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NYSE:SPIR

Spire Global (SPIR) Stock Price, News & Analysis

Spire Global logo
$13.54 -0.23 (-1.67%)
(As of 12/17/2024 ET)

About Spire Global Stock (NYSE:SPIR)

Key Stats

Today's Range
$13.25
$14.06
50-Day Range
$8.99
$16.62
52-Week Range
$6.26
$19.40
Volume
382,259 shs
Average Volume
407,410 shs
Market Capitalization
$329.27 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.60
Consensus Rating
Moderate Buy

Company Overview

Spire Global Inc. is a space-to-cloud data and analytics company headquartered in San Francisco, California, with offices across the United States, Europe and Asia. The company was founded in 2012 to transform how businesses and governments make decisions using data from space. Spire has developed a unique constellation of small satellites that provide global coverage of Earth's atmosphere, weather, maritime and aviation domains. Spire's innovative technology has made it possible to collect and analyze data at a scale and level of accuracy never before possible, enabling organizations to make more informed decisions.

Spire's satellites have various sensors that capture a wide range of data, including temperature, humidity, pressure, wind and other atmospheric variables. The company also has a growing suite of sensors that collect data on maritime and aviation activity, enabling customers to track the movement of ships and planes in real-time. Spire's cloud-based platform, Spire Sense, provides customers access to this data and powerful analytics tools that allow them to derive insights and make more informed decisions.

Spire Global's leadership team is headed by CEO Peter Platzer, who co-founded the company in 2012. Platzer has extensive experience in the space industry, having worked as a spacecraft engineer at the European Space Agency. 

Over the past few years, Spire Global has shown impressive financial growth, with reported revenue on the incline and net losses on the decline. Spire has been making strides to reduce debt levels, decreasing long-term debt from 2021 - 2023. However, spire Global's stock performance has not been impressive since its initial public offering in August 2021. The company's stock price significantly jumped when Spire acquired exactEarth. Shortly after the acquisition, the stock fell below its IPO price of around $10 per share. Since that tumble, Spire Global has traded between approximately $2.40 and $0.85 a share. Spire Global's current valuation metrics compare favorably to its industry peers,  suggesting that Spire may be undervalued relative to its peers, indicating potential upside for investors.

Spire Global operates in the space technology industry, which is rapidly growing and evolving. The global space industry is expected to reach $1 trillion by 2040, driven by increased demand for satellite-based communications, navigation and observation services. Spire's main competitors include established players such as Airbus, Boeing and Lockheed Martin and newer entrants such as Planet Labs and Capella Space.

One of the most significant regulatory issues facing the space industry is the increasing amount of space debris in Earth's orbit. Spire and other companies in the industry are working on solutions to this problem, such as developing satellites that can be deorbited at the end of their useful life and working with governments and international organizations to establish guidelines for responsible space behavior.

Another potential challenge for Spire and the broader space technology industry is the increasing competition from new market players. While Spire has established itself as a leader in the field, new companies with innovative technologies and business models are constantly emerging, which could disrupt Spire's market position.

Spire Global has several potential growth opportunities in the space technology industry. One of the company's key growth drivers is its expansion into new markets, such as the Internet of Things (IoT) and 5G wireless networks. For example, spire's satellite-based IoT services allow customers to track and monitor assets in remote locations. In contrast, its 5G network infrastructure monitoring services help mobile network operators optimize their networks for maximum efficiency.

Spire also invests in new product launches and partnerships to expand its offerings. For example, in 2022, Spire announced a partnership with Amazon Web Services (AWS) to provide customers with access to its satellite data and analytics through the AWS Ground Station platform. The company is also developing new sensors and analytics tools to serve its existing customers better and expand into new markets.

As with any company in a rapidly evolving industry, Spire Global faces several risks and challenges. One of the biggest challenges is constantly innovating and developing new products and services to stay ahead of competitors. In addition, the space technology industry is also subject to regulatory and political risks as governments worldwide seek to regulate and control access to space-based resources.

Another potential risk is the impact of climate change on Spire's weather-related services. For example, climate change is leading to more extreme weather events, which can disrupt Spire's ability to collect and analyze data. The company is developing new technologies and partnerships to mitigate these risks, but they threaten Spire's growth.

Spire Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
48th Percentile Overall Score

SPIR MarketRank™: 

Spire Global scored higher than 48% of companies evaluated by MarketBeat, and ranked 36th out of 52 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Spire Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Spire Global has only been the subject of 4 research reports in the past 90 days.

  • Read more about Spire Global's stock forecast and price target.
  • Earnings Growth

    Earnings for Spire Global are expected to grow in the coming year, from ($1.69) to $0.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Spire Global is -3.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Spire Global is -3.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Spire Global has a P/B Ratio of 4.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    11.14% of the float of Spire Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Spire Global has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Spire Global has recently decreased by 10.43%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Spire Global does not currently pay a dividend.

  • Dividend Growth

    Spire Global does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    11.14% of the float of Spire Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Spire Global has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Spire Global has recently decreased by 10.43%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Spire Global has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Spire Global this week, compared to 8 articles on an average week.
  • Search Interest

    8 people have searched for SPIR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Spire Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Spire Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,380,714.00 in company stock.

  • Percentage Held by Insiders

    17.11% of the stock of Spire Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 19.97% of the stock of Spire Global is held by institutions.

  • Read more about Spire Global's insider trading history.
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SPIR Stock News Headlines

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SPIR Stock Analysis - Frequently Asked Questions

Spire Global's stock was trading at $7.82 at the start of the year. Since then, SPIR stock has increased by 73.1% and is now trading at $13.54.
View the best growth stocks for 2024 here
.

Spire Global shares reverse split before market open on Thursday, August 31st 2023. The 1-8 reverse split was announced on Thursday, August 31st 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, August 31st 2023. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Spire Global's top institutional investors include Geode Capital Management LLC (2.08%), State Street Corp (1.76%), Stifel Financial Corp (1.00%) and Charles Schwab Investment Management Inc. (0.29%). Insiders that own company stock include Peter Platzer, Theresa Condor, Boyd C Johnson, Leonardo Basola and Thomas Krywe.
View institutional ownership trends
.

Shares of SPIR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Spire Global investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), Alphabet (GOOG) and JPMorgan Chase & Co. (JPM).

Company Calendar

Today
12/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Communication services, not elsewhere classified
Sub-Industry
Communication
Fax
N/A
Employees
370
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.60
High Stock Price Target
$24.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+44.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-63,960,000.00
Pretax Margin
-66.86%

Debt

Sales & Book Value

Annual Sales
$105.70 million
Book Value
$3.38 per share

Miscellaneous

Free Float
20,157,000
Market Cap
$329.29 million
Optionable
Optionable
Beta
2.22

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This page (NYSE:SPIR) was last updated on 12/18/2024 by MarketBeat.com Staff
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