At the time of writing, Spire Global Inc [SPIR] stock is trading at $17.98, up 8.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPIR shares have gain 37.04% over the last week, with a monthly amount glided 30.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Spire Global Inc [NYSE: SPIR] stock has seen the most recent analyst activity on November 14, 2024, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $20 from $8. Previously, Alliance Global Partners reaffirmed its Buy rating on November 14, 2024, and elevated its price target to $24. Raymond James downgraded its rating to a Mkt Perform. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $9 on August 15, 2024. Craig Hallum downgraded its rating to Hold for this stock on August 15, 2024. In a note dated June 13, 2024, Alliance Global Partners reiterated an Buy rating on this stock.
For the past year, the stock price of Spire Global Inc fluctuated between $6.26 and $19.40. Currently, Wall Street analysts expect the stock to reach $15.67 within the next 12 months. Spire Global Inc [NYSE: SPIR] shares were valued at $17.98 at the most recent close of the market. An investor can expect a potential drop of -12.85% 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 0.57% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.71 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
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 16.64 points at the first support level, and at 15.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.87, and for the 2nd resistance point, it is at 19.75.
Ratios To Look Out For
It is important to note that Spire Global Inc [NYSE:SPIR] has a current ratio of 2.22. As well, the Quick Ratio is 2.22, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 4.33, the price to book ratio is 5.12.
Transactions by insiders
Recent insider trading involved Johnson Boyd C., CLO, CAO and Corp Sec, that happened on Nov 21 ’24 when 12373.0 shares were sold. Chief Operating Officer, Condor Theresa completed a deal on Nov 21 ’24 to sell 17592.0 shares. Meanwhile, Chief Executive Officer Platzer Peter sold 50238.0 shares on Nov 21 ’24.
