On Tuesday, Spotify Technology S.A. (NYSE: SPOT) was 3.08% up from the session before settling in for the closing price of $369.01. A 52-week range for SPOT has been $145.76 – $371.11.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 18.39%. When this article was written, the company’s average yearly earnings per share was at 313.39%. With a float of $141.17 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
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 27.83%, while institutional ownership is 61.40%. The most recent insider transaction that took place on Sep 12 ’24, was worth 6,024,213. Before that another transaction happened on Aug 21 ’24, when Company’s Director proposed sale 10,000 for $345.19, making the entire transaction worth $3,451,930.
Spotify Technology S.A. (SPOT) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.36 earnings per share (EPS) during the time that was better than consensus figure (set at -0.24) by 0.6. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 313.39% 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 1.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.76. Likewise, its price to free cash flow for the trailing twelve months is 52.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 1.98 in the next quarter and is forecasted to reach 9.23 in one year’s time.
Technical Analysis of Spotify Technology S.A. (SPOT)
Compared to the last year’s volume of 1.91 million, its volume of 1.94 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.45%. Additionally, its Average True Range was 9.76.
During the past 100 days, Spotify Technology S.A.’s (SPOT) raw stochastic average was set at 97.74%, which indicates a significant increase from 96.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.35% in the past 14 days, which was lower than the 33.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $333.62, while its 200-day Moving Average is $280.82. Nevertheless, the first resistance level for the watch stands at $384.97 in the near term. At $389.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $396.57. If the price goes on to break the first support level at $373.37, it is likely to go to the next support level at $366.39. Now, if the price goes above the second support level, the third support stands at $361.77.
Spotify Technology S.A. (NYSE: SPOT) Key Stats
There are 190,200K outstanding shares of the company, which has a market capitalization of 74.40 billion. As of now, sales total 14,337 M while income totals -575,780 K. Its latest quarter income was 4,100 M while its last quarter net income were 295,070 K.
