Spire Global Inc [NYSE: SPIR] plunged by -$3.41 during the normal trading session on while it closed the day at $6.75.
Spire Global Inc stock has also loss -36.97% of its value over the past 7 days. However, SPIR stock has declined by -40.48% in the 3 months of the year. Over the past six months meanwhile, it has lost -40.27% and lost -13.68% year-on date.
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The market cap for SPIR stock reached $164.16 million, with 21.10 million shares outstanding and 19.66 million shares in the current float. Compared to the average trading volume of 457.72K shares, SPIR reached a trading volume of 3694401 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Spire Global Inc [SPIR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPIR shares is $14.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPIR stock is a recommendation set at 1.83. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Spire Global Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 15, 2024. The new note on the price target was released on August 15, 2024, representing the official price target for Spire Global Inc stock.
The Average True Range (ATR) for Spire Global Inc is set at 1.19, with the Price to Sales ratio for SPIR stock in the period of the last 12 months amounting to 1.53. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 2.63.
SPIR stock trade performance evaluation
Spire Global Inc [SPIR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.97. With this latest performance, SPIR shares dropped by -52.63% in over the last four-week period, additionally sinking by -40.27% over the last 6 months – not to mention a rise of 26.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPIR stock in for the last two-week period is set at 28.28, with the RSI for the last a single of trading hit 22.87, and the three-weeks RSI is set at 32.74 for Spire Global Inc [SPIR]. The present Moving Average for the last 50 days of trading for this stock 11.31, while it was recorded at 9.78 for the last single week of trading, and 9.48 for the last 200 days.
Spire Global Inc [SPIR]: An insightful look at the core fundamentals
Spire Global Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.22 and a Current Ratio set at 2.22.
Spire Global Inc [SPIR]: Institutional Ownership
The top three institutional holders of SPIR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SPIR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SPIR stock with ownership which is approximately 5.1238%.
