Spotify Technology S.A [SPOT] stock prices are down -4.02% to $458.32 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPOT shares have gain 14.39% over the last week, with a monthly amount glided 24.97%, 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 November 13, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $565 from $510. Previously, Pivotal Research Group reaffirmed its Buy rating on September 19, 2024, and elevated its price target to $510. On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $340 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $425 on July 24, 2024. DZ Bank upgraded its rating to a Buy but $375 remained the price target by the analyst firm on July 24, 2024. Pivotal Research Group reiterated a Buy rating for this stock on July 24, 2024, and upped its price target to $460. In a note dated July 12, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $390 on this stock.
The stock price of Spotify Technology S.A [SPOT] has been fluctuating between $170.62 and $489.69 over the past year. Currently, Wall Street analysts expect the stock to reach $317.84 within the next 12 months. Spotify Technology S.A [NYSE: SPOT] shares were valued at $458.32 at the most recent close of the market. An investor can expect a potential drop of -30.65% based on the average SPOT price forecast.
Analyzing the SPOT fundamentals
The Spotify Technology S.A [NYSE:SPOT] reported sales of 16.37B for trailing twelve months, representing a surge of 19.97%. 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 452.57 points at the first support level, and at 446.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 469.03, and for the 2nd resistance point, it is at 479.75.
Ratios To Look Out For
It’s worth pointing out that Spotify Technology S.A [NYSE:SPOT]’s Current Ratio is 1.71. Also, the Quick Ratio is 1.71, while the Cash Ratio stands at 1.0. Considering the valuation of this stock, the price to sales ratio is 5.27, the price to book ratio is 17.91 and price to earnings (TTM) ratio is 124.29.
Transactions by insiders
Recent insider trading involved Daniel Ek, Director and Chief Executive O, that happened on Nov 15 ’24 when 75000.0 shares were purchased. Director, STAGGS THOMAS O completed a deal on Nov 14 ’24 to buy 7959.0 shares. Meanwhile, Director Sutphen Mona bought 6696.0 shares on Nov 14 ’24.
