Spire Global Inc. (NYSE:SPIR) went up by 6.11% from its latest closing price compared to the recent 1-year high of $4.92. The company’s stock price has collected -4.14% of loss in the last five trading sessions.
Is It Worth Investing in Spire Global Inc. (NYSE :SPIR) Right Now?
Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Spire Global Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $3.28, which is $1.75 above the current price. SPIR currently public float of 114.81M and currently shorts hold a 4.17% ratio of that float. Today, the average trading volume of SPIR was 472.80K shares.
SPIR’s Market Performance
SPIR stocks went down by -4.14% for the week, with a monthly jump of 7.75% and a quarterly performance of -10.32%, while its annual performance rate touched -70.11%. The volatility ratio for the week stands at 7.16% while the volatility levels for the past 30 days are set at 8.04% for Spire Global Inc. The simple moving average for the period of the last 20 days is 1.79% for SPIR stocks with a simple moving average of -12.34% for the last 200 days.
Analysts’ Opinion of SPIR
Many brokerage firms have already submitted their reports for SPIR stocks, with Credit Suisse repeating the rating for SPIR by listing it as a “Neutral.” The predicted price for SPIR in the upcoming period, according to Credit Suisse is $2 based on the research report published on October 12th of the current year 2022.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see SPIR reach a price target of $3.50. The rating they have provided for SPIR stocks is “Buy” according to the report published on August 30th, 2022.
Raymond James gave a rating of “Outperform” to SPIR, setting the target price at $4 in the report published on April 22nd of the current year.
SPIR Trading at 12.77% from the 50-Day Moving Average
After a stumble in the market that brought SPIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.75% of loss for the given period.
Volatility was left at 8.04%, however, over the last 30 days, the volatility rate increased by 7.16%, as shares surge +13.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.73% upper at present.
During the last 5 trading sessions, SPIR fell by -4.14%, which changed the moving average for the period of 200-days by -53.82% in comparison to the 20-day moving average, which settled at $1.3735. In addition, Spire Global Inc. saw -58.88% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SPIR
Current profitability levels for the company are sitting at:
- -141.18 for the present operating margin
- +56.84 for the gross margin
The net margin for Spire Global Inc. stands at -44.52. Equity return is now at value -20.80, with -10.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.24.