A share price of Spotify Technology S.A [SPOT] is currently trading at $479.73, up 3.41%. 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 7.23% over the last week, with a monthly amount drifted -3.79%, and not seem to be holding up well over a long-time horizon.
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.
Spotify Technology S.A experienced fluctuations in its stock price throughout the past year between $191.88 and $506.47. Currently, Wall Street analysts expect the stock to reach $437.87 within the next 12 months. Spotify Technology S.A [NYSE: SPOT] shares were valued at $479.73 at the most recent close of the market. An investor can expect a potential drop of -8.73% based on the average SPOT price forecast.
Analyzing the SPOT fundamentals
Trailing Twelve Months sales for Spotify Technology S.A [NYSE:SPOT] were 16.37B which represents 19.97% growth. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.19 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 466.42 points at the first support level, and at 453.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 487.55, and for the 2nd resistance point, it is at 495.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Spotify Technology S.A [NYSE:SPOT] is 1.71. Also, the Quick Ratio is 1.71, while the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 5.74, the price to book ratio is 18.75 and price to earnings (TTM) ratio is 130.10.
Transactions by insiders
Recent insider trading involved Daniel Ek, Director and Chief Executive O, that happened on Jan 08 ’25 when 60000.0 shares were purchased. Director and Chief Executive O, Daniel Ek completed a deal on Dec 23 ’24 to buy 60000.0 shares. Meanwhile, Director McCARTHY BARRY bought 21000.0 shares on Dec 12 ’24.
