$2.55M in average volume shows that Spotify Technology S.A (SPOT) is heading in the right direction

Spotify Technology S.A (NYSE: SPOT) kicked off on Friday, up 2.44% from the previous trading day, before settling in for the closing price of $605.95. Over the past 52 weeks, SPOT has traded in a range of $271.65-$652.63.

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%. While this was happening, its average annual earnings per share was recorded 81.98%. With a float of $149.69 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

Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Spotify Technology S.A is 25.24%, while institutional ownership is 67.21%. The most recent insider transaction that took place on Apr 16 ’25, was worth 28,224,000. Before that another transaction happened on Apr 02 ’25, when Company’s Director and Chief Executive O proposed sale 50,000 for $551.73, making the entire transaction worth $27,586,500.

Spotify Technology S.A (SPOT) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.44 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 81.98% per share during the next fiscal year.

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

Take a look at Spotify Technology S.A’s (SPOT) current performance indicators. Last quarter, stock had a quick ratio of 1.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.35. Likewise, its price to free cash flow for the trailing twelve months is 51.01.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.99, a number that is poised to hit 2.50 in the next quarter and is forecasted to reach 14.83 in one year’s time.

Technical Analysis of Spotify Technology S.A (SPOT)

Compared to the last year’s volume of 2.38 million, its volume of 2.1 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.77%. Additionally, its Average True Range was 31.95.

During the past 100 days, Spotify Technology S.A’s (SPOT) raw stochastic average was set at 84.76%, which indicates a significant decrease from 97.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.98% in the past 14 days, which was lower than the 51.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $576.68, while its 200-day Moving Average is $452.20. Nevertheless, the first resistance level for the watch stands at $630.12 in the near term. At $639.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $654.94. If the price goes on to break the first support level at $605.30, it is likely to go to the next support level at $589.87. Should the price break the second support level, the third support level stands at $580.48.

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

The company with the Market Capitalisation of 124.63 billion has total of 204,707K Shares Outstanding. Its annual sales at the moment are 16,960 M in contrast with the sum of 1,231 M annual income. Company’s last quarter sales were recorded 4,527 M and last quarter income was 392,600 K.