Spotify Technology S.A. (NYSE: SPOT) is 26.59% higher on its value in year-to-date trading and has touched a low of $69.29 and a high of $208.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPOT stock was last observed hovering at around $97.91 in the last trading session, with the day’s gains setting it 2.03%.
Currently trading at $99.94, the stock is 17.62% and 23.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.69 million and changing 2.07% at the moment leaves the stock 1.13% off its SMA200. SPOT registered -52.10% loss for a year compared to 6-month loss of -10.49%.
The stock witnessed a 30.62% gain in the last 1 month and extending the period to 3 months gives it a 13.90%, and is 8.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.28% over the week and 3.54% over the month.
Spotify Technology S.A. (SPOT) has around 6617 employees, a market worth around $18.45B and $12.18B in sales. Profit margin for the company is -1.80%. Distance from 52-week low is 44.24% and -52.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.80%).
The EPS is expected to grow by 94.30% this year.
Spotify Technology S.A. (SPOT) Top Institutional Holders
The shares outstanding are 193.08M, and float is at 141.62M with Short Float at 3.30%.
Spotify Technology S.A. (SPOT): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading -14.22% down over the past 12 months and Alphabet Inc. (GOOG) that is -24.19% lower over the same period. Alphabet Inc. (GOOGL) is -25.14% down on the 1-year trading charts.