Stocks ticked slightly higher in early trading after the worst day for the S&P 500 since October 2020 as tensions ran high about slowing economic growth and surging oil prices amid intensifying geopolitical pressure.
“There seems to be no evidence of improvements in Ukraine, and the rhetoric out of DC continues to get more hawkish,” said Cliff Hodge, chief investment officer at Cornerstone Wealth. “While it’s impossible to know where the ultimate bottom may be, from a risk-reward standpoint, the market looks very reasonable.”
Special purpose acquisition companies, in general, had a weak performance in 2021. Today we’re featuring one of the companies that stumbled out of the gate but has potential so vast, it should not be ignored. With an industry-wide acceleration likely this year and several other tailwinds forming, this is one stock to watch ahead of its earnings call later this week.
Leading global provider of space-based data, analytics and services, Spire Global Inc. (SPIR), had been in business for nine years before the company went public via SPAC merger in 2021. After stumbling out of the gate and lowering guidance in its first quarter, the stock has fallen 85%, creating a possible buying opportunity for anyone looking to get in on a pure-play space company at a low price.
The space industry is still in its early stages of development, making space investing speculative and risky. As a pioneer, by the time SPIR made its way to the New York Stock Exchange, its global satellite infrastructure had been fully deployed for some time – and operating at a very high scale.
The company has more than 110 satellites currently in orbit, collecting powerful insights about Earth and sending them to Spire’s 72 antennas at ground stations in 16 countries. Terabytes of data are then processed and shipped to hundreds of customers worldwide, giving commercial and government organizations the competitive advantage they seek with insights from space. Spire’s subscription-based business model provides predictable income for the monetization of that data, where an annual subscription can cost anywhere between tens of thousands of dollars to the very high millions.
Spire notably booked $36 million in revenue in 2020 and expects to nearly double that to $70 million in 2021. By 2025 the company expects to expand its customer base and reach $1.2 billion in revenue, which is forecast in its investor presentation.
Investors will be watching to find out how closely the company is following its trajectory path when fourth quarter and fiscal year 2021 financial results are released on Wednesday after the close.
Should you invest in Spire right now?
Before you consider buying Spire, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Spire.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
