Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Spotify Technology S.A.’s stock clocked out at $272.24, down -1.30% from its previous closing price of $275.83. In other words, the price has decreased by $-1.30 from its previous closing price. On the day, 5.59 million shares were traded. SPOT stock price reached its highest trading level at $280.97 during the session, while it also had its lowest trading level at $267.76.
Ratios:
To gain a deeper understanding of SPOT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on April 08, 2024, Reiterated its Overweight rating but revised its target price to $320 from $280 previously.
On April 05, 2024, Pivotal Research Group reiterated its Buy rating and also lowered its target price recommendation from $330 to $390.
On March 27, 2024, HSBC Securities started tracking the stock assigning a Buy rating and target price of $310.HSBC Securities initiated its Buy rating on March 27, 2024, with a $310 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPOT now has a Market Capitalization of 53992542208 and an Enterprise Value of 51458314240. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 19.26. Its current Enterprise Value per Revenue stands at 3.885 whereas that against EBITDA is 5145.832.
Stock Price History:
The Beta on a monthly basis for SPOT is 1.61, which has changed by 0.9698987 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, SPOT has reached a high of $313.16, while it has fallen to a 52-week low of $128.67. The 50-Day Moving Average of the stock is 2.22%, while the 200-Day Moving Average is calculated to be 39.62%.
Shares Statistics:
It appears that SPOT traded 2.02M shares on average per day over the past three months and 2345690 shares per day over the past ten days. A total of 197.14M shares are outstanding, with a floating share count of 138.81M. Insiders hold about 28.49% of the company’s shares, while institutions hold 57.51% stake in the company. Shares short for SPOT as of 1711584000 were 1635092 with a Short Ratio of 0.81, compared to 1709164800 on 1596240. Therefore, it implies a Short% of Shares Outstanding of 1635092 and a Short% of Float of 1.34000005.
Earnings Estimates
The current rating of Spotify Technology S.A. (SPOT) reflects the combined expertise of 21 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of $0.7 for the current quarter, with a high estimate of $1.02 and a low estimate of $0.36, while EPS last year was $-1.27. The consensus estimate for the next quarter is $0.81, with high estimates of $1.24 and low estimates of $0.33.
Analysts are recommending an EPS of between $5.74 and $2.7 for the fiscal current year, implying an average EPS of $3.89. EPS for the following year is $5.73, with 23 analysts recommending between $8.03 and $3.73.
Revenue Estimates
In the current quarter, 22 analysts expect revenue to total $3.85B. It ranges from a high estimate of $3.89B to a low estimate of $3.81B. As of the current estimate, Spotify Technology S.A.’s year-ago sales were $3.32B, an estimated increase of 16.00% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $4.01B, an increase of 17.40% over than the figure of $16.00% in the same quarter last year. There is a high estimate of $4.1B for the next quarter, whereas the lowest estimate is $3.92B.
A total of 31 analysts have provided revenue estimates for SPOT’s current fiscal year. The highest revenue estimate was $17.79B, while the lowest revenue estimate was $16.21B, resulting in an average revenue estimate of $16.6B. In the same quarter a year ago, actual revenue was $14.13B, up 17.40% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $18.88B in the next fiscal year. The high estimate is $20.14B and the low estimate is $18.11B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
