During the last session, Spire Global Inc (NYSE:SPIR)’s traded shares were 0.42 million, with the beta value of the company hitting 2.41. At the end of the trading day, the stock’s price was $8.19, reflecting an intraday loss of -4.43% or -$0.38. The 52-week high for the SPIR share is $21.43, that puts it down -161.66 from that peak though still a striking 23.57% gain since the share price plummeted to a 52-week low of $6.26. The company’s market capitalization is $262.79M, and the average intraday trading volume over the past 10 days was 0.48 million shares, and the average trade volume was 657.09K 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 1.80. 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 -0.93.
Spire Global Inc (NYSE:SPIR) trade information
Spire Global Inc (SPIR) registered a -4.43% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.43% in intraday trading to $8.19, hitting a weekly high. The stock’s 5-day price performance is -5.97%, and it has moved by -27.59% in 30 days. Based on these gigs, the overall price performance for the year is -29.64%. The short interest in Spire Global Inc (NYSE:SPIR) is 2.92 million shares and it means that shorts have 4.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 45.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $20 respectively. As a result, SPIR is trading at a discount of -144.2% off the target high and -58.73% off the low.
Spire Global Inc (SPIR) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.25% 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 20.34M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 28.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 27.73M and 25.69M respectively. In this case, analysts expect current quarter sales to shrink by -26.63% and then jump by 10.03% in the coming quarter.
While earnings are projected to return -6.49% in 2025, the next five years will return 7.48% per annum.
SPIR Dividends
Spire Global Inc is due to release its next quarterly earnings on 2025-Mar-02. 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 6.07% of total outstanding shares while institutional holders control 29.11%, with the float percentage being 30.99%. BLACKROCK INC. is the largest shareholder of the company, while 126.0 institutions own stock in it. As of 2024-06-30, the company held over 1.18 million shares (or 4.8271% of all shares), a total value of $12.81 million in shares.
The next largest institutional holding, with 0.89 million shares, is of DEER MANAGEMENT CO. LLC’s that is approximately 3.648% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of Spire Global Inc (SPIR) shares are iShares Trust-iShares Russell 2000 ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Feb 28, 2025 indicates that iShares Trust-iShares Russell 2000 ETF owns about 572.12 shares. This amounts to just over 2.22 percent of the company’s overall shares, with a $4.69 million market value. The same data shows that the other fund manager holds slightly less at 536.25, or about 2.08% of the stock, which is worth about $4.39 million.
