In yesterday’s Wall Street session, Spire Global Inc (NYSE:SPIR) shares traded at $11.39, down -34.80% from the previous session.
SPIR stock price is now 14.59% away from the 50-day moving average and 78.18% away from the 200-day moving average. The market capitalization of the company currently stands at $252.06M.
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 14,640 shares of the company’s stock on Feb 22 ’24. The stock was sold for $159,781 at an average price of $10.91. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,447,598 shares in the company, valued at $16.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Chief Operating Officer Condor Theresa sold 6,858 shares of the business’s stock. A total of $74,848 was realized by selling the stock at an average price of $10.91. This leaves the insider owning 228,283 shares of the company worth $2.6 million. A total of 33.33% of the company’s stock is owned by insiders.
During the past 12 months, Spire Global Inc has had a low of $2.80 and a high of $19.40. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 1.66, and a quick ratio of 1.66. The fifty day moving average price for SPIR is $10.03 and a two-hundred day moving average price translates $6.42 for the stock.
The latest earnings results from Spire Global Inc (NYSE: SPIR) was released for Dec, 2023. According to the Specialty Business Services Company, earnings per share came in at -$0.58, beating analysts’ expectations of -$0.72 by 0.14. This compares to -$1.00 EPS in the same period last year. The net profit margin was -60.51% and return on equity was -70.80% for SPIR. The company reported revenue of $27.73 million for the quarter, compared to $22.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.86 percent. For the current quarter, analysts expect SPIR to generate $28.12M in revenue.
