Spire Global shares soar on news of NOAA contract

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Spire Global Intrinsic Value – Spire Global($NYSE:SPIR) shares are up 4.7% premarket on Monday after the firm has been secured a Broad Agency Announcement issued by the National Environmental Satellite, Data, and Information Service of the National Oceanographic and Oceanic Administration to leverage the technology of hyperspectral microwave sensing. The first Spire payload funded by NOAA will demonstrate how hyperspectral microwave sensing technology can improve the value and accuracy of Numerical Weather . This is a significant contract for Spire Global, as it will allow the company to showcase its technology to a key government client. hyperspectral microwave sensing is a cutting-edge technology that has the potential to revolutionize weather forecasting, and this contract could lead to even more business for Spire Global in the future.

Share Price

On Monday, SPIRE Global Inc. shares opened at $1.1 and closed at $1.2, a rise of 7.5% from the prior closing price of $1.1. The surge came on news that the National Oceanic and Atmospheric Administration had awarded the company a contract to provide data that will be used in weather forecasting. The media sentiment towards the company has been mostly positive, with analysts lauding the company for its innovative technology. The NOAA contract is a significant win for SPIRE Global, and investors are betting that it will lead to more business success in the future.

VI Analysis – Spire Global Intrinsic Value

A company’s fundamentals are its long-term potential. The fair value of a company’s stock is its intrinsic value, which is based on its underlying fundamentals. The VI Line app analyzes a company’s fundamentals and calculates its intrinsic value.

The VI Line app shows that the fair value of SPIRE GLOBAL shares is around $10.0. The current price of the stock is $1.2, which means it is undervalued by 88%.

Summary

The shares of Spire Global Inc. soared on the news that the National Oceanic and Atmospheric Administration had awarded the company a contract to provide weather data. The sentiment among analysts and investors is mostly positive, with the stock price moving up the same day. Spire Global is a data and analytics company that specializes in providing data from satellites. The company has a growing portfolio of satellite-based products and services, and the NOAA contract is a major win.