In the past week, SPOT stock has gone down by -0.83%, with a monthly decline of -4.68% and a quarterly surge of 22.16%. The volatility ratio for the week is 2.21%, and the volatility levels for the last 30 days are 2.94% for Spotify Technology S.A The simple moving average for the last 20 days is -2.61% for SPOT stock, with a simple moving average of 30.43% for the last 200 days.
Is It Worth Investing in Spotify Technology S.A (NYSE: SPOT) Right Now?
Spotify Technology S.A (NYSE: SPOT) has a higher price-to-earnings ratio of 124.15x compared to its average ratio. SPOT has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 18 analysts rating it as a “buy,” 8 as “overweight,” 9 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SPOT is 141.77M, and currently, short sellers hold a 5.93% ratio of that float. The average trading volume of SPOT on January 03, 2025 was 2.43M shares.
SPOT) stock’s latest price update
The stock of Spotify Technology S.A (NYSE: SPOT) has increased by 2.33 when compared to last closing price of 447.38. Despite this, the company has experienced a -0.83% fall in its stock price over the last five trading sessions. businesswire.com reported 2025-01-02 that NEW YORK–(BUSINESS WIRE)–Spotify Technology S.A. (NYSE: SPOT) will post its fourth quarter 2024 financial results and deck to shareholders on Tuesday, February 4, 2025 before market open. The company will hold a question and answer session to discuss fourth quarter 2024 financial results at 8:00 am Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ424. A live webcast of t.
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 previous 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 previous year.
SPOT Trading at 2.80% 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 -9.61% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.85% upper at present.
During the last 5 trading sessions, SPOT fell by -0.83%, which changed the moving average for the period of 200-days by +80.13% in comparison to the 20-day moving average, which settled at $470.06. In addition, Spotify Technology S.A saw 2.33% 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 5.59. 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 put it simply, Spotify Technology S.A (SPOT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
