Spire Global: Strong Buy Once The Financing Closes [Seeking Alpha]
Spire Global, Inc. Class A (SPIR)
US:NASDAQ Investor Relations:
spireenergy.com/investors
Company Research
Source: Seeking Alpha
The financing round will raise approximately $30 million immediately and includes warrants that expire in July 2024, suggesting confidence in the company's future performance. If the company uses the majority of the funds to pay down debt, it will have a positive impact on its financials and improve its balance sheet. When one thinks of a small cap company that delves into the space, data and AI sectors, profits are generally not something that comes to mind. An exception to that rule may be Spire Global, Inc. ( NYSE: SPIR ). The stock has been on an absolute tear, with a chart similar to NVIDIA Corporation ( NVDA ) and all of the other AI hangers-on during the extreme sector bull run over the past several months. It was an announcement of a collaboration with NVDA that took the stock to meme-level oversold territory last week. The company promptly announced a financing at $14.00 , which may have temporarily halted the stock's run. However, I believe that Friday's close at around
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SPIR
News
- RTX (RTX) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Spire Global Schedules First Quarter 2024 Results Conference CallBusiness Wire
- Spire Global, Inc. (NYSE: SPIR) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
- Chip Manufacturing in the Spotlight: TSMC and Intel News [Yahoo! Finance]Yahoo! Finance
- Spire Global bets on AI to help improve weather forecasts, with boost from Nvidia [CNBC]CNBC
SPIR
Earnings
- 3/6/24 - Beat
SPIR
Analyst Actions
- 3/22/24 - Canaccord Genuity
SPIR
Sec Filings
- 4/26/24 - Form EFFECT
- 4/25/24 - Form S-3/A
- 4/23/24 - Form ARS
- SPIR's page on the SEC website