How to Buy Spire Global Stock
Spire Global Inc
Spire Global is a specialty business service company located in Virginia, United States, which is part of the Industrials sector, and is traded under the ticker SPIR on the NYSE exchange.
Spire Global stock last closed at $9.74, down 4.51% from the previous day, and has increased 76.26% in one year. It has overperformed other stocks in the Specialty Business Services industry by 0.52 percentage points. Spire Global stock is currently +247.86% from its 52-week low of $2.80, and -49.79% from its 52-week high of $19.40.
At the moment, there are 23.64M shares of SPIR outstanding. The market cap of SPIR is $230.24M. In the last 24 hours, 350,804 SPIR shares were traded.
How to Buy Spire Global Stock
Not sure how to invest in Spire Global stock? Here's how.
- Figure out where to buy Spire Global stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Spire Global stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your information.
- Research Spire Global stock: The Spire Global ticker symbol is SPIR. Is Spire Global stock a good investment? Should you buy shares of SPIR? How do SPIR's underlying business fundamentals look? Do top analysts think Spire Global is a good buy? Why has SPIR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if SPIR is a good stock to buy).
- Execute your SPIR purchase: Decide if you will purchase SPIR shares at the current market price or use a limit order to purchase SPIR stock at a given price.
- Keep an eye on your investment in SPIR: Create a watchlist to keep track of your new investment in Spire Global stock.
Step 1: Figure out where to buy Spire Global stock
You will need a brokerage account to access the NYSE market and buy SPIR shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to invest in SPIR today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on the best app for stock investing, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing funds into your new brokerage account.
Step 4: Research Spire Global stock
After you have figured out the best place to buy Spire Global stock, it's very important to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Spire Global shares quick numbers
Spire Global Zen Score
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on SPIR's stock page.
Is SPIR stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SPIR's intrinsic value.
Using relative valuations ratios:
- SPIR may be undervalued based on its P/B ratio of 3.26x, relative to Specialty Business Services industry P/B ratio of 4.76x
You can access more valuation analysis on SPIR's stock here.
Is SPIR a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the SPIR balance sheet.
Failed Health Checks:
- SPIR has $40.87M in cash and short term investments. This is not sufficient to cover its annual cash burn of $53.66M.
- SPIR has cash burn of 53659000. It does not have sufficient cash and short-term investments to cover this.
- SPIR has a relatively high debt to equity ratio of 2.5.
- SPIR profit margin has gone up by 0.51 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the SPIR balance sheet.
Do analysts think it's a good time to buy Spire Global stock
Out of 3 Equities analysts who monitor SPIR, the consensus analyst rating on Spire Global is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Spire Global stock forecast page.
SPIR Technicals
SPIR Performance Metrics
Last year, SPIR revenue was $105.70M. In the last four year, SPIR's revenue has grown by 54.63% per year. This was faster than the Specialty Business Services industry average of 10.77%.
Dive into SPIR's earnings and revenue performance here.
What are SPIR insiders up to?
Over the past year, executives and large shareholders at SPIR have sold more shares than they have bought.
William Porteous, Director of SPIR, was the latest SPIR insider to buy. They bought $22,863.60 worth of SPIR shares on Apr 1, 2024.
Dig into more about who owns SPIR stock here.
Can I get consistent income from SPIR stock?
No, Spire Global doesn't provide an income stream by paying out dividends.
What others are saying about SPIR
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your SPIR purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you want more help investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in SPIR
Now that you own some shares in SPIR, you'll want to stay up-to-date on your shares.
Start a watchlist to get notified of important updates regarding your SPIR stock.
SPIR Feed
How to Buy Stock in Spire Global
To summarize, here are the 6 steps for buying Spire Global stock:
- Figure out where to buy Spire Global stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Spire Global stock
- Execute your SPIR purchase
- Keep an eye on your investment in SPIR
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Spire Global, get started below.
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