Spotify Technology S.A (NYSE: SPOT) has a price-to-earnings ratio that is above its average at 124.20x. The stock has a 36-month beta value of 1.61. Opinions on the stock are mixed, with 19 analysts rating it as a “buy,” 8 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for SPOT is 141.77M, and at present, short sellers hold a 5.93% of that float. On December 27, 2024, the average trading volume of SPOT was 2.48M shares.
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SPOT) stock’s latest price update
Spotify Technology S.A (NYSE: SPOT) has seen a decline in its stock price by -0.79 in relation to its previous close of 461.64. However, the company has experienced a 2.08% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that Spotify (SPOT) closed at $457.98 in the latest trading session, marking a -0.79% move from the prior day.
SPOT’s Market Performance
SPOT’s stock has risen by 2.08% in the past week, with a monthly drop of -4.86% and a quarterly rise of 20.79%. The volatility ratio for the week is 2.45% while the volatility levels for the last 30 days are 2.82% for Spotify Technology S.A The simple moving average for the past 20 days is -3.72% for SPOT’s stock, with a 31.97% simple moving average for the past 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 “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 4.31% 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 -9.57% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -3.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.91% upper at present.
During the last 5 trading sessions, SPOT rose by +2.08%, which changed the moving average for the period of 200-days by +77.45% in comparison to the 20-day moving average, which settled at $475.68. In addition, Spotify Technology S.A saw 143.72% 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 60,000 shares at the price of $462.00 back on Dec 23 ’24. After this action, Daniel Ek now owns shares of Spotify Technology S.A, valued at $27,720,000 using the latest closing price.
McCARTHY BARRY, the Director of Spotify Technology S.A, proposed sale 21,000 shares at $484.14 during a trade that took place back on Dec 12 ’24, which means that McCARTHY BARRY is holding shares at $10,166,923 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 5.38.
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 5.51. 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 sum up, Spotify Technology S.A (SPOT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
