ARS Pharmaceuticals (SPRY) stock

Needle-free epinephrine , market cap $410M

$4.36
+1.51%

Pre-market. Prices 16 minutes old, as of 6:01 AM ET. Pro members see real-⁠time prices.

Quality Score
-3
Poor
In its industry
#188of 308

SPRY's Quality Score rose 3 points on Wed, Oct 7, to -3. Its daily swings narrowed to a 100-day low (3 chart checks started).

Holding it back: a $215M loss. 4 more reasons behind SPRY's -3, for Pro members.

NextQ4 2026“Phase 2b CSU study interim population fully enrolled, and on track for Q4 2026 readout”Trial start · 8-K, May 15
Cash$144M, about 2 quarters at the last year's spendingOn Jun 30

Follow SPRY's trial news. Pro members can get an alert when ARS Pharmaceuticals files news, and see its trials, share raises, and its CEO's filings.

Get an optional alert when SPRY files news on its trialsSee it live, free until tomorrow morning. No account. No card. Then keep going with a free account.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

Why SPRY lags the market

Down 45% in 3 months, 16% under its 50-day average.

Down more than its industry: the 299 other stocks in it fell a median 18% over the same 3 months.

Up 6% over three years while the S&P 500 rose 86%.

Free cash flow went from -$40.3M in fiscal 2022 to -$171.2M in fiscal 2025.

Sources: Price history, Oct 7, 2026; Annual reports, Dec 31, 2025

−3Long-term trend below a falling 200-day average, down over one year, down over two years

What's next

Expected to report Tue Nov 10, after the close

After its last 4 reports it closed -3.4% on average, higher 1 of 4 times.

For Pro members

  • 4 more things pulling SPRY's score down
  • 1 more reason, the timeline, and the peer table
  • What would turn SPRY's score around: 8 things
Cash$144M, about 2 quarters at the last year's spendingOn Jun 30

What's next for SPRY, and how long its cash lasts

From ARS Pharmaceuticals’s SEC filings and ClinicalTrials.gov: the company’s own words, the registry’s dates, and arithmetic, not a forecast. Companies often miss their own dates.

Next step the company has named

Q4 2026“Phase 2b CSU study interim population fully enrolled, and on track for Q4 2026 readout”Trial start · 8-K, May 15

What it means: when a trial begins, or reaches the stage the company named.

A trial underway
Outpatient Study of the Efficacy of ARS-2 in Patients With Chronic Spontaneous UrticariaPhase 2 · Recruiting · 42 people · main data estimated Jun 2027 · NCT06927999

1 more trial, 3 more milestones and 31 filings, for Pro members.

Cash runway Jun 30 balance sheet

About 2 quarters

$144M in cash and short-term investments, at its spending over the last year

What it means: how long the cash would last at the same pace, before any new money.

For Pro members: the cash used each quarter, and the math.

Dilution on the horizon

  • Shelf registration (S-3ASR, filed Jan 31, 2025)
  • At-the-market share sales program (S-3ASR, filed Jan 31, 2025)

A shelf lets a company sell shares later; an at-the-market program sells them into the market over time. Neither is a sale by itself.

For Pro members: the amounts, and the share count against a year ago.

Insiders

Chief Commercial Officer Eric Karas sold 25,000 shares on Jun 12, under a planned sale. 1 more insider trade this year.

From their own Form 4 filings: buys and sales in the market, not awards or shares withheld for tax.

For Pro members: every trade, and Donn Casale’s 4 filings and quotes.

Get an optional alert when SPRY files news on its trialsSee it live, free until tomorrow morning. No account. No card. Then keep going with a free account.

See every upcoming FDA date →

FDA dates in the next 60 days

Decision dates and advisory committee meetings the companies have announced in their own filings, soonest first and small companies first.

DateStockDrug

8 more FDA dates and 110 trial data dates in the next 60 days. Pro members see every one, with the cash against its date and an optional alert before it. Get in free →

Here is what Pro members see.

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SPRY has 4 of 14 checks firing

One per group is shown here.

Trend1 of 5 shown

Averages stacked in order, price near its high.

Volume1 of 3 shown

Heavy volume on the run, quiet volume at rest.

Tight range1 of 3 shown

The daily range is tight against its own recent history.

Buying1 of 3 shown

Closes near the high, and buyers step in on dips.

The other 10 checks on SPRY, and all 14 on every stock.Get in free →

Also on the chart

Not scored

Shown for reference. None of these counts toward the Quality Score: in our tests on 20 years of daily prices, none of them improved it.

  • RSI 1442.4

    Above 30, below 50.

  • MACD (12, 26, 9)Above signal

    Crossed above its signal line 6 sessions ago.

  • The price is 15.8% below it.

  • The price is 45.6% below it. The 50-day is below the 200-day, since Oct 1, 2025.

  • ADX 1433.7

    25 or more, with +DI below -DI.

  • No swing low under the price in the last year.

  • Swing high from Sep 22, 4.8% above the price.

  • The bands run from $3.83 to $4.79.

  • Volume0.8x

    Against its 20-day average, for the time of day.

How SPRY ranks in Biotech

SPRY is #188 of 308 by Quality Score. The top three are shown with their scores, and more by name.

More in Biotech, on the Healthcare page

When does SPRY report earnings, and what happens after?

Expected to report Tue Nov 10, after the close (in 33 days). Not yet confirmed by the company.

ReportedGapReaction5 sessions
Aug 13, 2026After close-16.4%-7.4%-9.8%
May 15, 2026Before open-6.8%-6.5%+3.6%
Mar 9, 2026Before open+3.1%-0.1%-7.4%
Nov 10, 2025Before open+13.0%+0.3%-7.2%

The gap is the next open against the close before the report; the reaction is where that session closed. SPRY closed higher after 1 of its last 4. Past behavior, not a forecast.

Report dates and past reactions come from sessions that have already closed, so none of these figures move.

SPRY's officers and directors

Officers and directors with a Form 4 here in the last 12 months. Open one for their trades at every company.

See insider trades by person

About ARS Pharmaceuticals

ARS Pharmaceuticals Inc is a biopharmaceutical company focused on the commercialization and development of neffy (currently identified in the European Union (EU) and United Kingdom (U.K.) by the trade name EURneffy and in China) for needle-free intranasal delivery of epinephrine for emergency treatment of Type I allergic reactions, including anaphylaxis. Neffy is a proprietary composition of epinephrine with an absorption enhancer called Intravail, which allows Neffy to safely provide intranasal delivery of epinephrine at a low dose within the exposures of approved injectable products across a range of dosing conditions.

200 employeesSan Diego, CAars-pharma.com

Pro members see every line of every stock's score.

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  • All 14 checks on SPRY and on all 3,283 stocks
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See all 14 checks on SPRYSee it live, free until tomorrow morning. No account. No card. Then keep going with a free account.

Straight Answers

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.

Where does the data come from?

Daily bars, quotes, reference data, headlines, and short interest come from Massive, formerly Polygon, a licensed market data vendor. The age of the quotes is shown at the top of every page. Insider trades, notable holders, and profits come straight from the SEC. That means Form 4 filings, 13F filings, and XBRL financial data on EDGAR. Where a company's SEC figures leave the Quality Score's sales, share count, or cash flow line empty, the score reads that figure from Massive's statements, and the Score tab says so. Government filings come from the public STOCK Act and Office of Government Ethics disclosures. The market-wide headlines on the market line also come from the public headline feeds CNBC, MarketWatch, and Yahoo Finance publish, shown as the headline, the source, and a link to the article. Splits, dividends, and the financial statements on each ticker page come from the vendor's reference data. The 8-K filings on EDGAR are read for the items that move a price. Five years of history is loaded for every stock. So the 200-day and 52-week checks rest on real history. Options flow is not part of the product.

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No. It is a screening tool that scores stocks on the chart, the company's own results, and the news and filings. It does not know your situation and it is not a recommendation to buy or sell anything. Please do your own research.

The price, the score, the chart checks and readings, and the industry rank on this page are delayed at least 15 minutes. Filings are shown as filed, because a disclosure is already days or weeks old when it becomes public. Earnings dates and past reactions are settled sessions.