Spotify Technology S.A. (NYSE: SPOT) on Tuesday, soared 0.03% from the previous trading day, before settling in for the closing price of $372.50. Within the past 52 weeks, SPOT’s price has moved between $145.76 and $389.23.
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Communication Services Sector giant saw their annual sales surged by 18.39% over the last five years. The company achieved an average annual earnings per share of 314.02%. With a float of $141.17 million, this company’s outstanding shares have now reached $197.14 million.
In terms of profitability, gross margin is 27.46%, operating margin of 2.71%, and the pretax margin is 2.67%.
Spotify Technology S.A. (SPOT) Insider Activity
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Spotify Technology S.A. is 27.83%, while institutional ownership is 61.37%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 314.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.00% during the next five years compared to -41.57% drop over the previous five years of trading.
Spotify Technology S.A. (NYSE: SPOT) Trading Performance Indicators
Spotify Technology S.A. (SPOT) is currently performing well based on its current performance indicators. A quick ratio of 1.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.66. Likewise, its price to free cash flow for the trailing twelve months is 51.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 1.89 in the next quarter and is forecasted to reach 9.02 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 1.21 million was lower than the volume posted last year of 1.87 million. As of the previous 9 days, the stock’s Stochastic %D was 51.93%. Additionally, its Average True Range was 9.06.
During the past 100 days, Spotify Technology S.A.’s (SPOT) raw stochastic average was set at 83.56%, which indicates a significant increase from 38.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.12% in the past 14 days, which was lower than the 32.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $349.97, while its 200-day Moving Average is $294.30. Now, the first resistance to watch is $376.45. This is followed by the second major resistance level at $380.30. The third major resistance level sits at $386.39. If the price goes on to break the first support level at $366.50, it is likely to go to the next support level at $360.41. Should the price break the second support level, the third support level stands at $356.56.
Spotify Technology S.A. (NYSE: SPOT) Key Stats
Market capitalization of the company is 72.88 billion based on 190,200K outstanding shares. Right now, sales total 14,337 M and income totals -575,780 K. The company made 4,100 M in profit during its latest quarter, and 295,070 K in sales during its previous quarter.
