Spire Global (NYSE:SPIR) Releases FY 2024 Earnings Guidance

Spire Global (NYSE:SPIRGet Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -1.110–0.700 for the period, compared to the consensus EPS estimate of -1.500. The company issued revenue guidance of $122.0 million-$132.0 million, compared to the consensus revenue estimate of $141.8 million. Spire Global also updated its Q2 2024 guidance to -0.310–0.150 EPS.

Analyst Ratings Changes

A number of analysts have commented on SPIR shares. Stifel Nicolaus decreased their price objective on Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research note on Thursday. Alliance Global Partners began coverage on shares of Spire Global in a report on Thursday, April 18th. They set a buy rating and a $22.00 price target on the stock. Canaccord Genuity Group reduced their price objective on shares of Spire Global from $24.00 to $20.00 and set a buy rating for the company in a research note on Thursday. Finally, Robert W. Baird lowered their target price on shares of Spire Global from $20.00 to $15.00 and set an outperform rating on the stock in a research note on Thursday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average target price of $17.60.

View Our Latest Analysis on SPIR

Spire Global Stock Performance

Spire Global stock opened at $9.88 on Friday. The company has a market cap of $240.28 million, a PE ratio of -2.84 and a beta of 2.04. Spire Global has a twelve month low of $2.80 and a twelve month high of $19.40. The company has a quick ratio of 1.67, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $11.40 and its 200-day moving average price is $8.87.

Spire Global (NYSE:SPIRGet Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.25. Spire Global had a negative net margin of 66.72% and a negative return on equity of 66.19%. The firm had revenue of $27.73 million during the quarter, compared to analysts’ expectations of $29.23 million. On average, equities research analysts forecast that Spire Global will post -0.88 EPS for the current fiscal year.

Insider Transactions at Spire Global

In related news, COO Theresa Condor sold 5,870 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total value of $66,859.30. Following the completion of the sale, the chief operating officer now owns 235,141 shares in the company, valued at $2,678,255.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Peter Platzer sold 12,534 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.39, for a total value of $142,762.26. Following the completion of the sale, the chief executive officer now owns 1,462,238 shares of the company’s stock, valued at approximately $16,654,890.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Theresa Condor sold 5,870 shares of Spire Global stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.39, for a total transaction of $66,859.30. Following the transaction, the chief operating officer now directly owns 235,141 shares in the company, valued at $2,678,255.99. The disclosure for this sale can be found here. Corporate insiders own 17.11% of the company’s stock.

Spire Global Company Profile

(Get Free Report)

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.

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