In last trading session, Spire Global Inc (NYSE:SPIR) saw 0.61 million shares changing hands with its beta currently measuring 2.28. Company’s recent per share price level of $13.24 trading at $0.71 or 5.67% at ring of the bell on the day assigns it a market valuation of $341.93M. That closing price of SPIR’s stock is at a discount of -46.53% from its 52-week high price of $19.40 and is indicating a premium of 52.72% from its 52-week low price of $6.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.24 million shares which gives us an average trading volume of 277.73K if we extend that period to 3-months.
For Spire Global Inc (SPIR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.28 in the current quarter.
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Spire Global Inc (NYSE:SPIR) trade information
Upright in the green during last session for gaining 5.67%, in the last five days SPIR remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $13.24 price level, adding 7.35% to its value on the day. Spire Global Inc’s shares saw a change of 69.31% in year-to-date performance and have moved -2.00% in past 5-day. Spire Global Inc (NYSE:SPIR) showed a performance of -8.18% in past 30-days. Number of shares sold short was 2.06 million shares which calculate 5.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 26.44% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 32.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 32.02% for stock’s current value.
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 33.74% of value to its shares in past 6 months, showing an annual growth rate of 56.56% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 15.00% 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 30.27M for the same. And 6 analysts are in estimates of company making revenue of 31.79M in the next quarter. Company posted 26.49M and 27.32M of sales in current and next quarters respectively a year earlier.
Spire Global Inc (NYSE:SPIR)’s Major holders
Insiders are in possession of 8.04% of company’s total shares while institution are holding 36.57 percent of that, with stock having share float percentage of 39.77%. Investors also watch the number of corporate investors in a company very closely, which is 36.57% institutions for Spire Global Inc that are currently holding shares of the company. DEER MANAGEMENT CO. LLC is the top institutional holder at SPIR for having 0.89 million shares of worth $9.68 million. And as of 2024-06-30, it was holding 4.0953 of the company’s outstanding shares.
The second largest institutional holder is FRANCISCO PARTNERS MANAGEMENT, LP, which was holding about 0.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4146 of outstanding shares, having a total worth of $3.34 million.
