During the last session, Spire Global Inc. (NYSE:SPIR)’s traded shares were 0.68 million. At the end of the trading day, the stock’s price was $1.56, reflecting an intraday gain of 3.31% or $0.05. The 52-week high for the SPIR share is $19.50, that puts it down -1150.0 from that peak though still a striking 28.21% gain since the share price plummeted to a 52-week low of $1.12. The company’s market capitalization is $229.12M, and the average intraday trading volume over the past 10 days was 0.68 million shares, and the average trade volume was 1.07 million shares over the past three months.
Spire Global Inc. (SPIR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. SPIR has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.
Spire Global Inc. (NYSE:SPIR) trade information
Spire Global Inc. (SPIR) registered a 3.31% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.31% in intraday trading to $1.56 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 4.00%, and it has moved by 20.00% in 30 days. Based on these gigs, the overall price performance for the year is -84.35%. The short interest in Spire Global Inc. (NYSE:SPIR) is 4.36 million shares and it means that shorts have 2.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.12, which implies an increase of 62.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.70 and $6.00 respectively. As a result, SPIR is trading at a discount of -284.62% off the target high and 55.13% off the low.
Spire Global Inc. (SPIR) estimates and forecasts
Statistics show that Spire Global Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Spire Global Inc. (SPIR) shares have gone down -40.23% during the last six months, with a year-to-date growth rate more than the industry average at 46.24% against 7.90. In the rating firms’ projections, revenue will increase 102.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $19.12 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $22.28 million by the end of Sep 2022.
While earnings are projected to return 4.90% in 2022.
Spire Global Inc. is due to release its next quarterly earnings between March 28 and April 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Spire Global Inc. (NYSE:SPIR)’s Major holders
Spire Global Inc. insiders own 17.75% of total outstanding shares while institutional holders control 31.04%, with the float percentage being 37.73%. Deer Management Co. LLC is the largest shareholder of the company, while 109 institutions own stock in it. As of Mar 30, 2022, the company held over 7.28 million shares (or 5.21% of all shares), a total value of $15.28 million in shares.
The next largest institutional holding, with 4.81 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.45% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $10.11 million.
Also, the Mutual Funds coming in first place with the largest holdings of Spire Global Inc. (SPIR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.19 million shares. This amounts to just over 2.29 percent of the company’s overall shares, with a $6.71 million market value. The same data shows that the other fund manager holds slightly less at 2.55 million, or about 1.82% of the stock, which is worth about $2.95 million.