Currently, there are 197.14M common shares owned by the public and among those 141.16M shares have been available to trade.
The company’s stock has a 5-day price change of 9.61% and 25.43% over the past three months. SPOT shares are trading 123.19% year to date (YTD), with the 12-month market performance up to 145.29% higher. It has a 12-month low price of $169.02 and touched a high of $412.95 over the same period. SPOT has an average intraday trading volume of 1.49 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 8.32%, 13.43%, and 34.03% respectively.
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Institutional ownership of Spotify Technology S.A (NYSE: SPOT) shares accounts for 61.68% of the company’s 197.14M shares outstanding.
It has a market capitalization of $82.20B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 170.79, while the earnings-per-share (ttm) stands at $2.46. The company has a PEG of 4.17 and a Quick Ratio of 1.56 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.74% over the week and 2.41% over the month.
Earnings per share for the fiscal year are expected to increase by 319.39%, and 43.45% over the next financial year. EPS should grow at an annualized rate of 41.00% over the next five years, compared to -41.57% over the past 5-year period.
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 September 19, 2024, with the firm’s price target at $460-$510. Cantor Fitzgerald coverage for the Spotify Technology S.A (SPOT) stock in a research note released on September 05, 2024 offered a Neutral rating with a price target of $340. Goldman was of a view on July 24, 2024 that the stock is Buy, while DZ Bank gave the stock Buy rating on July 24, 2024, issuing a price target of $375. Pivotal Research Group on their part issued Buy rating on July 24, 2024.
