The stock of Spire Inc. (SR) has gone down by -0.90% for the week, with a -5.21% drop in the past month and a -3.33% drop in the past quarter. The volatility ratio for the week is 1.42%, and the volatility levels for the past 30 days are 1.36% for SR. The simple moving average for the past 20 days is -3.59% for SR’s stock, with a 2.21% simple moving average for the past 200 days.
Is It Worth Investing in Spire Inc. (NYSE: SR) Right Now?
Spire Inc. (NYSE: SR) has a price-to-earnings ratio of 15.23x that is above its average ratio. Additionally, the 36-month beta value for SR is 0.54. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 2 rating it as “sell.”
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The public float for SR is 56.16M and currently, short sellers hold a 2.63% ratio of that float. The average trading volume of SR on October 17, 2024 was 366.70K shares.
SR) stock’s latest price update
Spire Inc. (NYSE: SR)’s stock price has dropped by -5.21 in relation to previous closing price of 66.80. Nevertheless, the company has seen a loss of -0.90% in its stock price over the last five trading days. accesswire.com reported 2024-10-17 that LOS ANGELES, CA / ACCESSWIRE / October 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Spire Global, Inc. (“Spire” or “the Company”) (NYSE:SPIR) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between March 6, 2024 and August 14, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before October 21, 2024.
Analysts’ Opinion of SR
Mizuho, on the other hand, stated in their research note that they expect to see SR reach a price target of $62, previously predicting the price at $64. The rating they have provided for SR stocks is “Neutral” according to the report published on May 02nd, 2024.
Ladenburg Thalmann gave a rating of “Neutral” to SR, setting the target price at $57.50 in the report published on April 26th of the current year.
SR Trading at -3.29% from the 50-Day Moving Average
After a stumble in the market that brought SR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.91% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares sank -5.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.08% lower at present.
During the last 5 trading sessions, SR fell by -0.77%, which changed the moving average for the period of 200-days by -0.56% in comparison to the 20-day moving average, which settled at $65.68. In addition, Spire Inc. saw 1.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SR starting from Gorla Gerard J., who sale 500 shares at the price of $64.82 back on Aug 22 ’24. After this action, Gorla Gerard J. now owns 7,311 shares of Spire Inc., valued at $32,410 using the latest closing price.
Fogarty Maria V., the Director of Spire Inc., sale 6,590 shares at $65.15 during a trade that took place back on Aug 02 ’24, which means that Fogarty Maria V. is holding 9,800 shares at $429,339 based on the most recent closing price.
Stock Fundamentals for SR
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.34 for the gross margin
The net margin for Spire Inc. stands at 0.09. The total capital return value is set at 0.05. Equity return is now at value 7.83, with 2.37 for asset returns.
Based on Spire Inc. (SR), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is 2.33.
Currently, EBITDA for the company is 696.8 million with net debt to EBITDA at 5.86. When we switch over and look at the enterprise to sales, we see a ratio of 3.13. The receivables turnover for the company is 7.56for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In conclusion, Spire Inc. (SR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
