Spire Global (SPIR) Scheduled to Post Quarterly Earnings on Wednesday

Spire Global (OTCMKTS:SPIRGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 10th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Spire Global has set its FY 2022 guidance at -$0.43–$0.39 EPS and its Q2 2022 guidance at -$0.12–$0.11 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Spire Global (OTCMKTS:SPIRGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The company had revenue of $18.07 million for the quarter, compared to analyst estimates of $17.02 million.

Spire Global Trading Up 4.7 %

Shares of SPIR opened at $1.57 on Wednesday. Spire Global has a one year low of $1.12 and a one year high of $19.50. The company has a 50-day moving average of $1.41 and a two-hundred day moving average of $1.84.

Institutional Investors Weigh In On Spire Global

Institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. raised its position in Spire Global by 127.1% during the first quarter. Advisor Group Holdings Inc. now owns 11,678 shares of the technology company’s stock worth $25,000 after acquiring an additional 6,535 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Spire Global during the first quarter worth $47,000. Cresset Asset Management LLC bought a new stake in Spire Global during the first quarter worth $54,000. Bank of Montreal Can bought a new stake in Spire Global during the first quarter worth $54,000. Finally, Shay Capital LLC bought a new stake in Spire Global during the first quarter worth $61,000. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James began coverage on Spire Global in a research report on Thursday, April 21st. They issued an “outperform” rating and a $4.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.34.

Spire Global Company Profile

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Spire Global, Inc develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc has a strategic partnership with TAC Index Limited. Spire Global, Inc was formerly known as Nanosatisfi, Inc and changed its name to Spire Global, Inc in July 2014.

See Also

Earnings History for Spire Global (OTCMKTS:SPIR)

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