Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Spotify Technology S.A (NYSE: SPOT) was $550.13 for the day, up 2.10% from the previous closing price of $538.83. In other words, the price has increased by $2.10 from its previous closing price. On the day, 2.04 million shares were traded. SPOT stock price reached its highest trading level at $558.31 during the session, while it also had its lowest trading level at $541.585.
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 15.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.39.
On November 13, 2024, Pivotal Research Group reiterated its Buy rating and also lowered its target price recommendation from $510 to $565.
Pivotal Research Group reiterated its Buy rating for the stock on September 19, 2024, while the target price for the stock was revised from $460 to $510.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 22 ’25 when Daniel Ek bought 60,000 shares for $487.51 per share.
Daniel Ek bought 60,000 shares of SPOT for $27,835,800 on Jan 08 ’25. On Dec 23 ’24, another insider, Daniel Ek, who serves as the Director and Chief Executive O of the company, bought 60,000 shares for $462.00 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 111169724416 and an Enterprise Value of 106598768640. As of this moment, Spotify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 149.19, and their Forward P/E ratio for the next fiscal year is 57.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.59 while its Price-to-Book (P/B) ratio in mrq is 21.50. Its current Enterprise Value per Revenue stands at 7.059 whereas that against EBITDA is 90.415.
Stock Price History:
The Beta on a monthly basis for SPOT is 1.63, which has changed by 1.4220345 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, SPOT has reached a high of $543.86, while it has fallen to a 52-week low of $213.31. The 50-Day Moving Average of the stock is 14.94%, while the 200-Day Moving Average is calculated to be 48.65%.
Shares Statistics:
SPOT traded an average of 2.62M shares per day over the past three months and 1871320 shares per day over the past ten days. A total of 202.08M shares are outstanding, with a floating share count of 141.76M. Insiders hold about 27.58% of the company’s shares, while institutions hold 66.47% stake in the company. Shares short for SPOT as of 1736899200 were 6646753 with a Short Ratio of 2.54, compared to 1734048000 on 8407662. Therefore, it implies a Short% of Shares Outstanding of 6646753 and a Short% of Float of 5.2699998.
