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Spire Global Inc (SPIR) Stock: A 52-Week Tale of Drops and Gains

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Spire Global Inc’s current trading price is -47.63% away from its 52-week high, while its distance from the 52-week low is 210.51%. The stock’s price range for this time frame has been between $3.27 and $19.40. The trading volume of the company’s shares in the Industrials reached around 0.57 million for the day, which was evidently higher than the average daily volume of 0.45 million over the last three months.

Spire Global Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $19.40 on 03/19/24, with the lowest value being $3.27 on 10/26/23.

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How Financial Performance Impacts Market Capitalization

Spire Global Inc (SPIR) has experienced a quarterly decline of -16.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 247.09M and boasts a workforce of 416 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 11.00, with a change in price of -1.23. Similarly, Spire Global Inc recorded 438,496 in trading volume during the last 100 days, posting a change of -10.80%.

How SPIR’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SPIR stands at 1.53. Similarly, the long-term debt-to-equity ratio is also 1.49.

SPIR Stock Stochastic Average

Spire Global Inc’s raw stochastic average for the past 50 days is currently at 19.55%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 9.25%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.47% and 17.15%, respectively.

SPIR Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. Year to date metric has recorded a gain of 29.92%.However, over the last six months, we can see a stronger performance of -6.53%. Over the last 30 days, the price of SPIR has leaped by -28.05%. And in the last five days, it has surged by 4.10%.

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