Are Smart Investors Making the Right Decision? Spire Global Inc (SPIR)

With 1.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $18.35 whereas the lowest price it dropped to was $16.18. The 52-week range on SPIR shows that it touched its highest point at $19.40 and its lowest point at $6.26 during that stretch. It currently has a 1-year price target of $19.60. Beta for the stock currently stands at 2.25.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPIR was up-trending over the past week, with a rise of 37.04%, but this was up by 30.57% over a month. Three-month performance surged to 84.03% while six-month performance rose 30.57%. The stock gained 173.25% in the past year, while it has gained 27.79% so far this year. A look at the trailing 12-month EPS for SPIR yields -3.48 with Next year EPS estimates of -0.85. For the next quarter, that number is -0.38. This implies an EPS growth rate of 9.50% for this year and 57.50% for next year.

Float and Shares Shorts:

At present, 24.32 million SPIR shares are outstanding with a float of 18.34 million shares on hand for trading. On 2024-12-31, short shares totaled 1.91 million, which was 786.00004 higher than short shares on 1732838400. In addition to Mr. Peter Platzer as the firm’s Co-Founder, President & Executive Chairman, Ms. Theresa Condor serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.36762002 of SPIR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, SPIR reported revenue of $25688000.0 and operating income of -$11703000.0. The EBITDA in the recently reported quarter was -$4154000.0 and diluted EPS was -$1.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPIR since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPIR analysts setting a high price target of 24.0 and a low target of 16.0, the average target price over the next 12 months is 19.6. Based on these targets, SPIR could surge 33.48% to reach the target high and fall by -11.01% to reach the target low. Reaching the average price target will result in a growth of 9.01% from current levels.

Analysts have provided yearly estimates in a range of -$1.95975 being high and -$2.04804 being low. For SPIR, this leads to a yearly average estimate of -$2. Based on analyst estimates, the high estimate for the next quarter is -$0.1 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.19.