Spire Inc. (SR): Market is showing a Red signal


Spire Inc. (NYSE:SR) changes shares on Tuesday trading session, with a change of -0.02% or -$0.01 shares. The trading starts at $61.86 and closed at $62.04 throughout the day. The trading session low price was $61.20 and day high was $62.68 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 0.33 million while its average volume is 323.81K. In other hand, the SR market cap reached to $3.24B. While, its current target price is $70.63.

On May 8, 2018, BRIEF-Spire Prices Public Offering Of 2 Mln Shares At $68.75 Per Share. According to the news reported on Reuters, * ANNOUNCED THAT IT HAS PRICED A PUBLIC OFFERING OF 2 MILLION SHARES OF ITS COMMON STOCK AT $68.75 PER SHARE Source text for Eikon: Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.74% and down -7.51% for month. Its quarterly performance was -14.52% below, while its half year performance is down -26.85%. SR yearly performance stood at negative -22.42% and fall -25.54% for year-to-date. Current recommendation for Spire Inc. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SR EPS (TTM) for 12-month is 2.94. EPS for this year is 13.00%, while for the next year its value is 4.06. Sales growth for the current quarter is 4.51 while its EPS Q/Q reached -16.40%. It has an EPS of 8.40% up for past five years and for the next five years will be up 4.67%.

On the other hand, target price ranges from $66.00 – $74.00. Average target price for SR was reached at $70.44.

The insider ownership moved to 0.30% and institutional holding shifted to 83.70%.

The company posted an EPS (TTM) of 2.94. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of 0.09, while 0.07 EPS posted a year ago period. Analyst Estimated EPS for SR published in the report was $0.02 – $0.19 during the same period. Comparing with last year, the average estimated EPS was 0.07 which is lower than 2.75 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SR fall -18.18% for period of 200 days. SMA for 50 days was -7.70% which is showing red signal, while SMA-20 was -3.11%. The moving average value for Spire Inc. (SR) is 73.09 and 64.71 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SR stock. On Mar 12, Woodard Adam W., Treasurer, bought 1,400 trading shares at the cost of $64.56, which valued at 90379.0. On Mar 10, Woodard Adam W., Treasurer, bought 1,400 shares at the cost of $73.23, with total shares of 1,400. On Feb 28, Rasche Steven P, Executive Vice President, bought 2,000 shares at the cost of 26.24. After this transaction, Rasche Steven P total shares reached to 7,797 which valued at 52480.0.