Spire Global Inc. (NYSE:SPIR) saw a downside of -4.00% to close Friday at $0.63 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,122,860 shares of the company’s common stock. It has gained $0.7100 in the past week and touched a new high 1 time within the past 5 days. An average of 1,095,950 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,906,536.
SPIR’s 1-month performance is -9.49% or -$0.0719 on its low of $0.5669 reached on 07/24/23. The company’s shares have touched a 52-week low of $0.35 and high of $1.60, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, SPIR has lost -34.00% or -$0.3264 and has reached a new high 8 times. However, the current price is down -60.40% from the 52-week high price.
Insider Transactions
SPIR stock investors last saw insider trading activity on May 24.Platzer Peter (Chief Executive Officer) most recently sold 56,099 shares at $0.74 per share on May 24. This transaction cost the insider $41,289. Chief Operating Officer, Condor Theresa, sold 26,182 shares at a price of $0.74 on May 24. Then, on May 24, Chief Financial Officer Krywe Thomas sold 14,953 shares at a price of $0.74 per share. This transaction amounted to $11,005.
Valuation Metrics
SPIR stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.25 while the price-to-book (PB) in the most recent quarter is 1.01.
Spire Global Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.28, while the total debt to equity was 1.28. In terms of profitability, the gross margin trailing 12 months is 56.20%. The trailing 12-month EBITDA margin is -59.63% while for the period ending June 29, Spire Global Inc.’s operating margin was -62.20%. The firm’s gross profit as reported stood at $39.94 million against revenue of $80.27 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -135.22% to -$16.27 million, while revenue of -$17.67 million was -8.6% off the previous quarter. Analysts expected SPIR to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.07, representing a 30.00% surprise. EBITDA for the quarter stood at more than -$5.59 million. SPIR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 174.83 million, with total debt at $135.15 million. Shareholders hold equity totaling $177.52 million.
Let’s look briefly at Spire Global Inc. (SPIR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 43.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.69%.
The stock’s 5-day moving average is $0.6595, reflecting a -1.00% or -$0.0064 change from its current price. SPIR is currently trading -2.37% above its 20-day SMA, -7.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.59% and SMA200 by-56.00%.
Stochastic %K and %D was 38.22% and 44.60% and the average true range (ATR) pointed at 0.0585. The RSI (14) points at 46.76%, while the 14-day stochastic is at 26.55% with the period’s ATR at 0.0618. The stock’s 9-day MACD Oscillator is pointing at -0.0062 and -0.0136 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Spire Global Inc. (NYSE: SPIR), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for SPIR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPIR as a “sell,”, while 0 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 2 have offered a “buy” rating.
What is SPIR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.55 and a high of $4.00, with their median price target at $3.25. Looking at these predictions, the average price target given by analysts is for Spire Global Inc. (SPIR) stock is $2.76.
