Spire Global Inc (NYSE:SPIR)’s traded shares stood at 1.15 million during the last session, with the company’s beta value hitting 2.08. At the close of trading, the stock’s price was $13.34, to imply a decrease of -0.82% or -$0.11 in intraday trading. The SPIR share’s 52-week high remains $19.40, putting it -45.43% down since that peak but still an impressive 65.82% since price per share fell to its 52-week low of $4.56. The company has a valuation of $344.50M, with an average of 0.45 million shares in intraday trading volume over the past 10 days and average of 371.47K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Spire Global Inc (SPIR), translating to a mean rating of 1.67. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SPIR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.28.
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Spire Global Inc (NYSE:SPIR) trade information
After registering a -0.82% downside in the last session, Spire Global Inc (SPIR) has traded red over the past five days. The 5-day price performance for the stock is 27.05%, and 36.54% over 30 days. With these gigs, the year-to-date price performance is 70.59%. Short interest in Spire Global Inc (NYSE:SPIR) saw shorts transact 2.91 million shares and set a 18.7 days time to cover.
The extremes give us $9 and $256 for target low and target high price respectively. As such, SPIR has been trading -1819.04% off suggested target high and 32.53% from its likely low.
Spire Global Inc (SPIR) estimates and forecasts
Looking at statistics comparing Spire Global Inc share performance against respective industry, we note that the company has outperformed competitors. Spire Global Inc (SPIR) shares are 34.61% up over the last 6 months, with its year-to-date growth rate higher than industry average at 56.56% against 12.90%. Revenue is forecast to grow 50.89% this quarter before jumping 53.92% for the next one. The rating firms project that company’s revenue will grow 15.82% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 30.23M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 32.2M.Earnings reports from the last fiscal year show that sales brought in 26.49M and 27.32M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.12% before jumping 17.89% in the following quarter.
SPIR Dividends
Spire Global Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Spire Global Inc (NYSE:SPIR)’s Major holders
Spire Global Inc insiders hold 8.43% of total outstanding shares, with institutional holders owning 36.30% of the shares at 39.64% float percentage. In total, 36.30% institutions holds shares in the company, led by DEER MANAGEMENT CO. LLC. As of 2024-06-30, the company held over 0.89 million shares (or 4.0953% of shares), all amounting to roughly $9.68 million.
The next major institution holding the largest number of shares is FRANCISCO PARTNERS MANAGEMENT, LP with 0.31 million shares, or about 1.4146% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.34 million.
