At the time of writing, Spire Global Inc [SPIR] stock is trading at $13.45, up 14.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SPIR shares have gain 17.78% over the last week, with a monthly amount glided 38.66%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Mkt Perform on August 28, 2024. On August 15, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $9 on the stock. Craig Hallum downgraded its rating to a Hold. Alliance Global Partners reiterated its recommendation of a Buy. Craig Hallum started tracking with a Buy rating for this stock on June 05, 2024, and assigned it a price target of $13. In a note dated April 18, 2024, Alliance Global Partners initiated an Buy rating and provided a target price of $22 on this stock.
For the past year, the stock price of Spire Global Inc fluctuated between $4.52 and $19.40. Currently, Wall Street analysts expect the stock to reach $55.83 within the next 12 months. Spire Global Inc [NYSE: SPIR] shares were valued at $13.45 at the most recent close of the market. An investor can expect a potential return of 315.09% based on the average SPIR price forecast.
Analyzing the SPIR fundamentals
According to Spire Global Inc [NYSE:SPIR], the company’s sales were 107.22M for trailing twelve months, which represents an 6.29% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.88 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.70 points at the first support level, and at 11.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.81, and for the 2nd resistance point, it is at 16.18.
Ratios To Look Out For
It is important to note that Spire Global Inc [NYSE:SPIR] has a current ratio of 2.22. In addition, the Quick Ratio stands at 2.22 and the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 3.24, the price to book ratio is 3.83.
Transactions by insiders
Recent insider trading involved Condor Theresa, Chief Operating Officer, that happened on Aug 21 ’24 when 18539.0 shares were sold. Chief Financial Officer, Basola Leonardo completed a deal on Aug 21 ’24 to sell 13993.0 shares. Meanwhile, Chief Executive Officer Platzer Peter sold 30657.0 shares on Aug 21 ’24.
