A new trading day began on Tuesday, with Spire Global Inc (NYSE: SPIR) stock price down -5.14% from the previous day of trading, before settling in for the closing price of $15.57. SPIR’s price has ranged from $4.71 to $19.40 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 56.33% over the past five years. Meanwhile, its annual earnings per share averaged 9.50%. With a float of $18.50 million, this company’s outstanding shares have now reached $24.32 million.
Let’s look at the performance matrix of the company that is accounted for 416 employees. In terms of profitability, gross margin is 58.39%, operating margin of -39.11%, and the pretax margin is -66.87%.
Spire Global Inc (SPIR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Business Services Industry. The insider ownership of Spire Global Inc is 23.94%, while institutional ownership is 28.02%. The most recent insider transaction that took place on Nov 21 ’24, was worth 182,712. In this transaction CLO, CAO and Corp Sec of this company sold 12,373 shares at a rate of $14.77, taking the stock ownership to the 311,608 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Chief Operating Officer sold 17,592 for $14.77, making the entire transaction worth $259,781. This insider now owns 377,152 shares in total.
Spire Global Inc (SPIR) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -0.56 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.50% per share during the next fiscal year.
Spire Global Inc (NYSE: SPIR) Trading Performance Indicators
Here are Spire Global Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.48, a number that is poised to hit -0.38 in the next quarter and is forecasted to reach -0.85 in one year’s time.
Technical Analysis of Spire Global Inc (SPIR)
Spire Global Inc (NYSE: SPIR) saw its 5-day average volume 0.28 million, a negative change from its year-to-date volume of 0.41 million. As of the previous 9 days, the stock’s Stochastic %D was 56.82%. Additionally, its Average True Range was 0.95.
During the past 100 days, Spire Global Inc’s (SPIR) raw stochastic average was set at 80.28%, which indicates a significant increase from 49.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.68% in the past 14 days, which was lower than the 99.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.33, while its 200-day Moving Average is $10.91. Nevertheless, the first resistance level for the watch stands at $15.40 in the near term. At $16.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.61. If the price goes on to break the first support level at $14.19, it is likely to go to the next support level at $13.62. Assuming the price breaks the second support level, the third support level stands at $12.98.
Spire Global Inc (NYSE: SPIR) Key Stats
With a market capitalization of 381.43 million, the company has a total of 24,318K Shares Outstanding. Currently, annual sales are 105,700 K while annual income is -63,960 K. The company’s previous quarter sales were 25,690 K while its latest quarter income was -25,260 K.
