In last trading session, Spire Global Inc (NYSE:SPIR) saw 0.35 million shares changing hands with its beta currently measuring 2.29. Company’s recent per share price level of $17.15 trading at -$0.67 or -3.76% at ring of the bell on the day assigns it a market valuation of $442.90M. That closing price of SPIR’s stock is at a discount of -21.81% from its 52-week high price of $20.89 and is indicating a premium of 63.5% 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 0.75 million shares which gives us an average trading volume of 396.73K 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.
Spire Global Inc (NYSE:SPIR) trade information
Upright in the red during last session for losing -3.76%, in the last five days SPIR remained trading in the red while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $17.15 price level, adding 10.4% to its value on the day. Spire Global Inc’s shares saw a change of 21.89% in year-to-date performance and have moved -8.87% in past 5-day. Spire Global Inc (NYSE:SPIR) showed a performance of 19.76% in past 30-days. Number of shares sold short was 1.95 million shares which calculate 7.4 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 4.72% 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 47.52% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.52% 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 23.03% of value to its shares in past 6 months, showing an annual growth rate of 56.56% while that of industry is 13.50. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
In 2025, company’s earnings growth rate is likely to be around 9.50% while estimates for its earnings growth in next 5 years are of 20.75%.
Spire Global Inc (NYSE:SPIR)’s Major holders
Insiders are in possession of 8.66% of company’s total shares while institution are holding 37.27 percent of that, with stock having share float percentage of 40.80%. Investors also watch the number of corporate investors in a company very closely, which is 37.27% 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.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 612.55 shares of worth $10.51 million or 2.52% of the total outstanding shares. The later fund manager was in possession of 536.25 shares on Sep 30, 2024 , making its stake of worth around $9.2 million in the company or a holder of 2.21% of company’s stock.
