Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $334.35 in the prior trading day, Spotify Technology S.A. (NYSE: SPOT) closed at $335.59, up 0.37%. In other words, the price has increased by $0.37 from its previous closing price. On the day, 2.11 million shares were traded. SPOT stock price reached its highest trading level at $341.6371 during the session, while it also had its lowest trading level at $333.91.
Ratios:
Our goal is to gain a better understanding of SPOT by taking a closer look at 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 46.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.42.
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 the company, Goldman on July 24, 2024, Upgraded its rating to Buy and sets its target price to $425 from $320 previously.
On July 24, 2024, DZ Bank Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $375.
Pivotal Research Group reiterated its Buy rating for the stock on July 24, 2024, while the target price for the stock was revised from $400 to $460.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’24 when Sutphen Mona bought 6,106 shares for $339.43 per share.
Jenkins Dustee bought 812 shares of SPOT for $276,148 on Aug 09 ’24.
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 67389157376 and an Enterprise Value of 64056213504. As of this moment, Spotify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 136.66, and their Forward P/E ratio for the next fiscal year is 37.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.20 while its Price-to-Book (P/B) ratio in mrq is 14.76. Its current Enterprise Value per Revenue stands at 4.427 whereas that against EBITDA is 85.637.
Stock Price History:
Over the past 52 weeks, SPOT has reached a high of $359.38, while it has fallen to a 52-week low of $129.23. The 50-Day Moving Average of the stock is 5.62%, while the 200-Day Moving Average is calculated to be 30.25%.
Shares Statistics:
The stock has traded on average 1.85M shares per day over the past 3-months and 1915430 shares per day over the last 10 days, according to various share statistics. A total of 197.14M shares are outstanding, with a floating share count of 141.18M. Insiders hold about 27.82% of the company’s shares, while institutions hold 64.08% stake in the company. Shares short for SPOT as of 1722384000 were 2153377 with a Short Ratio of 1.17, compared to 1719532800 on 2900866. Therefore, it implies a Short% of Shares Outstanding of 2153377 and a Short% of Float of 1.72.
