2.83% volatility in Spotify Technology S.A. (SPOT) last month: This is a red flag warning

On Tuesday, Spotify Technology S.A. (NYSE: SPOT) was 1.18% up from the session before settling in for the closing price of $266.43. A 52-week range for SPOT has been $128.67 – $278.30.

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Annual sales at Communication Services sector company grew by 18.39% over the past five years. When this article was written, the company’s average yearly earnings per share was at 232.20%. With a float of $138.48 million, this company’s outstanding shares have now reached $197.14 million.

Spotify Technology S.A. (SPOT) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Spotify Technology S.A. stocks. The insider ownership of Spotify Technology S.A. is 28.66%, while institutional ownership is 57.69%.

Spotify Technology S.A. (SPOT) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.4 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.23) by $0.63. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.82 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 232.20% per share during the next fiscal year.

Spotify Technology S.A. (NYSE: SPOT) Trading Performance Indicators

You can see what Spotify Technology S.A. (SPOT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65. Likewise, its price to free cash flow for the trailing twelve months is 71.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.96, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 5.46 in one year’s time.

Technical Analysis of Spotify Technology S.A. (SPOT)

Spotify Technology S.A. (NYSE: SPOT) saw its 5-day average volume 1.56 million, a negative change from its year-to-date volume of 1.85 million. As of the previous 9 days, the stock’s Stochastic %D was 57.34%. Additionally, its Average True Range was 7.70.

During the past 100 days, Spotify Technology S.A.’s (SPOT) raw stochastic average was set at 92.32%, which indicates a significant increase from 69.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.47% in the past 14 days, which was lower than the 26.29% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $245.96, while its 200-day Moving Average is $185.97. Nevertheless, the first resistance level for the watch stands at $273.07 in the near term. At $276.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $282.41. If the price goes on to break the first support level at $263.73, it is likely to go to the next support level at $257.89. Assuming the price breaks the second support level, the third support level stands at $254.39.

Spotify Technology S.A. (NYSE: SPOT) Key Stats

There are 198,327K outstanding shares of the company, which has a market capitalization of 52.33 billion. As of now, sales total 14,337 M while income totals -575,780 K. Its latest quarter income was 3,954 M while its last quarter net income were -75,710 K.