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After finishing at $7.07 in the prior trading day, Spire Global Inc (NYSE: SPIR) closed at $7.63, up 7.92%. In other words, the price has increased by $7.92 from its previous closing price. On the day, 0.99 million shares were traded. SPIR stock price reached its highest trading level at $7.82 during the session, while it also had its lowest trading level at $7.0201.
Ratios:
Our goal is to gain a better understanding of SPIR by taking a closer look at its different ratios. 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, Robert W. Baird on August 15, 2024, Downgraded its rating to Neutral and sets its target price to $9 from $15 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 22 ’24 when Platzer Peter sold 14,640 shares for $10.91 per share. The transaction valued at 159,781 led to the insider holds 1,447,598 shares of the business.
Platzer Peter sold 12,534 shares of SPIR for $142,737 on Feb 21 ’24. The Chief Executive Officer now owns 1,462,238 shares after completing the transaction at $11.39 per share. On Feb 22 ’24, another insider, Condor Theresa, who serves as the Chief Operating Officer of the company, sold 6,858 shares for $10.91 each. As a result, the insider received 74,848 and left with 228,283 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 185543296 and an Enterprise Value of 252483984. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 2.355 whereas that against EBITDA is -11.282.
Stock Price History:
Over the past 52 weeks, SPIR has reached a high of $19.40, while it has fallen to a 52-week low of $3.27. The 50-Day Moving Average of the stock is -32.16%, while the 200-Day Moving Average is calculated to be -19.67%.
Shares Statistics:
The stock has traded on average 482.73K shares per day over the past 3-months and 847100 shares per day over the last 10 days, according to various share statistics. A total of 21.10M shares are outstanding, with a floating share count of 19.66M. Insiders hold about 19.14% of the company’s shares, while institutions hold 26.77% stake in the company. Shares short for SPIR as of 1722384000 were 3726964 with a Short Ratio of 7.72, compared to 1719532800 on 2615618. Therefore, it implies a Short% of Shares Outstanding of 3726964 and a Short% of Float of 16.870001000000002.
Earnings Estimates
Spire Global Inc (SPIR) is currently under the scrutiny of 3.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.1 and low estimates of -$0.29.
Analysts are recommending an EPS of between -$0.96 and -$1.34 for the fiscal current year, implying an average EPS of -$1.12. EPS for the following year is -$0.14, with 3.0 analysts recommending between $0.78 and -$0.61.
Revenue Estimates
7 analysts predict $30.4M in revenue for the current quarter. It ranges from a high estimate of $31M to a low estimate of $29.5M. As of the current estimate, Spire Global Inc’s year-ago sales were $26.49MFor the next quarter, 7 analysts are estimating revenue of $32.86M. There is a high estimate of $34.4M for the next quarter, whereas the lowest estimate is $30.5M.
A total of 7 analysts have provided revenue estimates for SPIR’s current fiscal year. The highest revenue estimate was $128.9M, while the lowest revenue estimate was $118.99M, resulting in an average revenue estimate of $124.09M. In the same quarter a year ago, actual revenue was $105.7MBased on 6 analysts’ estimates, the company’s revenue will be $152.19M in the next fiscal year. The high estimate is $175.82M and the low estimate is $136.5M.
