Spirit Technology Solutions (ASX: ST1) is an Australian-based company specializing in managed IT services, telecommunications, and cloud solutions for businesses and government sectors. With a strong focus on digital transformation, the company offers end-to-end solutions tailored to enhance business productivity and connectivity.
Spirit Technology Solutions (ST1) share price forecast will continue to evolve, ST1’s business model positions it to capitalise on increased demand for IT and communication services. However, it operates in a highly competitive market, influencing its stock price volatility and long-term prospects.
Spirit Technology Solutions (ST1) Stock Price – Historical Pricing
| Spirit Technology Solutions (ST1) historical stock price year | Historical Opening Price (AUD) | Historical Closing Price (AUD) |
| Spirit Technology Solutions (ST1) historical stock price in 2019 | 0.2300 | 0.2200 |
| Spirit Technology Solutions (ST1) historical stock price in 2020 | 0.2050 | 0.1800 |
| Spirit Technology Solutions (ST1) historical stock price in 2021 | 0.4000 | 0.3700 |
| Spirit Technology Solutions (ST1) historical stock price in 2022 | 0.2150 | 0.1900 |
| Spirit Technology Solutions (ST1) historical stock price in 2023 | 0.0670 | 0.0650 |
Spirit Technology Solutions (ST1) Stock Historical Pricing in 2020
In 2020, Spirit Technology Solutions (ASX: ST1) experienced significant shifts in its operational and financial performance. The company focused heavily on its B2B (business-to-business) segment, which contributed to 77% of its revenue by the end of the year. This marked an increase driven by IT and managed services, as well as data solutions tailored for businesses. The company’s strategy emphasized bundling managed services with data solutions, enhancing ARPU (average revenue per user) and reducing capital expenditure.
Spirit expanded its high-speed network coverage, notably in Sydney, and launched its digital platform, Spirit X. The platform showed promising results, including an 87% year-over-year increase in new sales as of December 2020. Revenue growth was accompanied by network integration and upgrades to support these expansions.
Spirit Technology Solutions (ST1) Stock Historical Pricing in 2021
In 2021, Spirit Technology Solutions (ST1) experienced notable price fluctuations as the company continued to expand its operations and refine its focus on digital transformation and telecommunications. Key milestones included acquisitions and shifts in leadership that influenced its market performance.
However, the stock also faced volatility as broader market conditions impacted smaller-cap technology stocks.
Spirit Technology Solutions (ST1) Stock Historical Pricing in 2022
In 2022, Spirit Technology Solutions (ASX: ST1) underwent significant restructuring and divestments to focus on core operations. The company sold its fixed wireless infrastructure assets to Maret Infrastructure Pty Ltd for $15 million upfront, with the potential for an additional $6 million in earn-out payments based on revenue targets. This transaction improved Spirit’s balance sheet, reducing net debt to approximately $4 million. Spirit retained its business customer relationships and aimed to cross-sell its broader product portfolio while partnering with Maret to develop new fixed wireless products.
Spirit Technology Solutions (ST1) Stock Historical Pricing in 2023
In 2023, Spirit Technology Solutions (ASX: ST1) experienced fluctuations in its stock price, reflecting the company’s ongoing financial challenges and strategic changes. The stock traded between AUD 0.05 and AUD 0.07 for most of the year, with periods of higher volatility influenced by financial reports and market sentiment.
The stock price showed a minor recovery mid-year but remained under pressure due to concerns about the company’s financial health and debt levels.
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Spirit Technology Solutions (ST1) share price forecast from 2024 to 2045
| Spirit Technology Solutions (ST1) share price forecast | Prediction Price (AUD) |
| Spirit Technology Solutions (ST1) share price forecast for 2024 | 0.0560 |
| Spirit Technology Solutions (ST1) share price forecast for 2025 | 0.0560 |
| Spirit Technology Solutions (ST1) share price forecast for 2026 | 0.0570 |
| Spirit Technology Solutions (ST1) share price forecast for 2027 | 0.0577 |
| Spirit Technology Solutions (ST1) share price forecast for 2028 | 0.0580 |
| Spirit Technology Solutions (ST1) share price forecast for 2029 | 0.0595 |
| Spirit Technology Solutions (ST1) share price forecast for 2030 | 0.059 |
| Spirit Technology Solutions (ST1) share price forecast for 2035 | 0.147 |
| Spirit Technology Solutions (ST1) share price forecast for 2040 | 0.2 |
| Spirit Technology Solutions (ST1) share price forecast for 2045 | 0.3 |
Spirit Technology Solutions (ST1) share price forecast 2024
The Spirit Technology Solutions (ST1) share price forecast for 2024 is going to be around AUD 0.056. So far this year, the company has recorded its yearly high of 0.0720 AUD in September 2024.
| Month | Share price in AUD |
| January | 0.0720 |
| February | 0.0540 |
| March | 0.0500 |
| April | 0.0490 |
| May | 0.0490 |
| June | 0.0420 |
| July | 0.0430 |
| August | 0.0605 |
| September | 0.0610 |
| October | 0.0560 |
| November | 0.0580 |
| December | 0.0560 |
Spirit Technology Solutions (ST1) share price forecast 2025
The average price of Spirit Technology Solutions (ST1) stock for 2025 will be AUD 0.0562, with a high forecast of AUD 0.0565, and a lower forecast of AUD 0.0555.
| Month | Share price in AUD |
| January | 0.0560 |
| February | 0.0561 |
| March | 0.0560 |
| April | 0.0555 |
| May | 0.0565 |
| June | 0.0560 |
| July | 0.0565 |
| August | 0.0563 |
| September | 0.0565 |
| October | 0.0564 |
| November | 0.0560 |
| December | 0.0565 |
Spirit Technology Solutions (ST1) share price forecast 2026
The average price of Spirit Technology Solutions (ST1) stock for 2026 will be AUD 0.0568, with a high forecast of AUD 0.0575, and a lower forecast of AUD 0.0560.
| Month | Share price in AUD |
| January | 0.0566 |
| February | 0.0565 |
| March | 0.0560 |
| April | 0.0567 |
| May | 0.0570 |
| June | 0.0568 |
| July | 0.0570 |
| August | 0.0565 |
| September | 0.0570 |
| October | 0.0575 |
| November | 0.0570 |
| December | 0.0565 |
Spirit Technology Solutions (ST1) share price forecast 2027
The average price of the stock of Spirit Technology Solutions (ST1) for 2027 will be AUD 0.0575, with a high forecast of AUD 0.0580, and a lower forecast of AUD 0.0570.
| Month | Share price in AUD |
| January | 0.0570 |
| February | 0.0575 |
| March | 0.0572 |
| April | 0.0580 |
| May | 0.0573 |
| June | 0.0574 |
| July | 0.0574 |
| August | 0.0575 |
| September | 0.0575 |
| October | 0.0580 |
| November | 0.0576 |
| December | 0.0577 |
Spirit Technology Solutions (ST1) share price forecast 2028
The average price of Spirit Technology Solutions (ST1) stock for 2028 will be AUD 0.0580, with a high forecast of AUD 0.0585, and a lower forecast of AUD 0.0577.
| Month | Share price in AUD |
| January | 0.0577 |
| February | 0.0578 |
| March | 0.0580 |
| April | 0.0575 |
| May | 0.0579 |
| June | 0.0580 |
| July | 0.0585 |
| August | 0.0581 |
| September | 0.0580 |
| October | 0.0582 |
| November | 0.0585 |
| December | 0.0583 |
Spirit Technology Solutions (ST1) share price forecast 2029
The average price of Spirit Technology Solutions (ST1) stock for 2029 will be AUD 0.0586, with a high forecast of AUD 0.059, and a lower forecast of AUD 0.0580.
| Month | Share price in AUD |
| January | 0.0584 |
| February | 0.0585 |
| March | 0.058 |
| April | 0.058 |
| May | 0.058 |
| June | 0.058 |
| July | 0.058 |
| August | 0.058 |
| September | 0.059 |
| October | 0.058 |
| November | 0.059 |
| December | 0.059 |
Spirit Technology Solutions (ST1) share price forecast 2030
The average price of Spirit Technology Solutions (ST1) stock for 2030 will be AUD 0.194, with a high forecast of AUD 0.198, and a lower forecast of AUD 0.191.
| Month | Share price in AUD |
| January | 0.191 |
| February | 0.191 |
| March | 0.192 |
| April | 0.193 |
| May | 0.193 |
| June | 0.194 |
| July | 0.195 |
| August | 0.195 |
| September | 0.196 |
| October | 0.197 |
| November | 0.197 |
| December | 0.198 |
Spirit Technology Solutions (ST1) share price forecast 2035
The average price of Spirit Technology Solutions (ST1) stock for 2035 will be AUD 0.142, with a high forecast of AUD 0.147, and a lower forecast of AUD 0.137.
| Month | Share price in AUD |
| January | 0.137 |
| February | 0.138 |
| March | 0.138 |
| April | 0.139 |
| May | 0.140 |
| June | 0.141 |
| July | 0.142 |
| August | 0.143 |
| September | 0.144 |
| October | 0.145 |
| November | 0.146 |
| December | 0.147 |
Spirit Technology Solutions (ST1) share price forecast 2040
The average price of Spirit Technology Solutions (ST1) stock for 2040 will be AUD 0.121, with a high forecast of AUD 0.122, and a lower forecast of AUD 0.120.
| Month | Share price in AUD |
| January | 0.1205 |
| February | 0.1207 |
| March | 0.1208 |
| April | 0.1210 |
| May | 0.1211 |
| June | 0.1212 |
| July | 0.1214 |
| August | 0.1215 |
| September | 0.1217 |
| October | 0.1218 |
| November | 0.1220 |
| December | 0.1221 |
Spirit Technology Solutions (ST1) share price forecast 2045
The average price of Spirit Technology Solutions (ST1) stock for 2045 will be AUD 0.13, with a high forecast of AUD 0.13, and a lower forecast of AUD 0.13.
| Month | Share price in AUD |
| January | 0.130 |
| February | 0.131 |
| March | 0.13 |
| April | 0.13 |
| May | 0.13 |
| June | 0.13 |
| July | 0.1 |
| August | 0.13 |
| September | 0.13 |
| October | 0.1 |
| November | 0.1 |
| December | 0.13 |
Spirit Technology Solutions (ST1) Share Price – Technical Analysis:
Chart and trend analysis:
From 2020 to 2023, Spirit Technology Solutions showed notable volatility driven by market conditions, acquisitions, and operational growth strategies.
The stock exhibited an upward trend during early periods of aggressive expansion but faced corrections due to broader market challenges in tech-focused companies. Trading volume spiked during announcements regarding acquisitions and growth strategies but tapered off during periods of uncertainty or limited updates.
Support and resistance analysis:
Spirit Technology Solutions’ price trends indicate sensitivity to operational results, market conditions, and macroeconomic factors. Investors should closely watch its earnings reports, updates on acquisitions, and broader market sentiment to gauge future price movements. A focus on improving financial health and leveraging its tech infrastructure could boost the stock’s performance in the coming years.
Spirit Technology Solutions (ST1) Share Price– Fundamental Analysis:
Company financial overview:
Company market cap: 105.865M
Debt: 60.54M
EPS: -0.00
Company performance:
The company pursued aggressive acquisition strategies in 2020 and 2021, adding complementary businesses to expand its service offerings. These moves initially boosted market presence and revenues but strained financial resources over time. While Spirit faces short-term operational and financial challenges, its focus on managed IT services and a strong client base provides opportunities for recovery. Successful execution of its restructuring and cost-reduction strategies will be critical for long-term growth.
Disclaimer:
The Share Price estimates presented are speculative and meant solely for informational purposes. They are not financial advice. The author and blog disclaim responsibility for any financial losses. Please consult a qualified advisor before making investment choices.
Spirit Technology Solutions (ST1) share price forecast: FAQs
What are the Spirit Technology Solutions (ST1) recent major developments? What are the key risks associated with investing in Spirit Technology Solutions (ST1) share?
Spirit Technology Solutions has made several key announcements recently, including successful capital raisings, acquisitions like the purchase of Forensic IT Solutions, and significant changes in its leadership structure. Investors should be aware of the company’s debt levels, which could present risks in terms of financial stability. Additionally, while the company has seen growth, it has not yet consistently posted profits
Hello, I’m Bianca Paterson, a seasoned financial professional based in Sydney, Australia. With over 25 years of experience at ASX and an extensive background in share price predictions and market factors, I’ve cultivated a deep understanding of the dynamics that drive the financial markets.
I embarked on my journey with the ASX Graduate Program and have since dedicated my career to navigating the complexities of the share market. My insights are shaped by decades of hands-on experience, making me well-versed in the subtleties of market trends and investment strategies.
Through my blog, I aim to share my knowledge and offer valuable perspectives to fellow investors and market enthusiasts. Whether you’re a seasoned trader or just starting out, I hope my analysis and commentary will help you make informed decisions and better understand the ever-evolving landscape of the Australian stock market.