While Spire Global Inc has underperformed by -0.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SPIR rose by 89.11%, with highs and lows ranging from $19.40 to $2.80, whereas the simple moving average jumped by 29.41% in the last 200 days.
On June 13, 2024, Alliance Global Partners Reiterated Spire Global Inc (NYSE: SPIR) to Buy. A report published by Craig Hallum on June 05, 2024, Initiated its previous ‘Buy’ rating for SPIR. Alliance Global Partners also rated SPIR shares as ‘Buy’, setting a target price of $22 on the company’s shares in an initiating report dated April 18, 2024. Credit Suisse Initiated an Neutral rating on October 12, 2022, and assigned a price target of $2. Canaccord Genuity initiated its ‘Buy’ rating for SPIR, as published in its report on August 30, 2022. Raymond James’s report from April 22, 2022 suggests a price prediction of $4 for SPIR shares, giving the stock a ‘Outperform’ rating. CJS Securities also rated the stock as ‘Market Outperform’.
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Analysis of Spire Global Inc (SPIR)
Further, the quarter-over-quarter increase in sales is 6.29%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Spire Global Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -79.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SPIR is recording an average volume of 648.68K. On a monthly basis, the volatility of the stock is set at 7.45%, whereas on a weekly basis, it is put at 8.10%, with a gain of 11.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.17, showing growth from the present price of $10.41, which can serve as yet another indication of whether SPIR is worth investing in or should be passed over.
How Do You Analyze Spire Global Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 19.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SPIR shares are owned by institutional investors to the tune of 19.97% at present.
