Currently, there are 197.14M common shares owned by the public and among those 141.77M shares have been available to trade.
The company’s stock has a 5-day price change of 5.95% and 41.80% over the past three months. SPOT shares are trading 156.18% year to date (YTD), with the 12-month market performance up to 164.93% higher. It has a 12-month low price of $178.73 and touched a high of $489.69 over the same period. SPOT has an average intraday trading volume of 1.85 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 12.54%, 22.04%, and 48.69% respectively.
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Institutional ownership of Spotify Technology S.A (NYSE: SPOT) shares accounts for 64.15% of the company’s 197.14M shares outstanding.
It has a market capitalization of $95.22B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 130.54, while the earnings-per-share (ttm) stands at $3.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 2.86% over the month.
Earnings per share for the fiscal year are expected to increase by 314.72%, and 55.21% 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 November 13, 2024, with the firm’s price target at $510-$565. Pivotal Research Group coverage for the Spotify Technology S.A (SPOT) stock in a research note released on September 19, 2024 offered a Buy rating with a price target of $510. Cantor Fitzgerald was of a view on September 05, 2024 that the stock is Neutral, while Goldman gave the stock Buy rating on July 24, 2024, issuing a price target of $320- $425. DZ Bank on their part issued Buy rating on July 24, 2024.
