Spire Global Inc (NYSE: SPIR) is 27.79% higher on its value in year-to-date trading and has touched a low of $6.26 and a high of $19.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPIR stock was last observed hovering at around $16.64 in the last trading session, with the day’s gains setting it 1.34%.
Currently trading at $17.98, the stock is 26.50% and 28.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 8.05% at the moment leaves the stock 60.66% off its SMA200. SPIR registered 173.25% gain for a year compared to 6-month gain of 30.57%. The firm has a 50-day simple moving average (SMA 50) of $14.042 and a 200-day simple moving average (SMA200) of $11.191.
The stock witnessed a 30.57% gain in the last 1 month and extending the period to 3 months gives it a 84.03%, and is 37.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.56% over the week and 7.86% over the month.
Spire Global Inc (SPIR) has around 416 employees, a market worth around $464.33M and $107.22M in sales. Profit margin for the company is -66.72%. Distance from 52-week low is 187.22% and -7.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.62%).
with sales reaching $30.17M over the same period.The EPS is expected to grow by 9.50% this year, but quarterly earnings will post 13.95% year-over-year. Quarterly sales are estimated to grow 13.87% in year-over-year returns.
Spire Global Inc (SPIR) Top Institutional Holders
112.0 institutions hold shares in Spire Global Inc (SPIR), with institutional investors hold 40.25% of the company’s shares. The shares outstanding are 24.32M, and float is at 18.34M with Short Float at 10.42%. Institutions hold 36.76% of the Float.
The top institutional shareholder in the company is DEER MANAGEMENT CO. LLC with over 0.89 million shares valued at $9.68 million. The investor’s holdings represent 4.0953% of the SPIR Shares outstanding. As of 2024-06-30, the second largest holder is FRANCISCO PARTNERS MANAGEMENT, LP with 0.31 million shares valued at $3.34 million to account for 1.4146 of the shares outstanding.
Spire Global Inc (SPIR) Insider Activity
The most recent transaction is an insider sale by Johnson Boyd C., the company’s CLO, CAO and Corp Sec. SEC filings show that Johnson Boyd C. sold 12,373 shares of the company’s common stock on Nov 21 ’24 at a price of $14.77 per share for a total of $0.18 million. Following the sale, the insider now owns 0.31 million shares.
Spire Global Inc disclosed in a document filed with the SEC on Nov 21 ’24 that Condor Theresa (Chief Operating Officer) sold a total of 17,592 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $14.77 per share for $0.26 million. Following the transaction, the insider now directly holds 0.38 million shares of the SPIR stock.
Still, SEC filings show that on Nov 21 ’24, Platzer Peter (Chief Executive Officer) disposed off 50,238 shares at an average price of $14.77 for $0.74 million. The insider now directly holds 1,891,703 shares of Spire Global Inc (SPIR).
