Investors Are Waking Up To Spire Global Inc (NYSE: SPIR) After Losing -11.78% Over The Past 12 Months

Spire Global Inc (NYSE:SPIR) currently has a daily average trading volume of 660.49K but it saw 1136138 shares traded in last market. With a market cap of 338.06M USD, the company’s current market price of $10.41 came rising about 4.52 while comparing to the previous closing price of $9.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.43 and as low as $6.26.

Taking a look at 20-day trading activity of Spire Global Inc (SPIR) gives us an average price of $9.46, while its current price level is -51.41% below from 52-week high level whereas it is 66.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.17 while that of 200 days or SMA-200 reads an average of $11.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.91% during that period while stretching the period over a month that decreases to 7.50%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.39 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Craig Hallum which upgraded the stock as “Buy” in its note to investors issued on November 14, 2024, recommending a price target of between $8 and $20 for it. Canaccord Genuity issued its recommendations for the stock as it resumed the price target for the stock in the range of between $20 and $12.

Over the week, SPIR’s stock price is moving 11.82% up while it is 13.15% when we observe its performance for the past one month. Year-to-date it is -26.01% down and over the past year, the stock is showing a downside performance of -11.78%.

Currently, Spire Global Inc’s total number of outstanding shares is 25.71M. Company’s return on investment (ROI) stands at -4065.56% and return on equity (ROE) at -787.97%. Stock’s beta reads 2.37. Stock has a price to sale or P/S ratio amounts to 3.06. Its return on asset (ROA) is -43.92% on average.