During the last session, Spire Global Inc (NYSE:SPIR)’s traded shares were 0.52 million, with the beta value of the company hitting 2.13. At the end of the trading day, the stock’s price was $15.98, reflecting an intraday gain of 2.50% or $0.39. The 52-week high for the SPIR share is $19.40, that puts it down -21.4 from that peak though still a striking 70.84% gain since the share price plummeted to a 52-week low of $4.66. The company’s market capitalization is $412.68M, and the average intraday trading volume over the past 10 days was 0.57 million shares, and the average trade volume was 295.69K shares over the past three months.
Spire Global Inc (SPIR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. SPIR has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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Spire Global Inc (NYSE:SPIR) trade information
Spire Global Inc (SPIR) registered a 2.50% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.50% in intraday trading to $15.98, hitting a weekly high. The stock’s 5-day price performance is 18.55%, and it has moved by 77.16% in 30 days. Based on these gigs, the overall price performance for the year is 220.88%. The short interest in Spire Global Inc (NYSE:SPIR) is 2.91 million shares and it means that shorts have 18.7 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 20.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $256 respectively. As a result, SPIR is trading at a discount of -1502.0% off the target high and 43.68% 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 up 77.56% during the last six months, with a year-to-date growth rate more than the industry average at 56.56% against 12.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.89% this quarter and then jump 53.92% in the quarter after that. In the rating firms’ projections, revenue will increase 15.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.27M as predicted by 4 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 31.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 26.49M and 27.32M respectively. In this case, analysts expect current quarter sales to grow by 14.28% and then jump by 16.39% in the coming quarter.
While earnings are projected to return 9.50% in 2024.
SPIR Dividends
Spire Global Inc is due to release its next quarterly earnings in December. 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 8.43% of total outstanding shares while institutional holders control 36.54%, with the float percentage being 39.90%. DEER MANAGEMENT CO. LLC is the largest shareholder of the company, while 109.0 institutions own stock in it. As of 2024-06-30, the company held over 0.89 million shares (or 4.0953% of all shares), a total value of $9.68 million in shares.
The next largest institutional holding, with 0.31 million shares, is of FRANCISCO PARTNERS MANAGEMENT, LP’s that is approximately 1.4146% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.34 million.
Also, the Mutual Funds coming in first place with the largest holdings of Spire Global Inc (SPIR) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . Data provided on Sep 30, 2024 indicates that iShares Russell 2000 ETF owns about 570.78 shares. This amounts to just over 2.35 percent of the company’s overall shares, with a $9.12 million market value. The same data shows that the other fund manager holds slightly less at 492.25, or about 2.02% of the stock, which is worth about $7.87 million.
