A new trading day began on Monday, with Spotify Technology S.A. (NYSE: SPOT) stock price down -1.30% from the previous day of trading, before settling in for the closing price of $275.83. SPOT’s price has ranged from $128.67 to $313.16 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 18.39% over the last five years. Meanwhile, its annual earnings per share averaged 231.94%. With a float of $138.81 million, this company’s outstanding shares have now reached $197.14 million.
Spotify Technology S.A. (SPOT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Spotify Technology S.A. is 28.49%, while institutional ownership is 57.51%.
Spotify Technology S.A. (SPOT) Recent Fiscal highlights
In its latest quarterly report, released on 12/31/2023, the company reported earnings of -1.27 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 231.94% per share during the next fiscal year.
Spotify Technology S.A. (NYSE: SPOT) Trading Performance Indicators
Here are Spotify Technology S.A.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.69. Likewise, its price to free cash flow for the trailing twelve months is 72.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.96, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 5.83 in one year’s time.
Technical Analysis of Spotify Technology S.A. (SPOT)
Analysing the last 5-days average volume posted by the [Spotify Technology S.A., SPOT], we can find that recorded value of 2.98 million was better than the volume posted last year of 1.98 million. As of the previous 9 days, the stock’s Stochastic %D was 9.24%. Additionally, its Average True Range was 10.05.
During the past 100 days, Spotify Technology S.A.’s (SPOT) raw stochastic average was set at 69.35%, which indicates a significant increase from 9.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.86% in the past 14 days, which was higher than the 31.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $266.97, while its 200-day Moving Average is $195.57. Now, the first resistance to watch is $279.55. This is followed by the second major resistance level at $286.87. The third major resistance level sits at $292.76. If the price goes on to break the first support level at $266.34, it is likely to go to the next support level at $260.45. Now, if the price goes above the second support level, the third support stands at $253.13.
Spotify Technology S.A. (NYSE: SPOT) Key Stats
With a market capitalization of 52.85 billion, the company has a total of 198,327K Shares Outstanding. Currently, annual sales are 14,337 M while annual income is -575,780 K. The company’s previous quarter sales were 3,954 M while its latest quarter income was -75,710 K.
