Spire Global Inc (NYSE:SPIR) has a beta value of 2.27 and has seen 1.14 million shares traded in the last trading session. The company, currently valued at $285.03M, closed the last trade at $11.72 per share which meant it gained $0.26 on the day or 2.27% during that session. The SPIR stock price is -82.85% off its 52-week high price of $21.43 and 46.59% above the 52-week low of $6.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.16 million shares traded. The 3-month trading volume is 499.80K shares.
The consensus among analysts is that Spire Global Inc (SPIR) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.28.
Spire Global Inc (NYSE:SPIR) trade information
Sporting 2.27% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SPIR stock price touched $11.72 or saw a rise of 45.31%. Year-to-date, Spire Global Inc shares have moved -16.70%, while the 5-day performance has seen it change -40.42%. Over the past 30 days, the shares of Spire Global Inc (NYSE:SPIR) have changed -15.20%. Short interest in the company has seen 1.92 million shares shorted with days to cover at 3.97.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could jump 38.32% from current levels. The projected low price target is $18.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -70.65% off the targeted high while a plunge would see the stock gain -53.58% from current levels.
Spire Global Inc (SPIR) estimates and forecasts
The company’s shares have gained 15.35% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 13.95%.
3 analysts offering their estimates for the company have set an average revenue estimate of 30.17M for the current quarter. 5 have an estimated revenue figure of 31.27M for the next ending quarter. Year-ago sales stood 26.49M and 27.32M respectively for this quarter and the next, and analysts expect sales will grow by 13.87% for the current quarter and 13.95% for the next.
Earnings growth for 2025 is a modest 9.50% while over the next 5 years, the company’s earnings are expected to increase by 20.75%.
SPIR Dividends
Spire Global Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Spire Global Inc (NYSE:SPIR)’s Major holders
Insiders own 9.21% of the company shares, while shares held by institutions stand at 35.79% with a share float percentage of 39.42%. Investors are also buoyed by the number of investors in a company, with Spire Global Inc having a total of 125.0 institutions that hold shares in the company. The top two institutional holders are DEER MANAGEMENT CO. LLC with over 0.89 million shares worth more than $9.68 million. As of 2024-06-30, DEER MANAGEMENT CO. LLC held 4.0953% of shares outstanding.
The other major institutional holder is FRANCISCO PARTNERS MANAGEMENT, LP, with the holding of over 0.31 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.34 million and represent 1.4146% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . As of Nov 30, 2024 , the former fund manager holds about 2.52% shares in the company for having 612.55 shares of worth $7.18 million while later fund manager owns 536.25 shares of worth $6.28 million as of Sep 30, 2024 , which makes it owner of about 2.21% of company’s outstanding stock.
