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In the latest session, Spotify Technology S.A. (NYSE: SPOT) closed at $339.47 up 1.01% from its previous closing price of $336.07. In other words, the price has increased by $1.01 from its previous closing price. On the day, 1.27 million shares were traded. SPOT stock price reached its highest trading level at $343.26 during the session, while it also had its lowest trading level at $333.001.
Ratios:
For a deeper understanding of Spotify Technology S.A.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.99. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 21 ’24 when Marshall Christopher P bought 10,000 shares for $345.19 per share.
Sutphen Mona bought 6,106 shares of SPOT for $2,072,560 on Aug 09 ’24. On Aug 09 ’24, another insider, Jenkins Dustee, who serves as the Officer of the company, bought 812 shares for $340.08 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 68168290304 and an Enterprise Value of 64401600512. As of this moment, Spotify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 138.24, and their Forward P/E ratio for the next fiscal year is 37.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.24 while its Price-to-Book (P/B) ratio in mrq is 14.93. Its current Enterprise Value per Revenue stands at 4.45 whereas that against EBITDA is 86.098.
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 $138.26. The 50-Day Moving Average of the stock is 5.46%, while the 200-Day Moving Average is calculated to be 28.26%.
Shares Statistics:
For the past three months, SPOT has traded an average of 1.89M shares per day and 1661060 over the past ten days. 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 64.43% stake in the company. Shares short for SPOT as of 1722384000 were 2153377 with a Short Ratio of 1.24, compared to 1719532800 on 2900866. Therefore, it implies a Short% of Shares Outstanding of 2153377 and a Short% of Float of 1.72.
