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 $5.01, down 2.53% from the previous day, and has decreased 44.58% in one year. It has underperformed other stocks in the Specialty Business Services industry by 0.42 percentage points. Spire Global stock is currently +78.93% from its 52-week low of $2.80, and -60.36% from its 52-week high of $12.64.
At the moment, there are 22.19M shares of SPIR outstanding. The market cap of SPIR is $111.17M. In the last 24 hours, 55,936 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.
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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.
- Enter your personal info to open your new brokerage account.
- Send your data by hitting the "Create Account" button.
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 1.19x, relative to Specialty Business Services industry P/B ratio of 4.15x
You can access more valuation analysis on SPIR's stock here.
Is SPIR a healthy company?
Passed Health Checks:
- SPIR has $64.23M in cash and short term investments. This is sufficient to cover its annual cash burn of $57.02M.
- There are more short-term assets than short-term liabilities on the SPIR balance sheet.
- SPIR has cash burn of 57024000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the SPIR balance sheet.
- SPIR profit margin has gone down from -67.1% to -78.4% in the past year.
- SPIR has a relatively high debt to equity ratio of 1.87.
Do analysts think it's a good time to buy Spire Global stock
Out of 2 Equities analysts who monitor SPIR, the consensus analyst rating on Spire Global is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SPIR Analyst Forecasts
Ric Prentiss, a bottom 3% analyst from Raymond James maintains SPIR with a buy rating and lowers their SPIR price target from $28.00 to $27.00, on Sep 1, 2023.
Jeffrey Meuler, a top 19% analyst from Baird maintains SPIR with a buy rating and lowers their SPIR price target from $32.00 to $20.00, on May 11, 2023.
You can dig deeper into what analysts are saying on the Spire Global stock forecast page.
SPIR Technicals
SPIR Performance Numbers
Last year, SPIR revenue was $93.46M. Over the past 2 year, SPIR's revenue has gone up by 67.58% per year. This was faster than the Specialty Business Services industry average of 23.5%.
Learn more about SPIR's earnings and revenue performance here.
Are SPIR insiders buying or selling the stock?
Over the last year, executives and large shareholders at SPIR have sold more shares than they have bought.
Theresa Condor, Chief Operating Officer of SPIR, was the latest SPIR insider to sell. They sold $42,800.95 worth of SPIR shares on Aug 20, 2023.
Learn more about who owns SPIR stock here.
Can I rely on SPIR as an income stream?
No, Spire Global doesn't provide an income stream by paying out dividends.
What do other traders have to say 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
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and your broker will place your order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in SPIR
Now that you own some SPIR shares, you'll want to keep up with your new shares.
Start a watchlist to track your SPIR stock.
SPIR Feed
How to Buy Stock in Spire Global
To summarize, here are the 6 steps to buy stock in Spire Global:
- 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 require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Spire Global, create a watchlist today.
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