Spotify Technology S.A [NYSE: SPOT] surged by $9.2 during the normal trading session on while it closed the day at $419.39.
Spotify Technology S.A stock has also gained 9.61% of its value over the past 7 days. However, SPOT stock has inclined by 25.43% in the 3 months of the year. Over the past six months meanwhile, it has gained 44.56% and gained 123.19% year-on date.
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The market cap for SPOT stock reached $82.20 billion, with 197.14 million shares outstanding and 141.16 million shares in the current float. Compared to the average trading volume of 1.49M shares, SPOT reached a trading volume of 6317260 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Spotify Technology S.A [SPOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPOT shares is $412.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPOT stock is a recommendation set at 1.54. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Pivotal Research Group have made an estimate for Spotify Technology S.A shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 19, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Neutral. The new note on the price target was released on September 05, 2024, representing the official price target for Spotify Technology S.A stock. Previously, the target price had yet another raise from $320 to $425, while Goldman kept a Buy rating on SPOT stock.
The Average True Range (ATR) for Spotify Technology S.A is set at 9.79, with the Price to Sales ratio for SPOT stock in the period of the last 12 months amounting to 5.25. The Price to Book ratio for the last quarter was 18.45, with the Price to Cash per share for the same quarter was set at 29.52. Price to Free Cash Flow for SPOT in the course of the last twelve months was 58.16 with Quick ratio for the last quarter at 1.56.
SPOT stock trade performance evaluation
Spotify Technology S.A [SPOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.61. With this latest performance, SPOT shares gained by 12.59% in over the last four-week period, additionally plugging by 44.56% over the last 6 months – not to mention a rise of 145.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPOT stock in for the last two-week period is set at 73.76, with the RSI for the last a single of trading hit 78.93, and the three-weeks RSI is set at 70.47 for Spotify Technology S.A [SPOT]. The present Moving Average for the last 50 days of trading for this stock 369.73, while it was recorded at 404.25 for the last single week of trading, and 312.90 for the last 200 days.
Spotify Technology S.A [SPOT]: An insightful look at the core fundamentals
Spotify Technology S.A’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.56 and a Current Ratio set at 1.56.
Earnings per share (EPS) analysis for Spotify Technology S.A [SPOT] stock
With the latest financial reports released by the company, Spotify Technology S.A posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at -0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.6. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Spotify Technology S.A go to 41.00%.
Spotify Technology S.A [SPOT]: Institutional Ownership
The top three institutional holders of SPOT stocks are: BAILLIE GIFFORD & CO with ownership of 16.1 million shares, which is approximately 8.1323%. AUSTIN PRIVATE WEALTH, LLC, holding 12.0 million shares of the stock with an approximate value of $$377.0 in SPOT stocks shares; and AUSTIN PRIVATE WEALTH, LLC, currently with $$2.58 billion in SPOT stock with ownership which is approximately 4.159%.
