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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.84 million shares were traded. SPOT stock price reached its highest trading level at $301.37 during the session, while it also had its lowest trading level at $294.2623.
Ratios:
To gain a deeper understanding of SPOT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.53.
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, Pivotal Research Group on April 23, 2024, Reiterated its Buy rating but revised its target price to $400 from $390 previously.
On April 08, 2024, JP Morgan reiterated its Overweight rating and also lowered its target price recommendation from $280 to $320.
Pivotal Research Group reiterated its Buy rating for the stock on April 05, 2024, while the target price for the stock was revised from $330 to $390.
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 59449466880 and an Enterprise Value of 56945496064. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.88 while its Price-to-Book (P/B) ratio in mrq is 16.64. Its current Enterprise Value per Revenue stands at 4.114 whereas that against EBITDA is 184.888.
Stock Price History:
Over the past 52 weeks, SPOT has reached a high of $319.30, while it has fallen to a 52-week low of $129.23. The 50-Day Moving Average of the stock is 7.44%, while the 200-Day Moving Average is calculated to be 47.18%.
Shares Statistics:
It appears that SPOT traded 2.16M shares on average per day over the past three months and 1876590 shares per day over the past ten days. A total of 197.14M shares are outstanding, with a floating share count of 139.61M. Insiders hold about 28.45% of the company’s shares, while institutions hold 56.19% stake in the company. Shares short for SPOT as of 1713139200 were 2182445 with a Short Ratio of 1.01, compared to 1710460800 on 1777971. Therefore, it implies a Short% of Shares Outstanding of 2182445 and a Short% of Float of 1.77.
