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Investing in Spire Global Inc (SPIR) Is Getting More Attractive

In a filing, Spire Global Inc revealed its CLO, CAO and Corp Sec Johnson Boyd C. unloaded Company’s shares for reported $0.18 million on Nov 21 ’24. In the deal valued at $14.77 per share,12,373 shares were sold. As a result of this transaction, Johnson Boyd C. now holds 311,608 shares worth roughly $4.6 million.

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Then, Condor Theresa sold 17,592 shares, generating $259,781 in total proceeds. Upon selling the shares at $14.77, the Chief Operating Officer now owns 377,152 shares.

Before that, Platzer Peter sold 50,238 shares. Spire Global Inc shares valued at $741,865 were divested by the Chief Executive Officer at a price of $14.77 per share. As a result of the transaction, Platzer Peter now holds 1,891,703 shares, worth roughly $27.94 million.

Craig Hallum upgraded its Spire Global Inc [SPIR] rating to a Buy from a a Hold in a research note published on November 14, 2024; the price target was increased to $20 from $8. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Raymond James revised its rating on August 28, 2024. It rated SPIR as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of SPIR

On Tuesday, Spire Global Inc [NYSE:SPIR] saw its stock fall -5.14% to $14.77. Over the last five days, the stock has lost -11.13%. Spire Global Inc shares have risen nearly 88.87% since the year began. Nevertheless, the stocks have risen 171.01% over the past one year. While a 52-week high of $19.40 was reached on 03/19/24, a 52-week low of $4.71 was recorded on 08/15/24. SMA at 50 days reached $11.33, while 200 days put it at $10.91.

Levels Of Support And Resistance For SPIR Stock

The 24-hour chart illustrates a support level at 14.19, which if violated will result in even more drops to 13.62. On the upside, there is a resistance level at 15.40. A further resistance level may holdings at 16.04. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.61%. Stochastics %K at 72.74% indicates the stock is a holding.

How much short interest is there in Spire Global Inc?

A steep rise in short interest was recorded in Spire Global Inc stocks on 2024-11-15, dropping by -0.89 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.19 million shares. There was a decline of -38.84%, which implies that there is a negative sentiment for the stock.

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