Spotify Technology S.A. (SPOT) concluded trading on Thursday at a closing price of $360.22, with 2.81 million shares of worth about $1.01 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.64% during that period and on September 19, 2024 the price saw a gain of about 4.72%. Currently the company’s common shares owned by public are about 197.14M shares, out of which, 141.17M shares are available for trading.
Stock saw a price change of 6.73% in past 5 days and over the past one month there was a price change of 4.03%. Year-to-date (YTD), SPOT shares are showing a performance of 91.70% which increased to 124.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $145.76 but also hit the highest price of $359.38 during that period. The average intraday trading volume for Spotify Technology S.A. shares is 1.76 million. The stock is currently trading 7.17% above its 20-day simple moving average (SMA20), while that difference is up 9.71% for SMA50 and it goes to 29.91% higher than SMA200.
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Spotify Technology S.A. (NYSE: SPOT) currently have 197.14M outstanding shares and institutions hold larger chunk of about 61.38% of that.
The stock has a current market capitalization of $70.46B and its 3Y-monthly beta is at 1.58. PE ratio of stock for trailing 12 months is 146.69, while it has posted earnings per share of $2.46 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPOT, volatility over the week remained 2.76% while standing at 2.56% over the month.
Stock’s fiscal year EPS is expected to rise by 314.68% while it is estimated to increase by 41.21% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Pivotal Research Group on Sep-20-24 offering a Buy rating for the stock and assigned a target price range of between $460 and $510 to it. Coverage by Cantor Fitzgerald stated Spotify Technology S.A. (SPOT) stock as a Neutral in their note to investors on September 05, 2024, suggesting a price target of $340 for the stock. On July 24, 2024, Goldman Upgrade their recommendations, while on July 24, 2024, DZ Bank Upgrade their ratings for the stock with a price target of $375. Stock get a Buy rating from Pivotal Research Group on July 24, 2024.
