Spire Global Inc Inc. (SPIR) Price Performance: The Role of Supply and Demand

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 33.50% this year. Over the last six months, there has been a weaker performance of 117.14%. The price of SPIR fallen by 47.88% during the last 30 days period. For the last 5-days stocks have improved 48.72%.

Spire Global Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $9.24 on 02/09/24, and the lowest price during the same period was recorded at $2.80 on 06/23/23.

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52-week price history of SPIR Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Spire Global Inc’s current trading price is 12.99% away from its 52-week high, while its distance from the 52-week low is 272.86%. The stock’s price range for this period has been between $2.80 and $9.24. The Industrials sector company’s shares saw a trading volume of about 122.53 for the day, which was higher than the average daily volume of 5.69 over the last three months.

The Connection Between Financial Performance and Market Capitalization

Spire Global Inc (SPIR) has experienced a quarterly rise of 123.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 217.67M.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 5.71, with a change in price of +5.12. Similarly, Spire Global Inc recorded 117,841 in trading volume during the last 100 days, posting a change of +96.24%.

SPIR’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for SPIR stands at 1.72. Similarly, the long-term debt-to-equity ratio is also 1.69.

SPIR Stock Stochastic Average

As of today, the raw stochastic average of Spire Global Inc over the last 50 days is at 100.00%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 100.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.34% and 84.38%, respectively.

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