At the time of writing, Spotify Technology S.A. [SPOT] stock is trading at $360.22, up 4.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPOT shares have gain 6.73% over the last week, with a monthly amount glided 4.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Spotify Technology S.A. [NYSE: SPOT] stock has seen the most recent analyst activity on September 19, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $510 from $460. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $340. On July 24, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $425 on the stock. DZ Bank upgraded its rating to a Buy but stick to its price target of $375 on July 24, 2024. Pivotal Research Group reiterated its recommendation of a Buy and raised its price target to $460 on July 24, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 12, 2024, and assigned it a price target of $390.
For the past year, the stock price of Spotify Technology S.A. fluctuated between $145.76 and $359.38. Currently, Wall Street analysts expect the stock to reach $281.52 within the next 12 months. Spotify Technology S.A. [NYSE: SPOT] shares were valued at $360.22 at the most recent close of the market. An investor can expect a potential drop of -21.85% based on the average SPOT price forecast.
Analyzing the SPOT fundamentals
According to Spotify Technology S.A. [NYSE:SPOT], the company’s sales were 15.64B for trailing twelve months, which represents an 18.53% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 350.02 points at the first support level, and at 339.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 369.35, and for the 2nd resistance point, it is at 378.49.
Ratios To Look Out For
It is important to note that Spotify Technology S.A. [NYSE:SPOT] has a current ratio of 1.56. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 4.50, the price to book ratio is 15.85 and price to earnings (TTM) ratio is 146.69.
Transactions by insiders
Recent insider trading involved THEODORE SARANDOS, Director, that happened on Sep 12 ’24 when 17710.0 shares were purchased. Director, Marshall Christopher P completed a deal on Aug 21 ’24 to buy 10000.0 shares. Meanwhile, Director Sutphen Mona bought 6106.0 shares on Aug 09 ’24.
