The closing price of Spotify Technology S.A. (NYSE: SPOT) was $258.09 for the day, up 1.43% from the previous closing price of $254.45. In other words, the price has increased by $+3.64 from its previous closing price. On the day, 1350291 shares were traded. SPOT stock price reached its highest trading level at $259.74 during the session, while it also had its lowest trading level at $254.96.
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 10.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.47. 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.
On February 06, 2024, Pivotal Research Group reiterated its Buy rating and also lowered its target price recommendation from $265 to $330.
UBS Upgraded its Neutral to Buy on January 30, 2024, whereas the target price for the stock was revised from $170 to $274.
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 51.19B and an Enterprise Value of 48.43B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 18.26. Its current Enterprise Value per Revenue stands at 3.66 whereas that against EBITDA is -162.52.
Stock Price History:
Over the past 52 weeks, SPOT has reached a high of $272.44, while it has fallen to a 52-week low of $118.55. The 50-Day Moving Average of the stock is 228.08, while the 200-Day Moving Average is calculated to be 178.30.
Shares Statistics:
SPOT traded an average of 1.93M shares per day over the past three months and 1.85M shares per day over the past ten days. A total of 197.14M shares are outstanding, with a floating share count of 137.64M. Insiders hold about 28.66% of the company’s shares, while institutions hold 57.76% stake in the company. Shares short for SPOT as of Feb 29, 2024 were 1.6M with a Short Ratio of 0.83, compared to 1.58M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.80% and a Short% of Float of 1.30%.
Earnings Estimates
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of $0.81 for the current quarter, with a high estimate of $1.12 and a low estimate of $0.35, while EPS last year was -$1.27. The consensus estimate for the next quarter is $0.84, with high estimates of $1.21 and low estimates of $0.34.
Analysts are recommending an EPS of between $5.89 and $2.77 for the fiscal current year, implying an average EPS of $4.05. EPS for the following year is $5.88, with 23 analysts recommending between $8.24 and $3.83.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 22 analysts. It ranges from a high estimate of $3.98B to a low estimate of $3.9B. As of the current estimate, Spotify Technology S.A.’s year-ago sales were $3.32B, an estimated increase of 18.90% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $4.11B, an increase of 20.40% over than the figure of $18.90% in the same quarter last year. There is a high estimate of $4.19B for the next quarter, whereas the lowest estimate is $4.02B.
A total of 30 analysts have provided revenue estimates for SPOT’s current fiscal year. The highest revenue estimate was $18.25B, while the lowest revenue estimate was $16.63B, resulting in an average revenue estimate of $17.01B. In the same quarter a year ago, actual revenue was $14.5B, up 17.40% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $19.27B in the next fiscal year. The high estimate is $20.66B and the low estimate is $18.51B. The average revenue growth estimate for next year is up 13.30% from the average revenue estimate for this year.
