Spire Global Inc’s Banking’s 100-Day Moving Average at 10.13: Will the Stock Break Through?

The market performance of Spire Global Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $19.40 on 03/19/24, with the lowest value for the same timeframe being $2.80, recorded on 06/23/23.

52-week price history of SPIR Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Spire Global Inc’s current trading price is -41.55% away from its 52-week high, while its distance from the 52-week low is 305.00%. The stock’s price range during this period has fluctuated between $2.80 and $19.40. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 0.59 million for the day, which was evidently higher than the average daily volume of 0.56 million over the last three months.

Financial Performance and Market Capitalization

Spire Global Inc (SPIR) has experienced a quarterly rise of 0.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 275.79M and boasts a workforce of 416 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 10.13, with a change in price of +4.28. Similarly, Spire Global Inc recorded 406,248 in trading volume during the last 100 days, posting a change of +60.62%.

SPIR Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SPIR stands at 1.85. Similarly, the long-term debt-to-equity ratio is also 1.80.

SPIR Stock Stochastic Average

Spire Global Inc’s raw stochastic average for the past 50 days is currently at 18.83%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 66.08%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 78.21% and 80.19%, respectively.

SPIR Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 45.01%.However, over the last six months, we can see a weaker performance of 141.79%. Over the last 30 days, the price of SPIR has fallen by 7.18%. And in the last five days, it has surged by 5.10%.

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