After finishing at $291.77 in the prior trading day, Spotify Technology S.A. (NYSE: SPOT) closed at $295.96, up 1.44%. In other words, the price has increased by $+4.19 from its previous closing price. On the day, 3551653 shares were traded.
Ratios:
Our goal is to gain a better understanding of SPOT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.00. 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, HSBC Securities on March 27, 2024, initiated with a Buy rating and assigned the stock a target price of $310.
On February 07, 2024, DZ Bank Upgraded its rating to Hold which previously was Sell but kept the price unchanged to $240.
Pivotal Research Group reiterated its Buy rating for the stock on February 06, 2024, while the target price for the stock was revised from $265 to $330.
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 58.70B and an Enterprise Value of 55.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 20.94. Its current Enterprise Value per Revenue stands at 4.23 whereas that against EBITDA is -187.87.
Stock Price History:
Over the past 52 weeks, SPOT has reached a high of $293.00, while it has fallen to a 52-week low of $128.67. The 50-Day Moving Average of the stock is 247.69, while the 200-Day Moving Average is calculated to be 186.67.
Shares Statistics:
The stock has traded on average 1.92M shares per day over the past 3-months and 1.68M shares per day over the last 10 days, according to various share statistics. A total of 197.14M shares are outstanding, with a floating share count of 138.48M. Insiders hold about 28.66% of the company’s shares, while institutions hold 57.69% stake in the company. Shares short for SPOT as of Mar 15, 2024 were 1.78M with a Short Ratio of 0.93, compared to 1.89M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.90% and a Short% of Float of 1.45%.
Earnings Estimates
Its stock is currently analyzed by 21 different market analysts. On average, analysts expect EPS of $0.77 for the current quarter, with a high estimate of $1.1 and a low estimate of $0.34, while EPS last year was -$1.27. The consensus estimate for the next quarter is $0.82, with high estimates of $1.2 and low estimates of $0.33.
Analysts are recommending an EPS of between $5.79 and $2.72 for the fiscal current year, implying an average EPS of $3.96. EPS for the following year is $5.8, with 24 analysts recommending between $8.11 and $3.77.
Revenue Estimates
22 analysts predict $3.88B in revenue for the current quarter. It ranges from a high estimate of $3.92B to a low estimate of $3.84B. As of the current estimate, Spotify Technology S.A.’s year-ago sales were $3.32B, an estimated increase of 17.00% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $4.05B, an increase of 18.50% over than the figure of $17.00% in the same quarter last year. There is a high estimate of $4.13B for the next quarter, whereas the lowest estimate is $3.96B.
A total of 31 analysts have provided revenue estimates for SPOT’s current fiscal year. The highest revenue estimate was $17.96B, while the lowest revenue estimate was $16.36B, resulting in an average revenue estimate of $16.74B. In the same quarter a year ago, actual revenue was $14.26B, up 17.40% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $19.03B in the next fiscal year. The high estimate is $20.33B and the low estimate is $18.28B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
