Spire Global Inc. (NYSE:SPIR) finished Thursday with a subtraction of -$0.07 to close at $0.60, a downside of -9.99 percent. An average of 1,182,560 shares of common stock have been traded in the last five days. There was a fall of -$0.0791 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 897,515 shares traded, while the 50-day average volume stands at 1,855,894.
SPIR stock has decreased by -12.99% in the last month. The company shares reached their 1-month lowest point of $0.5669 on 07/24/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $0.35 and a high of $1.71 in 52 weeks. It has reached a new high 8 times so far this year and lost -37.40% or -$0.3590 in price. In spite of this, the price is down -64.85% from the 52-week high.
Insider Transactions
SPIR stock investors should be aware that Spire Global Inc. (SPIR) stock had its last reported insider trading activity 79 days ago on May 24. In this transaction, the insider spent $41,289. Chief Operating Officer, Condor Theresa, disposed of 26,182 shares at a price of $0.74 on May 24. The insider now owns more than $19,270 worth of shares. Prior to that, Chief Financial Officer Krywe Thomas went on to Sale 14,953 shares at $0.74 each on May 24. An amount of $11,005 was transacted.
Valuation Metrics
Spire Global Inc. (SPIR) stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.10, the price-to-book (PB) ratio at 0.92.
Financial Health
The quick ratio of Spire Global Inc. for the three months ended June 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.27 and a total debt to equity ratio of 1.27 for the quarter ending June 29. Spire Global Inc.’s EBITDA margin for the year ending June 29 is -59.63%, while its operating margin for the same period stands at -99.60%. Its gross profit as reported stood at $39.94 million compared to revenue of $80.27 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Spire Global Inc.’s return on assets was -35.40%.
Earnings Surprise
For the three-month period that ended June 29, Spire Global Inc. had $25.66 million in cash and short-term investments compared to $119.04 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$17.67 million in the quarter, while revenues of -$17.54 million were grew 33.28%. The analyst consensus anticipated Spire Global Inc.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.07, a 30.00% surprise. For the quarter, EBITDA amounted to -$5.59 million. Shareholders own equity worth $177.52 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Spire Global Inc. (SPIR) price momentum. RSI 9-day as of the close on 10 August was 37.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 80.27%.
As of today, SPIR’s price is $0.6673 -11.63% or -$0.0791 from its 5-day moving average. SPIR is currently trading -16.81% lower than its 20-day SMA and -25.06% lower than its 100-day SMA. However, the stock’s current price level is -19.40% below the SMA50 and -51.14% below the SMA200.
The stochastic %K and %D were 52.71% and 63.91%, respectively, and the average true range (ATR) was 0.0692. With the 14-day stochastic at 19.70% and the average true range at 0.0690, the RSI (14) stands at 43.12%. The stock has reached -0.0169 on the 9-day MACD Oscillator while the 14-day reading was at -0.0085.
Analyst Ratings
Credit Suisse launched coverage on Spire Global Inc. (NYSE: SPIR) in its analyst report released on October 12, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Spire Global Inc. (SPIR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPIR, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 2 others rate it as a “buy”.
What is SPIR’s price target for the next 12 months?
Analysts predict a range of price targets between $0.55 and $4.00, with a median target of $3.25. Taking a look at these predictions, the average price target given by analysts for Spire Global Inc. (SPIR) stock is $2.76.
