Spotify Technology S.A. (NYSE:SPOT) currently has a daily average trading volume of 1.87M but it saw 1755548 shares traded in last market. With a market cap of 67.23B USD, the company’s current market price of $343.69 came falling about -0.75 while comparing to the previous closing price of $346.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $359.38 and as low as $130.00. In the recent trading on the day, stock has struck highest price mark of $343.305 while lowest mark touched by it was $347.37.
Taking a look at 20-day trading activity of Spotify Technology S.A. (SPOT) gives us an average price of $334.31, while its current price level is -4.36% below from 52-week high level whereas it is 164.38% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $320.12 while that of 200 days or SMA-200 reads an average of $262.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.14% during that period while stretching the period over a month that increases to 3.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.17 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which upgraded the stock as “Buy” in its note to investors issued on July 24, 2024, recommending a price target of between $320 and $425 for it. DZ Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on July 24, 2024 while assigning a price target of $375. Pivotal Research Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $400 and $460.
Over the week, SPOT’s stock price is moving 2.79% up while it is 3.90% when we observe its performance for the past one month. Year-to-date it is 82.90% up and over the past year, the stock is showing an upside performance of 159.41%.
Currently, Spotify Technology S.A.’s total number of outstanding shares is 197.14M with 25.99% of that held by the insiders while 62.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.77% and return on equity (ROE) at 14.82%. It has a price to earnings ratio (P/E ratio) of 139.96 while having a 37.97 of forward P/E ratio. Stock’s beta reads 1.57. Stock has a price to book (P/B) ratio of 15.12 while price to sale or P/S ratio amounts to 4.30. Its return on asset (ROA) is 5.35% on average.
