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Spire (SPIR) Soars 5.7%: Is Further Upside Left in the Stock?
SPIRSpire (SPIR) ZACKS·2024-12-23 14:46

Group 1: Spire Global Overview - Spire Global, Inc. (SPIR) shares increased by 5.7% to close at 13.24,supportedbyhightradingvolume,contrastingwitha19.613.24, supported by high trading volume, contrasting with a 19.6% loss over the past four weeks [1] - The consensus EPS estimate for Spire remains unchanged, with expectations of a quarterly loss of 0.10 per share, reflecting an 80.4% year-over-year change, and revenues projected at 31.83million,up16.531.83 million, up 16.5% from the previous year [6][7] Group 2: Industry Context - Spire is part of the Zacks Aerospace - Defense industry, where Northrop Grumman (NOC) also operates, with NOC's stock rising 0.5% to 469.54 but showing a -5.9% return over the past month [4] - Spire Global has received an average rating of "Moderate Buy" from seven research firms, which has likely bolstered investor confidence and contributed to the recent increase in its share price [5]