Spire Global Inc (NYSE:SPIR) price on Friday, June 13, fall -5.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.90.
A look at the stock’s price movement, the close in the last trading session was $11.52. Turning to its 52-week performance, $21.43 and $6.26 were the 52-week high and 52-week low respectively. Overall, SPIR moved 4.71% over the past month.
Spire Global Inc’s market cap currently stands at around $355.17 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 -2.94% and 8.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.07, while 7-day volatility ratio is 2.21% and 3.82% in the 30-day chart. Further, Spire Global Inc (SPIR) has a beta value of 2.40, and an average true range (ATR) of 0.68. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $11 and high of $18. Looking at the price targets, the low is -0.92% off current price level while to achieve the yearly target high, price needs to move -65.14%. Nonetheless, investors will most likely welcome a -37.61% jump to $15 which is the analysts’ median price.
If we refocus on Spire Global Inc (NYSE:SPIR), historical trading data shows that trading volumes averaged 649.58K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.97 million shares.
The 23.94% of Spire Global Inc’s shares are in the hands of company insiders while institutional holders own 40.74% of the company’s shares. Current price change has pushed the stock -22.53% 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.
