Spotify Technology S.A. (NYSE:SPOT) went down by -7.29% from its latest closing price compared to the recent 1-year high of $305.60. The company’s stock price has collected -18.31% of loss in the last five trading sessions. Barron’s reported on 04/27/22 that Investors Have Stopped Believing in Spotify’s Growth Story
Is It Worth Investing in Spotify Technology S.A. (NYSE :SPOT) Right Now?
Spotify Technology S.A. (NYSE:SPOT) scored a price-to-earnings ratio above its average ratio, recording 237.57 x from its present earnings ratio. Plus, the 36-month beta value for SPOT is at 1.80. Opinions of the stock are interesting as 13 analysts out of 29 who provided ratings for Spotify Technology S.A. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 13 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $141.66, which is $57.43 above the current price. SPOT currently public float of 139.66M and currently shorts hold a 3.14% ratio of that float. Today, the average trading volume of SPOT was 2.23M shares.
SPOT’s Market Performance
SPOT stocks went down by -18.31% for the week, with a monthly drop of -34.15% and a quarterly performance of -47.61%, while its annual performance rate touched -59.25%. The volatility ratio for the week stands at 8.64% while the volatility levels for the past 30 days are set at 7.76% for Spotify Technology S.A.. The simple moving average for the period of the last 20 days is -19.77% for SPOT stocks with a simple moving average of -54.81% for the last 200 days.
Analysts’ Opinion of SPOT
Many brokerage firms have already submitted their reports for SPOT stocks, with Pivotal Research Group repeating the rating for SPOT by listing it as a “Hold.” The predicted price for SPOT in the upcoming period, according to Pivotal Research Group is $110 based on the research report published on April 28th of the current year 2022.
SPOT Trading at -29.92% 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 -69.91% of loss for the given period.
Volatility was left at 7.76%, however, over the last 30 days, the volatility rate increased by 8.64%, as shares sank -33.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.21% lower at present.
During the last 5 trading sessions, SPOT fell by -18.31%, which changed the moving average for the period of 200-days by -61.20% in comparison to the 20-day moving average, which settled at $112.25. In addition, Spotify Technology S.A. saw -60.71% 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:
- +1.04 for the present operating margin
- +26.54 for the gross margin
The net margin for Spotify Technology S.A. stands at -0.35. Equity return is now at value 3.30, with 1.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.