The price of Spire Global Inc. (NYSE:SPIR) shares last traded on Wall Street fell -4.58% to $0.94.
Based on available information, 8 analysts follow Spire Global Inc. (NYSE:SPIR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $1.05, we find $4.00. Given the previous closing price of $0.98, this indicates a potential upside of 308.16 percent. SPIR stock price is now -13.74% away from the 50-day moving average and -26.66% away from the 200-day moving average. The market capitalization of the company currently stands at $138.33M.
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Among analysts, 1 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $3.32 as their price target over the next twelve months.
With the price target of $2, Credit Suisse recently initiated with Neutral rating for Spire Global Inc. (NYSE: SPIR). On August 30, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $3.50, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Platzer Peter, Chief Executive Officer sold 90,396 shares of the company’s stock on Feb 24. The stock was sold for $92,385 at an average price of $1.02. Upon completion of the transaction, the Chief Executive Officer now directly owns 10,887,289 shares in the company, valued at $10.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Chief Operating Officer Condor Theresa sold 35,118 shares of the business’s stock. A total of $35,891 was realized by selling the stock at an average price of $1.02. This leaves the insider owning 1,153,461 shares of the company worth $1.08 million. Insiders disposed of 4,400 shares of company stock worth roughly $4136.0 over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPIR stock. A new stake in Spire Global Inc. shares was purchased by LANE GENERATIONAL LLC during the first quarter worth $658,000. TRUE CAPITAL MANAGEMENT invested $184,000 in shares of SPIR during the first quarter. In the first quarter, METLIFE INVESTMENT MANAGEMENT, LLC acquired a new stake in Spire Global Inc. valued at approximately $70,000. WOLVERINE TRADING, LLC acquired a new stake in SPIR for approximately $24,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in SPIR valued at around $20,000 in the second quarter. In total, there are 109 active investors with 36.10% ownership of the company’s stock.
A candlestick chart of Spire Global Inc. (NYSE: SPIR) showed a price of $0.9900 on Wednesday morning. During the past 12 months, Spire Global Inc. has had a low of $0.86 and a high of $2.39. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 3.30, and a quick ratio of 3.30. The fifty day moving average price for SPIR is $1.0842 and a two-hundred day moving average price translates $1.2752 for the stock.
The latest earnings results from Spire Global Inc. (NYSE: SPIR) was released for Sep, 2022. According to the Specialty Business Services Company, earnings per share came in at -$0.12, missing analysts’ expectations of -$0.1 by -0.02. This compares to -$0.83 EPS in the same period last year. The net profit margin was -10.00% and return on equity was -4.50% for SPIR. The company reported revenue of $20.42 million for the quarter, compared to $9.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 113.56 percent. For the current quarter, analysts expect SPIR to generate $23.36M in revenue.
Spire Global Inc.(SPIR) Company Profile
Spire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. has a strategic partnership with TAC Index Limited. Spire Global, Inc. was formerly known as Nanosatisfi, Inc. and changed its name to Spire Global, Inc. in July 2014. The company was incorporated in 2012 and is based in San Francisco, California with additional offices in Boulder, Colorado; Washington, D.C.; Glasgow, United Kingdom; Luxembourg; and Singapore.
