In yesterday’s Wall Street session, Spire Global Inc. (NYSE:SPIR) shares traded at $0.69, up 12.51% from the previous session.
5 analysts cover Spire Global Inc. (NYSE:SPIR), according to research data. 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 $0.55, we find $3.25. Given the previous closing price of $0.61, this indicates a potential upside of 432.79 percent. SPIR stock price is now 5.40% away from the 50-day moving average and -27.82% away from the 200-day moving average. The market capitalization of the company currently stands at $104.79M.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $2.76 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).
In other news, Platzer Peter, Chief Executive Officer sold 56,099 shares of the company’s stock on May 24. The stock was sold for $41,289 at an average price of $0.74. Upon completion of the transaction, the Chief Executive Officer now directly owns 12,080,275 shares in the company, valued at $8.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Chief Operating Officer Condor Theresa sold 26,182 shares of the business’s stock. A total of $19,270 was realized by selling the stock at an average price of $0.74. This leaves the insider owning 2,046,180 shares of the company worth $1.41 million. Insiders disposed of 568,729 shares of company stock worth roughly $0.39 million 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 1492 CAPITAL MANAGEMENT LLC during the first quarter worth $486,000. COMMONWEALTH EQUITY SERVICES, LLC invested $55,000 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 $51,000. WELLS FARGO & COMPANY/MN acquired a new stake in SPIR for approximately $15,000. KESTRA PRIVATE WEALTH SERVICES, LLC purchased a new stake in SPIR valued at around $12,000 in the second quarter. In total, there are 112 active investors with 36.10% ownership of the company’s stock.
On Wednesday morning Spire Global Inc. (NYSE: SPIR) stock kicked off with the opening price of $0.6200. During the past 12 months, Spire Global Inc. has had a low of $0.35 and a high of $1.71. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 2.70, and a quick ratio of 2.70. The fifty day moving average price for SPIR is $0.6551 and a two-hundred day moving average price translates $0.9548 for the stock.
The latest earnings results from Spire Global Inc. (NYSE: SPIR) was released for Mar, 2023. According to the Specialty Business Services Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.12 by 0.02. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $24.17 million for the quarter, compared to $18.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.75 percent. For the current quarter, analysts expect SPIR to generate $24.36M in revenue.
Spire Global Inc.(SPIR) Company Profile
Spire Global, Inc. provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. was formerly known as Nanosatisfi, Inc. and changed its name to Spire Global, Inc. in July 2014. The company is headquartered in California, USA.
