Spotify Technology S.A. [SPOT] stock is trading at $394.02, up 0.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPOT shares have gain 3.73% over the last week, with a monthly amount glided 4.96%, 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.
Spotify Technology S.A. [SPOT] stock has fluctuated between $159.75 and $397.20 over the past year. Currently, Wall Street analysts expect the stock to reach $299.06 within the next 12 months. Spotify Technology S.A. [NYSE: SPOT] shares were valued at $394.02 at the most recent close of the market. An investor can expect a potential drop of -24.1% based on the average SPOT price forecast.
Analyzing the SPOT fundamentals
Spotify Technology S.A. [NYSE:SPOT] reported sales of 15.64B for the trailing twelve months, which represents a growth of 18.53%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 390.21 points at the first support level, and at 386.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 396.75, and for the 2nd resistance point, it is at 399.49.
Ratios To Look Out For
For context, Spotify Technology S.A.’s Current Ratio is 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 4.94, the price to book ratio is 17.33 and price to earnings (TTM) ratio is 160.46.
Transactions by insiders
Recent insider trading involved SHISHIR MEHROTRA, Director, that happened on Oct 29 ’24 when 1231.0 shares were purchased. Director, THEODORE SARANDOS completed a deal on Sep 12 ’24 to buy 17710.0 shares. Meanwhile, Director Marshall Christopher P bought 10000.0 shares on Aug 21 ’24.
