Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Spire Global Inc (NYSE: SPIR) was $19.17 for the day, up 5.45% from the previous closing price of $18.18. In other words, the price has increased by $5.45 from its previous closing price. On the day, 1.08 million shares were traded. SPIR stock price reached its highest trading level at $19.5 during the session, while it also had its lowest trading level at $17.84.
Ratios:
Our analysis of SPIR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.22 and its Current Ratio is at 2.22. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on November 14, 2024, Upgraded its rating to Buy and sets its target price to $20 from $8 previously.
On November 14, 2024, Alliance Global Partners reiterated its Buy rating and also lowered its target price recommendation from $17 to $24.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 21 ’24 when Johnson Boyd C. sold 12,373 shares for $14.77 per share. The transaction valued at 182,712 led to the insider holds 311,608 shares of the business.
Condor Theresa sold 17,592 shares of SPIR for $259,781 on Nov 21 ’24. The Chief Operating Officer now owns 377,152 shares after completing the transaction at $14.77 per share. On Nov 21 ’24, another insider, Platzer Peter, who serves as the Chief Executive Officer of the company, sold 50,238 shares for $14.77 each. As a result, the insider received 741,865 and left with 1,891,703 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPIR now has a Market Capitalization of 466168384 and an Enterprise Value of 533108640. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.62 while its Price-to-Book (P/B) ratio in mrq is 5.46. Its current Enterprise Value per Revenue stands at 4.972 whereas that against EBITDA is -23.821.
Stock Price History:
The Beta on a monthly basis for SPIR is 2.29, which has changed by 1.6045845 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, SPIR has reached a high of $19.40, while it has fallen to a 52-week low of $6.26. The 50-Day Moving Average of the stock is 33.64%, while the 200-Day Moving Average is calculated to be 70.24%.
Shares Statistics:
SPIR traded an average of 348.60K shares per day over the past three months and 520980 shares per day over the past ten days. A total of 24.32M shares are outstanding, with a floating share count of 18.34M. Insiders hold about 24.56% of the company’s shares, while institutions hold 27.88% stake in the company. Shares short for SPIR as of 1735603200 were 1910494 with a Short Ratio of 5.48, compared to 1732838400 on 2057536. Therefore, it implies a Short% of Shares Outstanding of 1910494 and a Short% of Float of 8.649999999999999.
