The price-to-earnings ratio for Spotify Technology S.A. (NYSE: SPOT) is above average at 131.96x, Company’s 36-month beta value is 1.57.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SPOT is 140.56M, and currently, short sellers hold a 1.32% ratio of that floaft. The average trading volume of SPOT on August 06, 2024 was 1.79M shares.
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SPOT) stock’s latest price update
The stock of Spotify Technology S.A. (NYSE: SPOT) has decreased by -2.06 when compared to last closing price of 330.85.Despite this, the company has seen a gain of 0.09% in its stock price over the last five trading days. fool.com reported 2024-08-05 that Fiverr International’s upstream strategy is paying off big-time. The Trade Desk should bring significant returns for customers and shareholders alike.
SPOT’s Market Performance
Spotify Technology S.A. (SPOT) has seen a 0.09% rise in stock performance for the week, with a 2.27% gain in the past month and a 9.44% surge in the past quarter. The volatility ratio for the week is 5.63%, and the volatility levels for the past 30 days are at 4.06% for SPOT. The simple moving average for the past 20 days is 2.98% for SPOT’s stock, with a 29.30% simple moving average for the past 200 days.
Analysts’ Opinion of SPOT
Many brokerage firms have already submitted their reports for SPOT stocks, with Goldman repeating the rating for SPOT by listing it as a “Buy.” The predicted price for SPOT in the upcoming period, according to Goldman is $425 based on the research report published on July 24, 2024 of the current year 2024.
DZ Bank, on the other hand, stated in their research note that they expect to see SPOT reach a price target of $375. The rating they have provided for SPOT stocks is “Buy” according to the report published on July 24th, 2024.
Pivotal Research Group gave a rating of “Buy” to SPOT, setting the target price at $460 in the report published on July 24th of the current year.
SPOT Trading at 3.43% 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 -9.84% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 5.63%, as shares surge +3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.46% upper at present.
During the last 5 trading sessions, SPOT rose by +0.09%, which changed the moving average for the period of 200-days by +105.96% in comparison to the 20-day moving average, which settled at $315.17. In addition, Spotify Technology S.A. saw 72.44% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SPOT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.27 for the gross margin
The net margin for Spotify Technology S.A. stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 14.82, with 5.35 for asset returns.
Based on Spotify Technology S.A. (SPOT), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.99. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 4.22.
Currently, EBITDA for the company is -146.0 million with net debt to EBITDA at -3.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.84. The receivables turnover for the company is 18.38for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In a nutshell, Spotify Technology S.A. (SPOT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
