In the latest trading session,, 1.58 million Spire Global Inc (NYSE:SPIR) shares changed hands as the company’s beta touched 2.02. With the company’s most recent per share price at $14.53 changing hands around $2.74 or 23.24% at last look, the market valuation stands at $375.24M. SPIR’s current price is a discount, trading about -33.52% off its 52-week high of $19.40. The share price had its 52-week low at $4.52, which suggests the last value was 68.89% up since then. When we look at Spire Global Inc’s average trading volume, we note the 10-day average is 0.24 million shares, with the 3-month average coming to 342.66K.
Analysts gave the Spire Global Inc (SPIR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SPIR as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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Spire Global Inc (NYSE:SPIR) trade information
Instantly SPIR is in green as seen in intraday trades today. With action 27.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 85.81%, with the 5-day performance at 27.23% in the green. However, in the 30-day time frame, Spire Global Inc (NYSE:SPIR) is 49.79% up. Looking at the short shares, we see there were 2.91 million shares sold at short interest cover period of 18.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 27.35% from its recent market value. According to analyst projections, SPIR’s forecast low is 8 with 256 as the target high. To hit the forecast high, the stock’s price needs a -1661.87% plunge from its current level, while the stock would need to tank 44.94% for it to hit the projected low.
Spire Global Inc (SPIR) estimates and forecasts
Data shows that the Spire Global Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 28.13% over the past 6 months, a 56.56% in annual growth rate that is considerably higher than the industry average of 13.00%.
The 2024 estimates are for Spire Global Inc earnings to increase by 45.93%.
SPIR Dividends
Spire Global Inc is expected to release its next quarterly earnings report on 2024-Aug-14.
Spire Global Inc (NYSE:SPIR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.43% of Spire Global Inc shares while 35.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.79%. There are 35.52% institutions holding the Spire Global Inc stock share, with DEER MANAGEMENT CO. LLC the top institutional holder. As of 2024-06-30, the company held 4.0953% of the shares, roughly 0.89 million SPIR shares worth $9.68 million.
FRANCISCO PARTNERS MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 1.4146% or 0.31 million shares worth $3.34 million as of 2024-06-30.
