NYSE:SPIR

Spire Global (SPIR) Stock Price, News & Analysis

$10.22
-0.07 (-0.68%)
(As of 04/24/2024 ET)
Today's Range
$9.97
$10.50
50-Day Range
$9.79
$17.47
52-Week Range
$2.80
$19.40
Volume
182,451 shs
Average Volume
381,017 shs
Market Capitalization
$248.55 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.25

Spire Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
88.4% Upside
$19.25 Price Target
Short Interest
Bearish
6.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.20mentions of Spire Global in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$209,622 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.88) to $0.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.79 out of 5 stars

Aerospace Sector

31st out of 40 stocks

Communication Services, Not Elsewhere Classified Industry

7th out of 8 stocks

SPIR stock logo

About Spire Global Stock (NYSE:SPIR)

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.

SPIR Stock Price History

SPIR Stock News Headlines

The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
407
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.25
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+88.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-63,960,000.00
Pretax Margin
-60.44%

Debt

Sales & Book Value

Annual Sales
$105.70 million
Book Value
$3.38 per share

Miscellaneous

Free Float
19,348,000
Market Cap
$248.55 million
Optionable
Optionable
Beta
2.04
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Key Executives

  • Mr. Peter Platzer (Age 54)
    Co-Founder, President, CEO & Chairman of the Board
    Comp: $950.03k
  • Ms. Theresa Condor (Age 43)
    COO & Director
    Comp: $711.6k
  • Mr. Leo Basola
    Chief Financial Officer
  • Mr. Johnny Truong
    Chief Technology Officer
  • Mr. Benjamin Hackman
    Head of Investor Relations
  • Mr. Boyd C. Johnson (Age 54)
    Chief Legal Officer
  • Mr. Tim Braswell
    Chief People Officer
  • Mr. Ross Burns
    Global Head of Talent Acquisition
  • Ms. Michelle Nadeau
    Global Head of People Operations
  • Mr. Jon Christensen
    Global Head of People Development

SPIR Stock Analysis - Frequently Asked Questions

Should I buy or sell Spire Global stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spire Global in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPIR shares.
View SPIR analyst ratings
or view top-rated stocks.

What is Spire Global's stock price target for 2024?

3 brokerages have issued 12 month price objectives for Spire Global's stock. Their SPIR share price targets range from $11.00 to $24.00. On average, they expect the company's share price to reach $19.25 in the next year. This suggests a possible upside of 88.4% from the stock's current price.
View analysts price targets for SPIR
or view top-rated stocks among Wall Street analysts.

How have SPIR shares performed in 2024?

Spire Global's stock was trading at $7.82 at the beginning of the year. Since then, SPIR stock has increased by 30.7% and is now trading at $10.22.
View the best growth stocks for 2024 here
.

Are investors shorting Spire Global?

Spire Global saw a increase in short interest in March. As of March 15th, there was short interest totaling 941,500 shares, an increase of 38.7% from the February 29th total of 679,000 shares. Based on an average daily trading volume, of 438,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 6.4% of the company's stock are sold short.
View Spire Global's Short Interest
.

When is Spire Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our SPIR earnings forecast
.

How can I listen to Spire Global's earnings call?

Spire Global will be holding an earnings conference call on Wednesday, May 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Spire Global's earnings last quarter?

Spire Global, Inc. (NYSE:SPIR) released its quarterly earnings results on Wednesday, March, 6th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.77) by $0.25. The business had revenue of $27.73 million for the quarter, compared to analyst estimates of $29.23 million. Spire Global had a negative net margin of 60.51% and a negative trailing twelve-month return on equity of 66.20%.

When did Spire Global's stock split?

Shares of Spire Global reverse split on the morning of 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 closing bell 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.

What guidance has Spire Global issued on next quarter's earnings?

Spire Global issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of -0.360--0.270 for the period, compared to the consensus estimate of -0.590. The company issued revenue guidance of $27.0 million-$29.0 million, compared to the consensus revenue estimate of $32.3 million.

How do I buy shares of Spire Global?

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.

This page (NYSE:SPIR) was last updated on 4/25/2024 by MarketBeat.com Staff

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