Currently, there are 197.14M common shares owned by the public and among those 140.21M shares have been available to trade.
The company’s stock has a 5-day price change of 10.82% and 21.51% over the past three months. SPOT shares are trading 76.04% year to date (YTD), with the 12-month market performance up to 92.64% higher. It has a 12-month low price of $129.23 and touched a high of $331.08 over the same period. SPOT has an average intraday trading volume of 1.87 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 7.49%, 7.60%, and 36.25% respectively.
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Institutional ownership of Spotify Technology S.A. (NYSE: SPOT) shares accounts for 59.98% of the company’s 197.14M shares outstanding.
It has a market capitalization of $64.54B and a beta (3y monthly) value of 1.59. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.60% over the week and 3.01% over the month.
Earnings per share for the fiscal year are expected to increase by 281.93%, and 45.19% over the next financial year.
Looking at the support for the SPOT, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 12, 2024, with the firm’s price target at $390. Jefferies coverage for the Spotify Technology S.A. (SPOT) stock in a research note released on July 11, 2024 offered a Buy rating with a price target of $385. Redburn Atlantic was of a view on July 10, 2024 that the stock is Sell, while BofA Securities gave the stock Buy rating on July 02, 2024, issuing a price target of $370- $380. Pivotal Research Group on their part issued Buy rating on April 23, 2024.
