Spotify Technology S.A [NYSE: SPOT] traded at a high on Monday, posting a 1.33 gain after which it closed the day’ session at $481.38.
The results of the trading session contributed to over 27684987 shares changing hands. Over the past one week, the price volatility of Spotify Technology S.A stands at 2.81% while the volatility over the past one month is 2.86%.
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The market cap for SPOT stock reached $95.22 billion, with 197.14 million shares outstanding and 141.77 million shares in the current float. Compared to the average trading volume of 1.85M shares, SPOT reached a trading volume of 27684987 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $489.07 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 1.69. 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 November 13, 2024. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $460 to $510. The new note on the price target was released on September 19, 2024, representing the official price target for Spotify Technology S.A stock. Previously, the target price had yet another raise to $340, while Cantor Fitzgerald analysts kept a Neutral rating on SPOT stock. On July 24, 2024, analysts increased their price target for SPOT shares from 320 to 425.
The Average True Range (ATR) for Spotify Technology S.A is set at 13.49, with the Price to Sales ratio for SPOT stock in the period of the last 12 months amounting to 5.82. The Price to Book ratio for the last quarter was 18.81, with the Price to Cash per share for the same quarter was set at 34.31. Price to Free Cash Flow for SPOT in the course of the last twelve months was 47.87 with Quick ratio for the last quarter at 1.71.
How has SPOT stock performed recently?
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 5.95. With this latest performance, SPOT shares gained by 26.96% in over the last four-week period, additionally plugging by 55.14% over the last 6 months – not to mention a rise of 164.93% 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 76.91, with the RSI for the last a single of trading hit 79.06, and the three-weeks RSI is set at 74.91 for Spotify Technology S.A [SPOT]. The present Moving Average for the last 50 days of trading for this stock 394.44, while it was recorded at 472.19 for the last single week of trading, and 323.74 for the last 200 days.
Spotify Technology S.A [SPOT]: Deeper insight into the fundamentals
Spotify Technology S.A’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.71 and a Current Ratio set at 1.71.
Earnings analysis for Spotify Technology S.A [SPOT]
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 -0.26/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.1. 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.
Insider trade positions for Spotify Technology S.A [SPOT]
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%.
