Currently, there are 193.29M common shares owned by the public and among those 132.46M shares have been available to trade.
However, the script later moved the day high at 248.67, up 3.88%. The company’s stock has a 5-day price change of 6.57% and 36.44% over the past three months. SPOT shares are trading 23.42% year to date (YTD), with the 12-month market performance up to 91.40% higher. It has a 12-month low price of $114.64 and touched a high of $224.45 over the same period. SPOT has an average intraday trading volume of 1.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.21%, 17.28%, and 40.93% respectively.
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Institutional ownership of Spotify Technology S.A. (NYSE: SPOT) shares accounts for 57.64% of the company’s 193.29M shares outstanding.
It has a market capitalization of $44.05B and a beta (3y monthly) value of 1.61. The earnings-per-share (ttm) stands at -$4.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 2.90% over the month.
Analysts forecast that Spotify Technology S.A. (SPOT) will achieve an EPS of -$0.23 for the current quarter, $0.47 for the next quarter and $2.42 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.78 while analysts give the company a high EPS estimate of $0.67. Comparatively, EPS for the current quarter was -$1.51 a year ago. Earnings per share for the fiscal year are expected to increase by 205.65%, and 51.68% over the next financial year.
Looking at the support for the SPOT, a number of firms have released research notes about the stock. Pivotal Research Group stated their Buy rating for the stock in a research note on Feb-07-24, with the firm’s price target at $265-$330.
