Spotify Technology S.A. (NYSE:SPOT) went up by 3.63% from its latest closing price compared to the recent 1-year high of $387.44. The company’s stock price has collected 5.09% of gains in the last five trading sessions. MarketWatch.com reported on 10/02/21 that Weekend reads: What if the U.S. were to default on its debt?
Is It Worth Investing in Spotify Technology S.A. (NYSE :SPOT) Right Now?
Plus, the 36-month beta value for SPOT is at 1.49. Opinions of the stock are interesting as 13 analysts out of 27 who provided ratings for Spotify Technology S.A. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 10 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $258.44, which is $67.55 above the current price. SPOT currently public float of 135.59M and currently shorts hold a 3.56% ratio of that float. Today, the average trading volume of SPOT was 1.43M shares.
SPOT’s Market Performance
SPOT stocks went up by 5.09% for the week, with a monthly jump of 0.01% and a quarterly performance of -1.67%, while its annual performance rate touched -8.66%. The volatility ratio for the week stands at 2.42% while the volatility levels for the past 30 days are set at 2.78% for Spotify Technology S.A.. The simple moving average for the period of the last 20 days is 4.75% for SPOT stocks with a simple moving average of -8.33% for the last 200 days.
Analysts’ Opinion of SPOT
Many brokerage firms have already submitted their reports for SPOT stocks, with DZ Bank repeating the rating for SPOT by listing it as a “Sell.” The predicted price for SPOT in the upcoming period, according to DZ Bank is $200 based on the research report published on September 24th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see SPOT reach a price target of $260. The rating they have provided for SPOT stocks is “Neutral” according to the report published on September 13th, 2021.
KeyBanc Capital Markets gave a rating of “Overweight” to SPOT, setting the target price at $340 in the report published on September 07th of the current year.
SPOT Trading at 6.23% from the 50-Day Moving Average
After a stumble in the market that brought SPOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.07% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.87% upper at present.
During the last 5 trading sessions, SPOT rose by +5.09%, which changed the moving average for the period of 200-days by -23.15% in comparison to the 20-day moving average, which settled at $232.83. In addition, Spotify Technology S.A. saw -22.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SPOT
Current profitability levels for the company are sitting at:
- -3.49 for the present operating margin
- +25.34 for the gross margin
The net margin for Spotify Technology S.A. stands at -7.37. The total capital return value is set at -8.80, while invested capital returns managed to touch -18.60. Equity return is now at value -8.00, with -3.20 for asset returns.
Based on Spotify Technology S.A. (SPOT), the company’s capital structure generated 20.57 points at debt to equity in total, while total debt to capital is 17.06. Total debt to assets is 9.12, with long-term debt to equity ratio resting at 20.57. Finally, the long-term debt to capital ratio is 17.06.
When we switch over and look at the enterprise to sales, we see a ratio of 6.41, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 17.47 and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.