On Tuesday, Spotify Technology S.A (NYSE: SPOT) was 1.30% up from the session before settling in for the closing price of $377.73. A 52-week range for SPOT has been $164.83 – $397.20.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 18.39%. When this article was written, the company’s average yearly earnings per share was at 315.33%. 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 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 27.83%, while institutional ownership is 61.84%. The most recent insider transaction that took place on Oct 29 ’24, was worth 482,367. Before that another transaction happened on Sep 12 ’24, when Company’s Director proposed sale 17,710 for $340.16, making the entire transaction worth $6,024,213.
Spotify Technology S.A (SPOT) Performance Highlights and Predictions
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 2.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 315.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 41.00% 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
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 4.79. Likewise, its price to free cash flow for the trailing twelve months is 53.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 1.84 in the next quarter and is forecasted to reach 9.23 in one year’s time.
Technical Analysis of Spotify Technology S.A (SPOT)
The latest stats from [Spotify Technology S.A, SPOT] show that its last 5-days average volume of 1.39 million was inferior to 1.84 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 26.52%. Additionally, its Average True Range was 8.93.
During the past 100 days, Spotify Technology S.A’s (SPOT) raw stochastic average was set at 86.65%, which indicates a significant increase from 52.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.17% in the past 14 days, which was lower than the 30.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $363.09, while its 200-day Moving Average is $308.12. Now, the first resistance to watch is $385.01. This is followed by the second major resistance level at $387.38. The third major resistance level sits at $390.70. If the price goes on to break the first support level at $379.32, it is likely to go to the next support level at $376.00. Assuming the price breaks the second support level, the third support level stands at $373.63.
Spotify Technology S.A (NYSE: SPOT) Key Stats
There are 199,054K outstanding shares of the company, which has a market capitalization of 74.99 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.
