In yesterday’s Wall Street session, Spire Global Inc. (NYSE:SPIR) shares traded at $5.48, up 4.18% from the previous session.
SPIR stock price is now 9.91% away from the 50-day moving average and -19.83% away from the 200-day moving average. The market capitalization of the company currently stands at $122.51M.
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 159,442 shares of the company’s stock on Aug 20. The stock was sold for $95,506 at an average price of $0.60. Upon completion of the transaction, the Chief Executive Officer now directly owns 11,920,833 shares in the company, valued at $65.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20, Chief Operating Officer Condor Theresa sold 71,454 shares of the business’s stock. A total of $42,801 was realized by selling the stock at an average price of $0.60. This leaves the insider owning 1,974,726 shares of the company worth $10.82 million. 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 KENT LAKE CAPITAL LLC during the first quarter worth $2,398,000. MILLENNIUM MANAGEMENT LLC invested $1,508,000 in shares of SPIR during the first quarter. In the first quarter, SCOGGIN MANAGEMENT LP acquired a new stake in Spire Global Inc. valued at approximately $206,000. Y-INTERCEPT (HONG KONG) LTD acquired a new stake in SPIR for approximately $183,000. VERITION FUND MANAGEMENT LLC purchased a new stake in SPIR valued at around $171,000 in the second quarter.
Friday morning saw Spire Global Inc. (NYSE: SPIR) opened at $5.39. During the past 12 months, Spire Global Inc. has had a low of $2.80 and a high of $12.64. As of last week, the company has a debt-to-equity ratio of 1.28, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for SPIR is $4.98 and a two-hundred day moving average price translates $6.81 for the stock.
The latest earnings results from Spire Global Inc. (NYSE: SPIR) was released for Jun, 2023. According to the Specialty Business Services Company, earnings per share came in at -$0.56, beating analysts’ expectations of -$0.8 by 0.24. This compares to -$2.19 EPS in the same period last year. The net profit margin was -78.40% and return on equity was -69.80% for SPIR. The company reported revenue of $26.49 million for the quarter, compared to $19.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.6 percent. For the current quarter, analysts expect SPIR to generate $26.46M 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.
