The stock of Spotify Technology S.A (SPOT) has gone up by 5.95% for the week, with a 26.96% rise in the past month and a 41.80% rise in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are 2.86% for SPOT. The simple moving average for the past 20 days is 12.54% for SPOT’s stock, with a 48.69% simple moving average for the past 200 days.
Is It Worth Investing in Spotify Technology S.A (NYSE: SPOT) Right Now?
The price-to-earnings ratio for Spotify Technology S.A (NYSE: SPOT) is 130.54x, which is above its average ratio. Moreover, the 36-month beta value for SPOT is 1.60. Analysts have varying opinions on the stock, with 19 analysts rating it as a “buy,” 8 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for SPOT is 141.77M and currently, short sellers hold a 2.67% of that float. On November 26, 2024, SPOT’s average trading volume was 1.85M shares.
SPOT) stock’s latest price update
Spotify Technology S.A (NYSE: SPOT) has seen a rise in its stock price by 1.33 in relation to its previous close of 475.04. However, the company has experienced a 5.95% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-23 that Warner Music Group’s Q4 earnings report failed to impress, leading to a significant stock drop and highlighting concerns about its competitive position in the music industry. Despite solid revenue growth and a $100M share buyback, WMG struggles as industry peers like Spotify and Live Nation capture investor mind share. Analysts question WMG’s ability to leverage pricing strategy and product innovation to boost growth, with management’s responses lacking concrete, exciting plans.
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 “Buy.” The predicted price for SPOT in the upcoming period, according to Pivotal Research Group is $565 based on the research report published on November 13, 2024 of the current year 2024.
Pivotal Research Group, on the other hand, stated in their research note that they expect to see SPOT reach a price target of $510, previously predicting the price at $460. The rating they have provided for SPOT stocks is “Buy” according to the report published on September 19th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to SPOT, setting the target price at $340 in the report published on September 05th of the current year.
SPOT Trading at 22.04% 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 -1.70% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares surge +25.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.07% upper at present.
During the last 5 trading sessions, SPOT rose by +5.95%, which changed the moving average for the period of 200-days by +99.93% in comparison to the 20-day moving average, which settled at $427.75. In addition, Spotify Technology S.A saw 156.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPOT starting from Daniel Ek, who proposed sale 75,000 shares at the price of $463.83 back on Nov 20 ’24. After this action, Daniel Ek now owns shares of Spotify Technology S.A, valued at $34,787,250 using the latest closing price.
Soderstrom Gustav, the Officer of Spotify Technology S.A, proposed sale 22,000 shares at $470.68 during a trade that took place back on Nov 20 ’24, which means that Soderstrom Gustav is holding shares at $10,355,038 based on the most recent closing price.
Stock Fundamentals for SPOT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.29 for the gross margin
The net margin for Spotify Technology S.A stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 20.53, with 7.70 for asset returns.
Based on Spotify Technology S.A (SPOT), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.36. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 5.28.
Currently, EBITDA for the company is -298.0 million with net debt to EBITDA at -3.07. When we switch over and look at the enterprise to sales, we see a ratio of 5.77. The receivables turnover for the company is 19.46for 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 1.71.
Conclusion
To wrap up, the performance of Spotify Technology S.A (SPOT) has been better in recent times. The stock has received a bullish of “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.
