Spire (SPIR) Soars 5.7%: Is Further Upside Left in the Stock?
Spire Global, Inc. (SPIR) shares soared 5.7% in the last trading session to close at $13.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 19.6% loss over the past four weeks.Per a report by MarketBeat, Spire Global’s shares have earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the company. This must have boosted investors’ confidence in SPIR, thereby resulting in the latest uptick in its share price.This company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +80.4%. Revenues are expected to be $31.83 million, up 16.5% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Spire, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SPIR going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Spire is a member of the Zacks Aerospace - Defense industry. One other stock in the same industry, Northrop Grumman (NOC), finished the last trading session 0.5% higher at $469.54. NOC has returned -5.9% over the past month.Northrop Grumman's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $6.24. Compared to the company's year-ago EPS, this represents a change of -0.5%. Northrop Grumman currently boasts a Zacks Rank of #3 (Hold).Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Spire Global, Inc. (SPIR): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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Analysen zu Spire CorpShs
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22.01.2008 | Spire als Depotbeimischung geeignet | Hot Stocks Investor |
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22.01.2008 | Spire als Depotbeimischung geeignet | Hot Stocks Investor |
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