In the latest trading session, 0.91 million Spire Global Inc (NYSE:SPIR) shares changed hands as the company’s beta touched 2.25. With the company’s most recent per share price at $9.42 changing hands around $1.94 or 25.94% at last look, the market valuation stands at $305.91M. SPIR’s current price is a discount, trading about -127.49% off its 52-week high of $21.43. The share price had its 52-week low at $6.26, which suggests the last value was 33.55% up since then. When we look at Spire Global Inc’s average trading volume, we note the 10-day average is 0.58 million shares, with the 3-month average coming to 701.60K.
Analysts gave the Spire Global Inc (SPIR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SPIR as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Spire Global Inc’s EPS for the current quarter is expected to be -0.67.
Spire Global Inc (NYSE:SPIR) trade information
Instantly SPIR is in green as seen in intraday trades today. With action 18.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -33.05%, with the 5-day performance at 18.64% in the green. However, in the 30-day time frame, Spire Global Inc (NYSE:SPIR) is -3.58% down. Looking at the short shares, we see there were 2.92 million shares sold at short interest cover period of 4.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16.5, meaning bulls need an upside of 42.91% from its recent market value. According to analyst projections, SPIR’s forecast low is 11 with 20 as the target high. To hit the forecast high, the stock’s price needs a -112.31% plunge from its current level, while the stock would need to soar -16.77% for it to hit the projected low.
Spire Global Inc (SPIR) estimates and forecasts
Year-over-year growth is forecast to reach 8.61% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 22.97M. 5 analysts are of the opinion that Spire Global Inc’s revenue for the current quarter will be 27.23M. The company’s revenue for the corresponding quarters a year ago was 25.69M and 25.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -10.59%. The estimates for the next quarter sales put growth at 7.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.67%. The 2025 estimates are for Spire Global Inc earnings to increase by 13.01%, but the outlook for the next 5-year period is at 40.74% per year.
Spire Global Inc (NYSE:SPIR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.00% of Spire Global Inc shares while 28.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.53%. There are 28.70% institutions holding the Spire Global Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 4.8271% of the shares, roughly 1.18 million SPIR shares worth $12.81 million.
DEER MANAGEMENT CO. LLC holds the second largest percentage of outstanding shares, with 3.648% or 0.89 million shares worth $9.68 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Russell 2000 ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 572.12 shares estimated at $5.3 million under it, the former controlled 1.85% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 1.73% of the shares, roughly 536.25 shares worth around $4.97 million.
