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ARS Pharmaceuticals stock

SPRYNASDAQ

ARS Pharmaceuticals, Inc., HealthcareISIN US82835W1080

$3.81▼ $0.14 (−3.5%)Closing price of 12 Nov 2026

33Score 33 out of 100, Weak

Turn on early warning

Price and trend

39 / 100

Price history

−57% in one year

The chart shows daily closes over 6 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Below the 200-day line: the price is 46% below it.

Trend change

Since October 2025 the 50-day line has been below the 200-day line; the trend has turned down.

Momentum

Normal: the price is neither overheated nor sold off (RSI 46).

Distance to the high

The price is 71% below its 52-week high. Largest decline in 6 years: 96% (March 2021 to November 2026).

Chart figures for advanced users
SMA 50$4.11
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$7.07
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)46
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$2.65
The lowest closing price of the last twelve months.
Resistance$13.06
The highest closing price of the last twelve months.
Market cap
$397.09M
Div. yield
no dividend
Loss
Fair value
no data

Snapshot

Computed from the data by fixed rules, no AI

  • ARS Pharmaceuticals, Inc. belongs to the Biotechnology industry (United States) and, with a market value of $383.01M, is number 266 of 296 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $84.28M (down 5.5% year on year) and a loss of $171.3M.
  • For fiscal 2026, analysts expect on average revenue of $128.59M (up 52.6%) and adjusted earnings per share of −$1.79.
Show more
  • MEQIRI Score 33 out of 100 (Weak): rank 665 of 714 in Healthcare, median 53.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Growing faster than its industryRevenue up 97.8% a year since 2021, Biotechnology median 19.7%.Growth 59

Weaknesses

  • DilutionShare count up 184% since 2020.Capital allocation 18
  • Loss-makingLoss of $199.87M over the last 12 months.Fundamentals 17
  • Share price fell sharplyDown 57% over the last 12 months.Momentum 20
33/ 100
MEQIRI Score
Weak

The score is held back by capital allocation and fundamentals.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 30 to 33.

Fundamental quality fluctuates.

Profit consistency13% of years
Cash conversion (free cash flow to earnings, 12 months)not measured
ROIC (12 months)−63.6%
Positive free cash flow25% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Valuation

Valuation signal

not measured
Price
$3.95
Fair value
not computable
Gap to fair value
no data

Closing price of 11 Nov 2026, used by the daily score.

No fair value can be calculated for this stock, so the signal follows the valuation grade.

Valuation metrics

no data
no data
Fair value (model)
no data

No fair value can be calculated for this stock from the available figures.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

5 years

In the quarter to 30 Sep 2026, revenue rose 16% on the same quarter a year earlier. Revenue has grown strongly since 2021, at around 98% per year. From 2021 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.

Margins

5 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 76%, operating −213%, net −203%. Last 12 months: net −100%. From 2021 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.

Debt & balance sheet

latest quarter
0.84
−50x
3.25
Cash & equivalents
$138.35M

Debt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
8 Mar 2027in 116 days
Last reported
5 Nov 2026EPS reported −$0.36 (expected −$0.31)below expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20263 analysts
Earnings per share
−$1.790.0%
Revenue
$128.59M0.0%
Fiscal 20273 analysts
Earnings per share
−$0.820.0%
Revenue
$187.11M0.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook confirmed

Share price after the results: −6.6%

Second-half 2026 spending is expected at $100 million to $110 million (cash SG&A down more than 40%), market share is expected to rise steadily rather than suddenly, interim data now in the first quarter of 2027.

Supporting passage from the call, verbatim
“As a result, total cash-based SG&A and R&D expenses for the second half of 2026 are expected to be in the range of $100 million-$110 million, driven by a more than 40% reduction in cash-based SG&A expenses from the first half of 2026. Importantly, we expect this spending trend to continue throughout 2027.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 13 Aug 2026 (fiscal Q2 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases in the last 6 months. 2 insiders sold, $283,550 in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

  • Karas EricSale

    12 Jun 2026, Chief Commercial Officer

    Shares
    25,000
    Price
    $10.00
    Value
    $250,000
  • Fitzpatrick Alexander ASale

    12 Jun 2026, Chief Legal Officer

    Shares
    3,355
    Price
    $10.00
    Value
    $33,550

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at ARS Pharmaceuticals

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

714 rated companies in Healthcare

Rank 665 of 714
665/ 714
This company
33
Sector median
53

Categories against the sector medianMedian of 714 companies

Profitability28 (median 37)9 below the median
Growth59 (median 53)6 above the median
Fundamentals17 (median 46)29 below the median
Stability44 (median 67)23 below the median
Capital allocation18 (median 39)21 below the median
Technical analysis39 (median 70)31 below the median
Momentum20 (median 71)51 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Biotechnology

The next larger and next smaller companies by market value

All 296 Biotechnology stocks

ETFs that hold ARS Pharmaceuticals

Held by 8 ETFs on Xetra. Shown per index: the ETF with the largest weight.

Show 4 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 15 Aug 2025)
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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