Spire Global: Maritime Business Sale Provides Validation [Seeking Alpha]
Spire Global, Inc. Class A (SPIR)
US:NASDAQ Investor Relations:
spireenergy.com/investors
Company Research
Source: Seeking Alpha
9min Summary Despite facing several headwinds recently, Spire Global, Inc.'s share price has trended higher recently. Some of this is the result of growing enthusiasm for the space sector in general. There also appears to be a growing appreciation of Spire's business. The sale of Spire's maritime business significantly strengthens the company's balance sheet and validates the value of its services. While Spire's margins and growth will take a temporary hit, the company retains its infrastructure and the majority of its customer base. Even with recent share price increases, SPIR's revenue multiple suggests it remains undervalued. FrankRamspott While Spire Global, Inc. NYSE: SPIR ) has faced headwinds recently from accounting and debt covenant issues, a steady flow of deals and the sale of the company's maritime business have driven the stock higher. Revenue will drop sharply as This article was written by Richard Durant 8.05K Follower s Follow Richard Durant
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SPIR
News
- Space stocks saw big gains this week in part due to ‘Trump-Elon trade' rally, analysts say [CNBC]CNBC
- Spire Global, Inc. (NYSE: SPIR) had its price target raised by analysts at Canaccord Genuity Group Inc. from $12.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Spire Global, Inc. (NYSE: SPIR) had its price target raised by analysts at Alliance Global Partners from $17.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Spire Global, Inc. (NYSE: SPIR) had its price target raised by analysts at Robert W. Baird from $9.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Spire Global, Inc. (NYSE: SPIR) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating. They now have a $20.00 price target on the stock, up previously from $8.00.MarketBeat
SPIR
Earnings
- 5/15/24 - Miss
SPIR
Sec Filings
- 11/13/24 - Form 8-K
- 11/8/24 - Form SC
- 11/5/24 - Form 8-K
- SPIR's page on the SEC website