Spire Global (OTCMKTS:SPIR – Get Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -$0.43–$0.39 for the period, compared to the consensus earnings per share estimate of -$0.42. The company issued revenue guidance of $85.00 million-$90.00 million, compared to the consensus revenue estimate of $86.61 million.Spire Global also updated its Q2 2022 guidance to -$0.12–$0.11 EPS.
OTCMKTS:SPIR opened at $1.27 on Wednesday. Spire Global has a fifty-two week low of $1.25 and a fifty-two week high of $19.50. The business’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $2.78.
Spire Global (OTCMKTS:SPIR – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The technology company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. Advisor Group Holdings Inc. lifted its position in shares of Spire Global by 127.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,678 shares of the technology company’s stock worth $25,000 after buying an additional 6,535 shares during the last quarter. Legal & General Group Plc bought a new position in Spire Global in the fourth quarter valued at about $30,000. JPMorgan Chase & Co. raised its position in Spire Global by 13,117.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,217 shares of the technology company’s stock valued at $45,000 after purchasing an additional 13,117 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Spire Global in the first quarter valued at about $47,000. Finally, Cresset Asset Management LLC bought a new position in Spire Global in the first quarter valued at about $54,000. 88.76% of the stock is currently owned by institutional investors.
About Spire Global (Get Rating)
Spire Global, Inc provides space-based data, analytics, and space services worldwide. It offers its customers with access to datasets and insights about earth from the ultimate vantage point. The company provides current and historical data, insights, and predictive analytics for accurate ship monitoring, real-time vessel updates, port operations, and ship safety and route optimization; global satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; and space-based data, artificial intelligence-powered insights, and predictive weather analytics, as well as space-as-a-service solutions.
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