Spire stock is falling and rising faster than investors can keep track. That's because SPIR stock is now being manipulated by wannabe traders on Reddit. Skip to content
Full Answer
What happened to Spire Global stock?
Oct 01, 2021 · What happened. For the second time in about a week -- and probably for the same reason as last time -- shares of former SPAC stock and current space stock Spire Global ( SPIR -10.71%) are crashing ...
Should you buy or sell spire stock?
Sep 23, 2021 · 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...
What is the ticker symbol for spire?
Sep 23, 2021 · 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...
Can spire's dividend be sustained?
Oct 02, 2021 · “There’s no way Spire Global stock will fall below $7 a share,” you’ll hear them state emphatically. Well, it certainly can, because Spire Global shares are still fairly rich, at least according to our simple valuation ratio. Market Cap / Annualized Revenues 1,035 / 36.44 = 28
Is Spire stock a good buy?
Is Spire Global stock a buy?
Is SR stock a buy?
Is Spire a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spire in the last year. There are currently 1 sell ratin...
How has Spire's stock been impacted by Coronavirus?
Spire's stock was trading at $73.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO)....
When is Spire's next earnings date?
Spire is scheduled to release its next quarterly earnings announcement on Friday, May 6th 2022. View our earnings forecast for Spire .
How were Spire's earnings last quarter?
Spire Inc. (NYSE:SR) released its quarterly earnings data on Wednesday, February, 2nd. The utilities provider reported $1.14 earnings per share (EP...
How often does Spire pay dividends? What is the dividend yield for Spire?
Spire declared a quarterly dividend on Thursday, February 3rd. Investors of record on Friday, March 11th will be paid a dividend of $0.685 per shar...
Is Spire a good dividend stock?
Spire pays an annual dividend of $2.74 per share and currently has a dividend yield of 4.07%. SR has a dividend yield higher than 75% of all divide...
What guidance has Spire issued on next quarter's earnings?
Spire updated its FY 2022 earnings guidance on Monday, February, 21st. The company provided EPS guidance of $3.700-$4.000 for the period, compared...
What price target have analysts set for SR?
8 equities research analysts have issued 12 month price objectives for Spire's stock. Their forecasts range from $58.00 to $83.00. On average, they...
Who are Spire's key executives?
Spire's management team includes the following people: Ms. Suzanne Sitherwood , Pres, CEO & Director (Age 61, Pay $2.43M) Mr. Steven P. Rasche ,...
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.
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.
About Spire
Spire Inc. operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the following business segments: Gas Utility and Gas Marketing.
Spire (NYSE:SR) Frequently Asked Questions
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spire in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Spire stock.
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.
SR Stock Overview
Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States.
Valuation
Is Spire undervalued compared to its fair value and its price relative to the market?
Future Growth
How is Spire forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Dividend
What is Spire current dividend yield, its reliability and sustainability?
Management
How experienced are the management team and are they aligned to shareholders interests?
Ownership
Who are the major shareholders and have insiders been buying or selling?
