At the last check on Thursday, Spire Global Inc.’s (NYSE:SPIR) stock was up $0.01, moving up 1.35 percent to $0.67. The average number of shares traded per day over the past five days has been 1,079,695 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0736 gain in that time frame. In the last twenty days, the average volume was 1,022,444, while in the previous 50 days, it was 1,888,450.
Since last month, SPIR stock retreated -6.42%. Shares of the company fell to $0.5669 on 07/24/23, the lowest level in the past month. A 52-week high of $1.60 was reached on 01/17/23 after having rallying from a 52-week low of $0.35. Since the beginning of this year, SPIR’s stock price has dropped by -30.50% or -$0.2854, and marked a new high 8 times. However, the stock has declined by -58.30% since its 52-week high.
SPIR stock investors should be aware that Spire Global Inc. (SPIR) stock had its last reported insider trading activity 85 days ago on May 24. Platzer Peter, the Chief Executive Officer of the company, disposed of 56,099 shares for $0.74 on May 24. It resulted in a $41,289 divestment by the insider. Condor Theresa sold 26,182 shares at an average price of $0.74 on May 24. The insider now owns 2,046,180 shares following the transaction. On May 24, Chief Financial Officer Krywe Thomas sold 14,953 shares at $0.74 apiece. The transaction was valued at $11,005.
Valuation Metrics
The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 1.03.
Financial Health
In the recent quarter, Spire Global Inc.’s quick ratio stood at 2.70, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.27, and the total debt-to-equity ratio was 1.27. On the profitability front, the trailing twelve-month gross margin is 52.70% percent. Based on annual data, SPIR earned $39.94 million in gross profit and brought in $80.27 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -44.10%. Return on equity (ROE) for the past 12 months was -75.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPIR’s revenue rose 24.98% to $24.17 million during the quarter, while net income inched up to $25.86 million. During the quarter, the company generated -$5.59 million in EBITDA. The liabilities of Spire Global Inc. were 174.83 million at the end of its most recent quarter, and its total debt was $135.15 million. The value of shareholders’ equity is $177.52 million.
Technical Picture
This quick technical analysis looks at Spire Global Inc.’s (SPIR) price momentum. With a historical volatility rate of 82.16%, the RSI 9-day stood at 52.62% on 16 August.
With respect to its five-day moving average, the current Spire Global Inc. price is up by +12.25% percent or $0.0736. At present, SPIR shares trade -3.63% below its 20-day simple moving average and -2.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.50% below its SMA50 and -52.83% below its SMA200.
Stochastic coefficient K was 48.86% and Stochastic coefficient D was 48.28%, while ATR was 0.0596. Given the Stochastic reading of 54.74% for the 14-day period, the RSI (14) reading has been calculated as 52.01%.
Analyst Ratings
Credit Suisse launched its rating on Spire Global Inc. (NYSE: SPIR) to a Neutral in a note to investors on October 12, 2022. Spire Global Inc. (SPIR) has been rated Overweight by analysts. According to 0 brokerage firms, SPIR is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Spire Global Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $3.25, the current consensus forecast for the stock is $0.55 – $4.00. Based on these forecasts, analysts predict Spire Global Inc. (SPIR) will achieve an average price target of $2.76.
