Spire Global Inc (NYSE:SPIR) price on current trading day, rose 17.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.24.
A look at the stock’s price movement, the level at last check in today’s session was $13.82, moving within a range at $14.23 and $16.48. The beta value (5-Year monthly) was 1.969. Turning to its 52-week performance, $19.40 and $6.26 were the 52-week high and 52-week low respectively. Overall, SPIR moved 20.21% over the past month.
Spire Global Inc’s market cap currently stands at around $419.40 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 30.17M for the company’s revenue for the quarter, with a low and high estimate of 29.5M and 31M respectively. The average forecast suggests up to a 13.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 120.45M, representing a 13.95% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPIR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend SPIR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPIR’s current price about 16.24% and 16.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.42, while 7-day volatility ratio is 4.88% and 6.72% in the 30-day chart. Further, Spire Global Inc (SPIR) has a beta value of 2.25, and an average true range (ATR) of 1.01. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $9 and high of $20. Looking at the price targets, the low is 44.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -23.15%. Nonetheless, investors will most likely welcome a -10.84% jump to $18 which is the analysts’ median price.
If we refocus on Spire Global Inc (NYSE:SPIR), historical trading data shows that trading volumes averaged 0.23 over the past 10 days and 292.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 24.32 million shares.
The 24.56% of Spire Global Inc’s shares are in the hands of company insiders while institutional holders own 27.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.91 million on 2024-12-31, giving us a short ratio of 6.9. The data shows that as of 2024-12-31 short interest in Spire Global Inc (SPIR) stood at 864.9999999999999 of shares outstanding, with shares short falling to 2.06 million registered in 2024-11-29. Current price change has pushed the stock 15.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPIR stock continues to rise going into the next quarter.
