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The closing price of Spotify Technology S.A. (NYSE: SPOT) was $289.20 for the day, down -1.49% from the previous closing price of $293.58. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 2.01 million shares were traded. SPOT stock price reached its highest trading level at $296.801 during the session, while it also had its lowest trading level at $288.67.
Ratios:
Our analysis of SPOT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.20. 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 57356173312 and an Enterprise Value of 54801866752. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.92 while its Price-to-Book (P/B) ratio in mrq is 20.46. Its current Enterprise Value per Revenue stands at 4.137 whereas that against EBITDA is 5480.187.
Stock Price History:
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 9.35%, while the 200-Day Moving Average is calculated to be 49.25%.
Shares Statistics:
SPOT traded an average of 1.92M shares per day over the past three months and 1834300 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 57.53% stake in the company. Shares short for SPOT as of 1711584000 were 1635092 with a Short Ratio of 0.85, 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
A comprehensive evaluation of Spotify Technology S.A. (SPOT) is underway, with the input of Spotify Technology S.A. analysts contributing to its current rating.The consensus estimate for the next quarter is $2.02, with high estimates of $52.74 and low estimates of $24.98.
