A new trading day began on Monday, with Spotify Technology S.A (NYSE: SPOT) stock price down -3.23% from the previous day of trading, before settling in for the closing price of $498.63. SPOT’s price has ranged from $185.37 to $506.47 over the past 52 weeks.
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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%. Meanwhile, its annual earnings per share averaged 313.58%. With a float of $141.77 million, this company’s outstanding shares have now reached $202.08 million.
In terms of profitability, gross margin is 28.57%, operating margin of 5.38%, and the pretax margin is 4.71%.
Spotify Technology S.A (SPOT) Insider and Institutional Ownership
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 27.58%, while institutional ownership is 64.32%. The most recent insider transaction that took place on Dec 04 ’24, was worth 5,217,230. Before that another transaction happened on Dec 04 ’24, when Company’s Director and Chief Executive O proposed sale 75,000 for $493.32, making the entire transaction worth $36,999,000.
Spotify Technology S.A (SPOT) Latest Financial update
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 313.58% 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 1.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.78. Likewise, its price to free cash flow for the trailing twelve months is 47.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.69, a number that is poised to hit 2.13 in the next quarter and is forecasted to reach 9.61 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 2.33 million was superior to 2.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 58.62%. Additionally, its Average True Range was 13.62.
During the past 100 days, Spotify Technology S.A’s (SPOT) raw stochastic average was set at 88.93%, which indicates a significant increase from 57.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.31% in the past 14 days, which was lower than the 35.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $416.17, while its 200-day Moving Average is $334.63. Now, the first resistance to watch is $492.68. This is followed by the second major resistance level at $502.84. The third major resistance level sits at $508.68. If the price goes on to break the first support level at $476.68, it is likely to go to the next support level at $470.84. The third support level lies at $460.68 if the price breaches the second support level.
Spotify Technology S.A (NYSE: SPOT) Key Stats
With a market capitalization of 94.57 billion, the company has a total of 199,054K Shares Outstanding. Currently, annual sales are 14,337 M while annual income is -575,780 K. The company’s previous quarter sales were 4,385 M while its latest quarter income was 329,880 K.
