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Spotify Technology S.A. (NYSE: SPOT) closed the day trading at $366.75 down -1.33% from the previous closing price of $371.69. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 1.24 million shares were traded. SPOT stock price reached its highest trading level at $373.99 during the session, while it also had its lowest trading level at $366.66.
Ratios:
For a better understanding of SPOT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.76. 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 this company, Pivotal Research Group on September 19, 2024, Reiterated its Buy rating but revised its target price to $510 from $460 previously.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $340.
Goldman Upgraded its Neutral to Buy on July 24, 2024, whereas the target price for the stock was revised from $320 to $425.
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 Sep 12 ’24 when THEODORE SARANDOS bought 17,710 shares for $340.16 per share.
Marshall Christopher P bought 10,000 shares of SPOT for $3,451,930 on Aug 21 ’24. On Aug 09 ’24, another insider, Sutphen Mona, who serves as the Director of the company, bought 6,106 shares for $339.43 each.
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 73646333952 and an Enterprise Value of 70562398208. As of this moment, Spotify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 149.35, and their Forward P/E ratio for the next fiscal year is 40.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.59 while its Price-to-Book (P/B) ratio in mrq is 16.13. Its current Enterprise Value per Revenue stands at 4.876 whereas that against EBITDA is 94.335.
Stock Price History:
Over the past 52 weeks, SPOT has reached a high of $389.23, while it has fallen to a 52-week low of $145.76. The 50-Day Moving Average of the stock is 4.27%, while the 200-Day Moving Average is calculated to be 23.86%.
Shares Statistics:
Over the past 3-months, SPOT traded about 1.75M shares per day on average, while over the past 10 days, SPOT traded about 1214440 shares per day. A total of 197.14M shares are outstanding, with a floating share count of 141.17M. Insiders hold about 27.83% of the company’s shares, while institutions hold 61.35% stake in the company. Shares short for SPOT as of 1727654400 were 4398646 with a Short Ratio of 2.51, compared to 1724976000 on 3712871. Therefore, it implies a Short% of Shares Outstanding of 4398646 and a Short% of Float of 3.52.
