In today’s recent session, 2.43 million shares of the Spire Global Inc (NYSE:SPIR) have been traded, and its beta is 2.27. Most recently the company’s share price was $9.90, and it changed around -$9.95 or -50.11% from the last close, which brings the market valuation of the company to $255.73M. SPIR at last check was trading at a discount to its 52-week high of $21.43, offering almost -116.46% off that amount. The share price’s 52-week low was $6.26, which indicates that the recent value has risen by an impressive 36.77% since then. We note from Spire Global Inc’s average daily trading volume that its 10-day average is 0.45 million shares, with the 3-month average coming to 426.62K.
Spire Global Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SPIR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Spire Global Inc is expected to report earnings per share of -0.28 for the current quarter.
Spire Global Inc (NYSE:SPIR) trade information
Instantly SPIR has been showing red trend so far today with a performance of -50.11% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 21.43 on recent trading dayincreased the stock’s daily price by 53.8%. The company’s shares are currently down -29.62% year-to-date, but still down -48.21% over the last five days. On the other hand, Spire Global Inc (NYSE:SPIR) is -24.12% down in the 30-day period. We can see from the shorts that 1.92 million shares have been sold at a short interest cover period of 3.97 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 45.0% from its current value. Analyst projections state that SPIR is forecast to be at a low of $9 and a high of $20.
Spire Global Inc (SPIR) estimates and forecasts
The year-over-year growth rate is expected to be 13.95%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 30.17M in revenue for the current quarter. 5 analysts expect Spire Global Inc to make 31.27M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 26.49M and 27.32M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.87%. Forecasts for the next quarter put sales growth at 14.48%.
Spire Global Inc earnings are expected to increase by 9.50% in 2025, but the outlook is positive 20.75% per year for the next five years.
SPIR Dividends
Spire Global Inc’s next quarterly earnings report is expected to be released in March.
Spire Global Inc (NYSE:SPIR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.21% of Spire Global Inc shares, and 37.39% of them are in the hands of institutional investors. The stock currently has a share float of 41.19%. Spire Global Inc stock is held by 115.0 institutions, with DEER MANAGEMENT CO. LLC being the largest institutional investor. By 2024-06-30, it held 4.0953% of the shares, which is about 0.89 million shares worth $9.68 million.
FRANCISCO PARTNERS MANAGEMENT, LP, with 1.4146% or 0.31 million shares worth $3.34 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 612.55 shares worth $6.21 million, making up 2.52% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 536.25 shares worth around $5.43 million, which represents about 2.21% of the total shares outstanding.
