SPRY
ARS Pharmaceuticals, Inc. · Healthcare · Biotechnology
Last
$5.89
−$0.15 (−2.40%) 4:00 PM ET
Prev close $6.03
Open $6.03
Day high $6.06
Day low $5.86
Volume 1,188,145
Avg vol 2,256,702
Mkt cap
$585.74M
EV/Sales
6.41
P/E ratio
-2.72
FY Revenue
$116.93M
EPS
-2.16
Gross Margin
71.37%
Div yield
0.00%
Sector
Healthcare
AI report sections
SPRY
ARS Pharmaceuticals, Inc.
SPRY trades in the lower half of its 52-week range with multi-month returns under pressure, while short-term intraday indicators show only modest stabilization around VWAP. Fundamentally, revenue contraction, deeply negative margins, and heavy cash burn contrast with a strong liquidity position and high current and quick ratios. Valuation appears demanding relative to current losses and negative free cash flow, and elevated short interest underscores heightened sentiment and positioning risk despite generally positive recent news around neffy commercialization.
AI summarized at 10:47 PM ET, 2026-03-29
AI summary scores
INTRADAY: 46 SWING: 35 LONG: 28
Volume vs average
Intraday (cumulative)
−28% (Below avg)
Vol/Avg: 0.72×
RSI
48.44 (Neutral)
Neutral (40–60)
MACD momentum
Intraday
-0.01 (Weak)
MACD: -0.00 Signal: 0.00
Short-Term
+0.09 (Strong)
MACD: -0.24 Signal: -0.33
Long-Term
+0.08 (Strong)
MACD: -0.72 Signal: -0.80
Intraday trend score 34.27

Latest news

SPRY 12 articles Positive: 5 Neutral: 1 Negative: 6
Negative GlobeNewswire Inc. • Rosen Law Firm
ROSEN, NATIONAL TRIAL LAWYERS, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPRY

Rosen Law Firm is seeking lead plaintiffs for a securities class action lawsuit against ARS Pharmaceuticals, Inc. (SPRY) for allegedly providing false and misleading statements regarding insurance coverage timelines for its epinephrine nasal spray product 'neffy' with CVS Caremark. Investors who purchased securities between March 9, 2026 and June 24, 2026 may be eligible for compensation. The lead plaintiff deadline is October 5, 2026.

SPRY securities class action ARS Pharmaceuticals false statements insurance coverage neffy CVS Caremark lead plaintiff
Sentiment note

The company is the subject of a securities class action lawsuit alleging material misrepresentation regarding insurance coverage timelines for its product, causing investors to purchase securities at artificially inflated prices and suffer damages.

Negative GlobeNewswire Inc. • Bragar Eagel & Squire, P.C.
ARS PHARMACEUTICALS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against ARS Pharmaceuticals and Encourages Investors to Contact the Firm

A class action lawsuit has been filed against ARS Pharmaceuticals (NYSE:SPRY) for allegedly providing misleading statements about expanded insurance coverage for its epinephrine nasal spray product 'neffy' with CVS Caremark. The company reportedly expressed confidence that coverage would begin July 1, 2026, while failing to disclose risks of delays that would impact summer and back-to-school seasons. Investors who purchased ARS securities between March 9 and June 24, 2026 can apply to be lead plaintiff by October 5, 2026.

SPRY class action lawsuit securities fraud insurance coverage delay epinephrine nasal spray CVS Caremark material misstatement investor losses
Sentiment note

The company is accused of providing materially misleading statements to investors regarding product insurance coverage timelines while concealing known risks of delays. This represents alleged securities fraud that caused investor losses and damaged shareholder trust.

Negative GlobeNewswire Inc. • Rosen Law Firm
ROSEN, NATIONAL TRIAL COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPRY

Rosen Law Firm is reminding investors who purchased ARS Pharmaceuticals securities between March 9, 2026 and June 24, 2026 of an October 5, 2026 deadline to join a securities class action lawsuit. The lawsuit alleges that ARS Pharmaceuticals provided false and misleading statements regarding the timeline for expanded insurance coverage of its epinephrine nasal spray product (neffy) through CVS Caremark, causing investors to purchase securities at artificially inflated prices.

SPRY securities class action ARS Pharmaceuticals lead plaintiff deadline insurance coverage epinephrine nasal spray CVS Caremark material misstatement
Sentiment note

The company is the subject of a securities class action lawsuit alleging material misstatements and concealment regarding insurance coverage timelines for its flagship product, resulting in artificially inflated stock prices and investor losses.

Negative GlobeNewswire Inc. • Rosen Law Firm
EQPT DEADLINE NOTICE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages EquipmentShare.com Inc Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - EQPT

Rosen Law Firm is notifying investors in EquipmentShare.com Inc, ARS Pharmaceuticals Inc, and Barclays PLC of ongoing securities class action lawsuits. EquipmentShare investors who purchased shares during the IPO or within the Class Period are encouraged to join the lawsuit, with a lead plaintiff deadline of September 21, 2026. The lawsuits allege material misstatements and omissions regarding business operations and financial disclosures.

EQPT SPRY BCS securities class action IPO material misstatement related party transactions investor losses
Sentiment note

Company is subject to securities class action lawsuit; limited details provided but inclusion in lawsuit notice indicates alleged securities violations.

Negative GlobeNewswire Inc. • Gainey Mckenna & Egleston
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed ARS Pharmaceutic (SPRY)

A securities class action lawsuit has been filed against ARS Pharmaceuticals Inc. for allegedly providing misleading statements about expanded insurance coverage for its epinephrine nasal spray product neffy through CVS Caremark. The company failed to disclose risks that the July 1, 2026 coverage deadline might not be met. When the truth emerged on June 24, 2026, ARS stock declined over 23.9% in a single day.

SPRY class action lawsuit securities fraud ARS Pharmaceuticals neffy CVS Caremark insurance coverage stock decline
Sentiment note

The company is accused of providing materially misleading statements to investors regarding insurance coverage timelines while failing to disclose significant risks. The resulting stock price decline of 23.9% and class action lawsuit indicate serious investor harm and loss of confidence in management's credibility.

Negative GlobeNewswire Inc. • Levi & Korsinsky, Llp
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of ARS Pharmaceuticals, Inc. Securities and Sets a Lead Plaintiff Deadline of October 5, 2026

Law firm Levi & Korsinsky has filed a class action lawsuit against ARS Pharmaceuticals for allegedly making false and misleading statements regarding expanded insurance coverage for its drug neffy through CVS Caremark. The company failed to meet its July 1, 2026 deadline for coverage expansion, causing the stock to plummet 23.9% on June 25, 2026. Investors who purchased securities between March 9 and June 24, 2026 can join the lawsuit with a lead plaintiff deadline of October 5, 2026.

SPRY class action lawsuit securities fraud insurance coverage misleading statements stock decline neffy drug
Sentiment note

Company allegedly made materially false and misleading statements about insurance coverage timelines, resulting in a 23.9% single-day stock decline and triggering a class action lawsuit for investor losses.

Positive GlobeNewswire Inc. • Ars Pharmaceuticals, Inc.
ARS Pharmaceuticals Reports First Quarter 2026 Financial Results and Corporate Update

ARS Pharmaceuticals reported Q1 2026 total revenue of $22.7 million, with neffy (epinephrine nasal spray) generating $17.5 million in U.S. net product revenue. The company expanded its sales force to 148 representatives, secured approval from Health Canada, and achieved European Commission marketing authorization for EURneffy 1 mg. CVS Caremark formulary approval is in final stages with expected July 2026 effective date. The Phase 2b CSU trial interim population is fully enrolled with Q4 2026 readout expected. Despite strong commercial momentum, the company reported a net loss of $60.6 million for the quarter.

SPRY neffy epinephrine nasal spray Q1 2026 earnings CVS Caremark FDA approval anaphylaxis treatment commercial expansion
Sentiment note

Strong commercial momentum with $17.5M in Q1 product revenue, successful sales force expansion to 148 reps, regulatory approvals in Canada and EU, CVS Caremark formulary approval in final stages, 28,000+ healthcare providers prescribing neffy, and 10,000+ schools enrolled in neffyinSchools program. However, offset by significant net loss of $60.6M and high SG&A expenses of $72.2M, indicating early-stage commercialization phase with substantial investment required.

Positive GlobeNewswire Inc. • Not Specified
ARS Pharmaceuticals Announces Conference Call and Webcast for its First Quarter 2026 Financial Results

ARS Pharmaceuticals (Nasdaq: SPRY) announced a conference call scheduled for May 15, 2026, to discuss its first quarter 2026 financial results and business highlights. The company continues commercializing neffy®, an epinephrine nasal spray for emergency treatment of allergic reactions and anaphylaxis across multiple markets including the U.S., EU, and China.

SPRY ARS Pharmaceuticals neffy epinephrine nasal spray anaphylaxis allergic reactions Q1 2026 earnings FDA approval
Sentiment note

The company is actively commercializing its flagship product neffy across multiple geographic markets (U.S., EU, China, Canada) with recent regulatory approvals including FDA label expansion to remove age requirements and Canadian approval. The scheduled earnings call indicates ongoing business operations and market expansion, suggesting positive momentum in product adoption and commercial execution.

Positive GlobeNewswire Inc. • Ars Pharmaceuticals
ARS Pharmaceuticals Reports Third Quarter 2025 Financial Results and Highlights for neffy® (epinephrine nasal spray)

ARS Pharmaceuticals reported $32.5 million in revenue for Q3 2025, primarily from neffy epinephrine nasal spray sales. The company continues to expand market presence through direct-to-consumer campaigns and has strong cash reserves of $288.2 million.

SPRY ALFRY MD epinephrine nasal spray anaphylaxis pharmaceutical medical device
Sentiment note

Strong revenue growth, expanding product market share, successful direct-to-consumer campaigns, and substantial cash reserves indicate positive business performance

Neutral The Motley Fool • Jesterai
ARS Pharma Sales Jump 3,040% in Q2

ARS Pharmaceuticals reported strong Q2 2025 revenue of $15.7 million, driven by its needle-free epinephrine nasal spray neffy. Prescription volumes grew 180%, and commercial coverage reached 93%, though high operating costs led to a net loss of $44.9 million.

SPRY epinephrine nasal spray allergic reactions pharmaceutical commercialization
Sentiment note

Mixed performance with strong revenue growth and product adoption, but offset by significant operating expenses and net loss

Positive GlobeNewswire Inc. • N/A
ARS Pharmaceuticals Files for Approval of neffy® in Canada and the United Kingdom on Behalf of Licensing Partner ALK-Abelló A/S

ARS Pharmaceuticals has filed for approval of its epinephrine nasal spray 'neffy' in Canada and the United Kingdom, where it will be marketed as 'EURneffy', on behalf of its licensing partner ALK-Abelló A/S. The filing is part of the company's efforts to expand the global availability of this life-saving treatment for severe allergic reactions.

SPRY ARS Pharmaceuticals neffy epinephrine nasal spray ALK-Abelló A/S Canada United Kingdom
Sentiment note

The article highlights ARS Pharmaceuticals' efforts to expand the global availability of its epinephrine nasal spray 'neffy', which is indicated for the emergency treatment of severe allergic reactions. The company's filing for approval in Canada and the UK, as well as its existing licensing partnerships in other regions, suggest a positive outlook for the company's growth and the potential impact of its product.

Positive GlobeNewswire Inc. • N/A
ARSファーマシューティカルズ (ARS Pharmaceuticals)、neffy®の中国、日本、オーストラリアでの承認申請を発表

ARS Pharmaceuticals announced that its licensing partners in China, Japan, and Australia have filed for regulatory approval of its epinephrine nasal spray, neffy, for the treatment of type I allergic reactions including anaphylaxis. The company is focused on making this life-saving treatment widely available globally.

SPRY ARS Pharmaceuticals neffy epinephrine nasal spray anaphylaxis type I allergic reactions
Sentiment note

The article highlights ARS Pharmaceuticals' efforts to make its life-saving epinephrine nasal spray, neffy, available globally through regulatory filings in multiple countries. This suggests the company is proactively working to expand access to its innovative product.

News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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