Spotify Technology S.A (NYSE: SPOT) on Friday, plunged -4.02% from the previous trading day, before settling in for the closing price of $477.50. Within the past 52 weeks, SPOT’s price has moved between $170.62 and $489.69.
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A company in the Communication Services sector has jumped its sales by 18.39% annually for the last half of the decade. The company achieved an average annual earnings per share of 315.82%. With a float of $141.77 million, this company’s outstanding shares have now reached $197.14 million.
In terms of profitability, gross margin is 27.37%, operating margin of 2.7%, and the pretax margin is 2.67%.
Spotify Technology S.A (SPOT) Insider and Institutional Ownership
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 64.16%. The most recent insider transaction that took place on Nov 15 ’24, was worth 35,812,500. Before that another transaction happened on Nov 14 ’24, when Company’s Director proposed sale 7,959 for $481.66, making the entire transaction worth $3,833,545.
Spotify Technology S.A (SPOT) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.36 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.26) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 315.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 46.00% 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 1.71 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 5.27. Likewise, its price to free cash flow for the trailing twelve months is 43.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.69, a number that is poised to hit 2.15 in the next quarter and is forecasted to reach 9.66 in one year’s time.
Technical Analysis of Spotify Technology S.A (SPOT)
Let’s dig in a bit further. During the last 5-days, its volume was 6.0 million. That was better than the volume of 1.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.29%. Additionally, its Average True Range was 14.11.
During the past 100 days, Spotify Technology S.A’s (SPOT) raw stochastic average was set at 84.44%, which indicates a significant increase from 72.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.43% in the past 14 days, which was higher than the 35.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $378.18, while its 200-day Moving Average is $316.66. However, in the short run, Spotify Technology S.A’s stock first resistance to watch stands at $469.03. Second resistance stands at $479.75. The third major resistance level sits at $485.49. If the price goes on to break the first support level at $452.57, it is likely to go to the next support level at $446.83. The third support level lies at $436.11 if the price breaches the second support level.
Spotify Technology S.A (NYSE: SPOT) Key Stats
Market capitalization of the company is 86.22 billion based on 199,054K 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.
