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Does Spire Global Inc (NYSE:SPIR) Look Expensive At $10.44? Here’s How To Know.

In last trading session, Spire Global Inc (NYSE:SPIR) saw 0.7 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $10.44 trading at $2.29 or 28.10% at ring of the bell on the day assigns it a market valuation of $217.67M. That closing price of SPIR’s stock is at a premium of 11.49% from its 52-week high price of $9.24 and is indicating a premium of 73.18% from its 52-week low price of $2.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 92270.0 shares which gives us an average trading volume of 122.53K if we extend that period to 3-months.

Spire Global Inc (NYSE:SPIR) trade information

Upright in the green during last session for gaining 28.10%, in the last five days SPIR remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $10.44 price level. Spire Global Inc’s shares saw a change of 33.50% in year-to-date performance and have moved 48.72% in past 5-day. Spire Global Inc (NYSE:SPIR) showed a performance of 47.88% in past 30-days. Number of shares sold short was 0.53 million shares which calculate 3.77 days to cover the short interests.

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Spire Global Inc (SPIR) estimates and forecasts

Statistics highlight that Spire Global Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 117.14% of value to its shares in past 6 months, showing an annual growth rate of 14.33% while that of industry is 5.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 10.00% in the current quarter and calculating 39.80% increase in the next quarter. This year revenue growth is estimated to rise 33.70% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $29.34 million for the same. And 4 analysts are in estimates of company making revenue of $32.31 million in the next quarter that will end on Mar 2024. Company posted $22.39 million and $24.17 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 31.10% while estimating it to be 33.70% for the next quarter.

SPIR Dividends

Spire Global Inc is more likely to be releasing its next quarterly report on March 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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