$2.50M in average volume shows that Spotify Technology S.A (SPOT) is heading in the right direction

On Friday, Spotify Technology S.A (NYSE: SPOT) opened lower -1.69% from the last session, before settling in for the closing price of $553.02. Price fluctuations for SPOT have ranged from $267.76 to $652.63 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 17.66%. Company’s average yearly earnings per share was noted 80.84% at the time writing. With a float of $149.68 million, this company’s outstanding shares have now reached $203.84 million.

In terms of profitability, gross margin is 30.01%, operating margin of 8.71%, and the pretax margin is 8.56%.

Spotify Technology S.A (SPOT) Insider Activity

A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Spotify Technology S.A is 25.24%, while institutional ownership is 67.10%. The most recent insider transaction that took place on Apr 02 ’25, was worth 27,586,500. Before that another transaction happened on Mar 19 ’25, when Company’s Director and Chief Executive O proposed sale 50,000 for $569.48, making the entire transaction worth $28,474,000.

Spotify Technology S.A (SPOT) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.46 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 80.84% per share during the next fiscal year.

Spotify Technology S.A (NYSE: SPOT) Trading Performance Indicators

Check out the current performance indicators for Spotify Technology S.A (SPOT). In the past quarter, the stock posted a quick ratio of 1.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.42. Likewise, its price to free cash flow for the trailing twelve months is 44.55.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.99, a number that is poised to hit 2.39 in the next quarter and is forecasted to reach 14.65 in one year’s time.

Technical Analysis of Spotify Technology S.A (SPOT)

Compared to the last year’s volume of 2.43 million, its volume of 2.97 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.11%. Additionally, its Average True Range was 36.72.

During the past 100 days, Spotify Technology S.A’s (SPOT) raw stochastic average was set at 47.97%, which indicates a significant increase from 46.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.59% in the past 14 days, which was higher than the 50.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $582.04, while its 200-day Moving Average is $440.24. Nevertheless, the first resistance level for the watch stands at $559.83 in the near term. At $576.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $584.92. If the price goes on to break the first support level at $534.74, it is likely to go to the next support level at $525.83. Should the price break the second support level, the third support level stands at $509.65.

Spotify Technology S.A (NYSE: SPOT) Key Stats

There are currently 204,707K shares outstanding in the company with a market cap of 108.85 billion. Presently, the company’s annual sales total 16,960 M according to its annual income of 1,231 M. Last quarter, the company’s sales amounted to 4,527 M and its income totaled 392,600 K.