SPIR has 36-month beta value of 2.00. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for SPIR is 18.40M, and currently, short sellers hold a 17.32% ratio of that float. The average trading volume of SPIR on November 08, 2024 was 351.95K shares.
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SPIR) stock’s latest price update
Spire Global Inc (NYSE: SPIR) has seen a decline in its stock price by -8.06 in relation to its previous close of 11.42. However, the company has experienced a 6.06% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-04 that VIENNA, Va.–(BUSINESS WIRE)—- $SPIR–Spire Global, Inc. (NYSE: SPIR) (“Spire” or the “Company”) announces a milestone for new contract bookings in the third quarter and provides an update on the ongoing review of its accounting practices. During the third quarter, the Company brought in $40.0 million of new contracts. This is the largest value of bookings the Company has received in a quarter. Spire entered the third quarter of 2024 with a cash and marketable securities balance of $45.8 million and en.
SPIR’s Market Performance
Spire Global Inc (SPIR) has seen a 6.06% rise in stock performance for the week, with a 13.39% gain in the past month and a -0.47% plunge in the past quarter. The volatility ratio for the week is 8.11%, and the volatility levels for the past 30 days are at 5.37% for SPIR. The simple moving average for the last 20 days is 7.26% for SPIR stock, with a simple moving average of 0.72% for the last 200 days.
Analysts’ Opinion of SPIR
Many brokerage firms have already submitted their reports for SPIR stocks, with Canaccord Genuity repeating the rating for SPIR by listing it as a “Buy.” The predicted price for SPIR in the upcoming period, according to Canaccord Genuity is $12 based on the research report published on September 10, 2024 of the current year 2024.
Robert W. Baird gave a rating of “Neutral” to SPIR, setting the target price at $9 in the report published on August 15th of the current year.
SPIR Trading at 10.10% 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 -45.88% of loss for the given period.
Volatility was left at 5.37%, however, over the last 30 days, the volatility rate increased by 8.11%, as shares surge +16.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.11% upper at present.
During the last 5 trading sessions, SPIR rose by +6.06%, which changed the moving average for the period of 200-days by +50.86% in comparison to the 20-day moving average, which settled at $9.79. In addition, Spire Global Inc saw 34.27% 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 SPIR starting from Condor Theresa, who sale 18,539 shares at the price of $7.10 back on Aug 21 ’24. After this action, Condor Theresa now owns 394,744 shares of Spire Global Inc, valued at $131,586 using the latest closing price.
Basola Leonardo, the Chief Financial Officer of Spire Global Inc, sale 13,993 shares at $7.10 during a trade that took place back on Aug 21 ’24, which means that Basola Leonardo is holding 249,757 shares at $99,320 based on the most recent closing price.
Stock Fundamentals for SPIR
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.58 for the gross margin
The net margin for Spire Global Inc stands at -0.67. The total capital return value is set at -0.18. Equity return is now at value -79.87, with -26.92 for asset returns.
Based on Spire Global Inc (SPIR), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -0.17. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -4.15.
Currently, EBITDA for the company is -22.75 million with net debt to EBITDA at -3.61. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. The receivables turnover for the company is 4.53for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
To put it simply, Spire Global Inc (SPIR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
