Spire Global Inc (NYSE: SPIR): Reassessing Prospects

Spire Global Inc (SPIR) concluded trading on Wednesday at a closing price of $10.12, with 5.03 million shares of worth about $50.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.17% during that period and on February 12, 2025 the price saw a loss of about -49.02%. Currently the company’s common shares owned by public are about 24.32M shares, out of which, 18.21M shares are available for trading.

Stock saw a price change of -47.07% in past 5 days and over the past one month there was a price change of -22.45%. Year-to-date (YTD), SPIR shares are showing a performance of -28.07% which decreased to -3.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.26 but also hit the highest price of $21.43 during that period. The average intraday trading volume for Spire Global Inc shares is 426.62K. The stock is currently trading -43.73% below its 20-day simple moving average (SMA20), while that difference is down -35.41% for SMA50 and it goes to -14.41% lower than SMA200.

Spire Global Inc (NYSE: SPIR) currently have 24.32M outstanding shares and institutions hold larger chunk of about 28.86% of that.

The stock has a current market capitalization of $261.35M and its 3Y-monthly beta is at 2.27. It has posted earnings per share of -$3.48 in the same period. It has Quick Ratio of 2.22 while making debt-to-equity ratio of 1.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPIR, volatility over the week remained 11.02% while standing at 9.99% over the month.

Stock’s fiscal year EPS is expected to rise by 9.50% while it is estimated to increase by 57.50% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on November 14, 2024 offering a Buy rating for the stock and assigned a target price range of between $8 and $20 to it. Coverage by Alliance Global Partners stated Spire Global Inc (SPIR) stock as a Buy in their note to investors on November 14, 2024, suggesting a price target of $24 for the stock. Stock get a Neutral rating from Robert W. Baird on August 15, 2024.

Most Popular

Related Posts