Spire Global, Inc. (SPIR) stock was lower after the provider of space-based data, analytics and space services announced it reached a definitive agreement to acquire exactEarth (TSX: XCT). The deal is for $161.2 million (CAD$204.2 million) in cash and stock, implying an approximately 9.1x exactEarth’s Enterprise Value to LTM revenue.
Full Answer
What happened to Spire Global stock?
The Spire Global, Inc. stock price fell by -3.08% on the last day (Monday, 11th Apr 2022) from $1.95 to $1.89. and has now fallen 5 days in a row. During the day the stock fluctuated 7.14% from a day low at $1.82 to a day high of $1.95.
Should you buy or sell spire stock?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spire in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Spire stock.
What is the ticker symbol for spire?
Spire trades on the New York Stock Exchange (NYSE) under the ticker symbol "SR." Who are Spire's major shareholders? Spire's stock is owned by a variety of retail and institutional investors.
Is Spire Global (SPR) down 5 days in a row?
The Spire Global, Inc. stock price fell by -3.08% on the last day (Monday, 11th Apr 2022) from $1.95 to $1.89. and has now fallen 5 days in a row. During the day the stock fluctuated 7.14% from a day low at $1.82 to a day high of $1.95. The price has fallen in 6 of the last 10 days and is down by -5.5% for this period.
Is Spire Global stock a good buy?
Out of 6 analysts, 1 (16.67%) are recommending SPIR as a Strong Buy, 3 (50%) are recommending SPIR as a Buy, 1 (16.67%) are recommending SPIR as a Hold, 1 (16.67%) are recommending SPIR as a Sell, and 0 (0%) are recommending SPIR as a Strong Sell.
Will Spire Global stock go up?
The 7 analysts offering 12-month price forecasts for Spire Global Inc have a median target of 4.00, with a high estimate of 6.00 and a low estimate of 0.70. The median estimate represents a +166.67% increase from the last price of 1.50.
Is Spire Global profitable?
The sad truth is that Spire is still a ways away from earning a profit, as the Q1 report makes clear. Spire reported $18.2 million in GAAP losses in Q1. Annualized, this suggests losses for the full year could approach $73 million.
Who owns Spire Global?
It has launched more than 140 satellites to orbit since its creation....Spire Global.TypePublicFounded2012FounderPeter Platzer, Joel Spark, Jeroen CappaertHeadquartersSan Francisco, California , U.S.Number of locations8 (2022)10 more rows
Is Spire a Fortune 500 company?
Spire | 2022 Fortune 500 | Fortune.
How big of a company is Spire?
About Spire Today Spire is a growing, financially strong natural gas company with five gas utilities, serving 1.7 million homes and businesses across Alabama, Mississippi and Missouri, making us the 5th largest publicly traded natural gas company.
Is Spire publicly traded?
Satellite company Spire begins trading on the NYSE after completing SPAC merger. Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to close a SPAC merger and go public.
Is SPIR a SPAC?
Spire Global (SPIR) is a global provider of space-based data, analytics, and space services, and it recently completed a SPAC merger with Navsight Holdings. Spire Global debuted on the NYSE today.
What happened
Shares of space stock Spire Global ( SPIR -6.08% ), which surged a combined 42.5 percentage points over the past two trading days, were down 22.2% in 11:15 a.m. EDT trading today.
So what
Spire's shares took off primarily in response to news that the company is partnering with Internet of Things satellite company Myriota, in which Spire is also taking a minority interest by virtue of its acquisition of Canadian space company exactEarth, announced last week.
Now what
While Spire's Myriota deal sounded good at first, the news is now sinking in after a week. The company never did tell investors precisely how good this collaboration is in terms of additional revenue, or profit, for Spire's business.
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What happened
Shares of space stock Spire Global (NYSE: SPIR), which surged a combined 42.5 percentage points over the past two trading days, were down 22.2% in 11:15 a.m. EDT trading today.
So what
Spire's shares took off primarily in response to news that the company is partnering with Internet of Things satellite company Myriota, in which Spire is also taking a minority interest by virtue of its acquisition of Canadian space company exactEarth, announced last week.
Now what
While Spire's Myriota deal sounded good at first, the news is now sinking in after a week. The company never did tell investors precisely how good this collaboration is in terms of additional revenue, or profit, for Spire's business.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spire Global, Inc.
Support, Risk & Stop-loss
Spire Global, Inc. finds support from accumulated volume at $2.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Spire Global, Inc. stock A Buy?
Spire Global, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are positive buying more shares than they are selling in Spire Global, Inc
In the last 40 trades there were 31.06 million shares bought and 15.61 million shares sold. The last trade was done 17 days ago by Condor Theresa who bough 1.08 million shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
A Short Fling With SPIR
Our tech stock catalog contains 351 stocks. Almost 18% (63) are s pecial p urpose a cquisition c ompanies ( SPAC s), one of which is Spire Global. It’s a stock we first wrote about in our piece titled Spire Global Stock Offers NanoSatellite Pure Play, and shortly afterwards, we bought some shares.
WFT is Happening to Spire Stock?
Imagine you bought shares of Spire Global the day their merger completed at $10 a share. They traded around that price for any number of days following the merger, so let’s assume you backed up the truck. And as you well know, once you buy a stock, you’re always watching the price to validate your decision.
How Low Can SPIR Stock Go?
For some reason, every investor out there has that moment where they think a stock won’t breach some arbitrary stock price target. “There’s no way Spire Global stock will fall below $7 a share,” you’ll hear them state emphatically.
SPACs and Volatility
It seems like every other day we’re finding a new reason to avoid SPACs. A recent article by the Wall Street Journal ( we don’t link to paywalled articles) talks about how SPACs are now the latest target of stock manipulators over on Reddit who are directing their minions to move stocks in the direction that suits them.
Conclusion
Spire Global is one of 63 SPACs we’ve looked at. Like the others, they’ve made lofty promises about future revenue growth. Short-term price volatility does nothing to assure us that the company will hit their revenue targets. Right now, the trend is not our friend.
What is the dividend payout ratio of spire?
Spire does not yet have a strong track record of dividend growth. The dividend payout ratio of Spire is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Spire will have a dividend payout ratio of 58.69% next year.
When is the Spire earnings conference call?
Spire will be holding an earnings conference call on Thursday, August 5th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10157704".
Spire Global Schedules Fourth Quarter and Full Year 2021 Results Conference Call
VIENNA, Va., February 24, 2022--Spire Global, Inc. (NYSE: SPIR) ("Spire" or "the Company"), a leading provider of space-based data, analytics and space services, announced today that it will hold a conference call with investors and analysts on Wednesday, March 9, 2022 at 5:00 p.m. ET (2:00 p.m.
Spire Global Appoints Chuck Cash as Vice President of Federal Sales
VIENNA, Va., February 17, 2022--Spire Global, Inc. (NYSE: SPIR) ("Spire" or "the Company"), a leading global provider of space-based data, analytics, and space services, today announced it has appointed Chuck Cash as Vice President of Federal Sales. Mr.
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