% | 52.4% | 290 |
| Wednesday | 0.20% | 52.4% | 288 |
| Thursday | -0.06% | 46.6% | 281 |
| Friday | 0.30% | 45.2% | 279 |
Institutional holder breakdown coming soon.
Total institutional ownership: 95.7%
Total insider ownership: 16.2%
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)
| Total Filings | 7 |
|---|---|
| Net Value | -$3.5M |
| Net Shares Change | -239,735 |
| % of Float | -0.6% |
| C-Suite Filings | 7 |
| Clusters Detected | 1 |
| Name | Title | Net Value | Filings | Activity |
|---|---|---|---|---|
| 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 | -$212,500 | 1 | N/A |
| Dorsey Brian | Chief Operating Officer | -$176,079.928 | 1 | 1 sell |
| Scott Kathleen D. | Chief Financial Officer | -$168,750 | 1 | N/A |
| Fitzpatrick Alexander A | Chief Legal Officer | -$33,550 | 1 | N/A |
| Period | Filings | Insiders | Net Value | Seniority |
|---|---|---|---|---|
| 2025-08-21 – 2025-08-22 | 3 | 3 | -$1.6M | 3 C-suite |
| Date | Insider | Title | Net Value | Price After |
|---|---|---|---|---|
| 2025-11-14 | Chakma Justin | Chief Business Officer | -$1.5M | Transaction at $4.86, now +63.5% |
| 2025-11-14 | Dorsey Brian | Chief Operating Officer | -$176,079.928 | Transaction at $4.67, now +69.9% |
| 2026-06-12 | Fitzpatrick Alexander A | Chief Legal Officer | -$33,550 | Transaction at $10.00, now -20.6% |
| 2026-06-12 | Karas Eric | Chief Commercial Officer | -$212,500 | Transaction at $5.75, now +38.1% |
| 2025-08-22 | Scott Kathleen D. | Chief Financial Officer | -$168,750 | Transaction at $8.25, now -3.8% |
| 2025-08-22 | Lowenthal Richard E | PRESIDENT AND CEO | -$724,345 | Transaction at $14.49, now -45.2% |
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 →