Spire Global Stock Price on February 26, 2024
| SPIR Stock | USD 10.72 0.48 4.69% |
If you're considering investing in Spire Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spire Global stands at 10.72, as last reported on the 5th of May, with the highest price reaching 10.95 and the lowest price hitting 10.53 during the day. Spire Global appears to be relatively risky, given 3 months investment horizon. Spire Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. By inspecting Spire Global's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Spire Global's Risk Adjusted Performance of 0.0816, coefficient of variation of 872.73, and Semi Deviation of 7.14 to confirm if our risk estimates are consistent with your expectations.
As of 05/05/2024, Total Stockholder Equity is likely to drop to about 66.5 M. In addition to that, Common Stock Shares Outstanding is likely to drop to about 10.6 M. At this time, Spire Global's Price Book Value Ratio is relatively stable compared to the past year. As of 05/05/2024, Price Earnings To Growth Ratio is likely to grow to 0.09, while Price Earnings Ratio is likely to drop (2.51). Spire Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Spire |
Sharpe Ratio = 0.1158
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SPIR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.05 actual daily | 71 71% of assets are less volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Spire Global is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spire Global by adding it to a well-diversified portfolio.
Price Book 3.7609 | Enterprise Value Ebitda (14.99) | Price Sales 2.5097 | Shares Float 19.5 M | Wall Street Target Price 20.8 |
Related Headline
Performant Financial Headline on 26th of February 2024
Filed transaction by Performant Financial Corp director. Acquisition or disposition under rule 16b-3
Spire Global Valuation on February 26, 2024
It is possible to determine the worth of Spire Global on a given historical date. On February 26, 2024 Spire was worth 10.79 at the beginning of the trading date compared to the closed value of 11.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spire Global stock. Still, in general, we apply an absolute valuation method to find Spire Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spire Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spire Global's related companies.
| Open | High | Low | Close | Volume | |
| 10.80 | 10.99 | 10.70 | 10.85 | 112,546 | |
02/26/2024 | 10.79 | 11.39 | 10.77 | 11.31 | 129,608 |
| 11.50 | 12.16 | 11.11 | 12.06 | 176,397 |
| Backtest Spire Global | | | Spire Global History | | | Spire Global Valuation | Previous | Next |
Spire Global Trading Date Momentum on February 26, 2024
| On February 27 2024 Spire Global was traded for 12.06 at the closing time. The top price for the day was 12.16 and the lowest listed price was 11.11 . The trading volume for the day was 176.4 K. The trading history from February 27, 2024 was a factor to the next trading day price gain. The trading price change against the next closing price was 6.63% . The trading price change against the current closing price is 10.52% . |
Spire Global Fundamentals Correlations and Trends
By evaluating Spire Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spire Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spire financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spire Global Stock history
Spire Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spire Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spire Global stock prices may prove useful in developing a viable investing in Spire Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 19.6 M | 10.6 M | |
| Net Loss | -80.5 M | -76.4 M |
Spire Global Quarterly Net Working Capital |
|
Spire Global Stock Technical Analysis
Spire Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Spire Global Period Price Range
Low | February 26, 2024
| High |
10.79 | 11.31 |
Spire Global May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Spire Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spire Global shares will generate the highest return on investment. By undertsting and applying Spire Global stock market strength indicators, traders can identify Spire Global entry and exit signals to maximize returns
Spire Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spire Global's price direction in advance. Along with the technical and fundamental analysis of Spire Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spire to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0816 | |||
| Jensen Alpha | 0.8862 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | 2.99 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Spire Stock analysis
When running Spire Global's price analysis, check to measure Spire Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spire Global is operating at the current time. Most of Spire Global's value examination focuses on studying past and present price action to predict the probability of Spire Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire Global's price. Additionally, you may evaluate how the addition of Spire Global to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
Is Spire Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spire Global. If investors know Spire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spire Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.27) | Revenue Per Share 5.399 | Quarterly Revenue Growth 0.239 | Return On Assets (0.11) | Return On Equity (0.71) |
The market value of Spire Global is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire Global's value that differs from its market value or its book value, called intrinsic value, which is Spire Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spire Global's market value can be influenced by many factors that don't directly affect Spire Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spire Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spire Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.