The stock of Spire Global Inc (NYSE:SPIR) last traded at $9.00, up 10.43% from the previous session.
SPIR stock price is now -19.21% away from the 50-day moving average and 17.26% away from the 200-day moving average. The market capitalization of the company currently stands at $218.88M.
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With the price target of $22, Alliance Global Partners recently initiated with Buy rating for Spire Global Inc (NYSE: SPIR). On October 12, 2022, Credit Suisse recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Platzer Peter, Chief Executive Officer sold 14,640 shares of the company’s stock on Feb 22 ’24. The stock was sold for $159,781 at an average price of $10.91. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,447,598 shares in the company, valued at $13.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Chief Operating Officer Condor Theresa sold 6,858 shares of the business’s stock. A total of $74,848 was realized by selling the stock at an average price of $10.91. This leaves the insider owning 228,283 shares of the company worth $2.05 million. A total of 18.93% of the company’s stock is owned by insiders.
During the past 12 months, Spire Global Inc has had a low of $2.80 and a high of $19.40. As of last week, the company has a debt-to-equity ratio of 1.53, a current ratio of 2.22, and a quick ratio of 2.22. The fifty day moving average price for SPIR is $11.083 and a two-hundred day moving average price translates $7.69325 for the stock.
The latest earnings results from Spire Global Inc (NYSE: SPIR) was released for 2024-03-31. According to the Specialty Business Services Company, earnings per share came in at -0.88, missing analysts’ expectations of -0.8 by -0.08. This compares to -$0.98 EPS in the same period last year. The net profit margin was -66.72% and return on equity was -79.87% for SPIR. The company reported revenue of $25.69 million for the quarter, compared to $24.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.29 percent. For the current quarter, analysts expect SPIR to generate $30.44M in revenue.
