Spotify Technology S.A (NYSE: SPOT) is 22.97% higher on its value in year-to-date trading and has touched a low of $213.31 and a high of $543.86 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 $538.83 in the last trading session, with the day’s gains setting it 11.3%.
Currently trading at $550.13, the stock is 12.74% and 14.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 2.10% at the moment leaves the stock 48.65% off its SMA200. SPOT registered 151.65% gain for a year compared to 6-month gain of 66.53%. The firm has a 50-day simple moving average (SMA 50) of $477.1782 and a 200-day simple moving average (SMA200) of $368.83865.
The stock witnessed a 20.52% loss in the last 1 month and extending the period to 3 months gives it a 43.13%, and is 9.70% 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 3.83% over the week and 3.37% over the month.
Current P/E ratio is 149.19 and Fwd P/E is 57.65. Profit margin for the company is 4.66%. Distance from 52-week low is 157.90% and 1.15% from its 52-week high. The company has generated returns on investments over the last 12 months (10.65%).
with sales reaching $4.15B over the same period.The EPS is expected to grow by 312.62% this year, but quarterly earnings will post 17.69% year-over-year. Quarterly sales are estimated to grow 13.15% in year-over-year returns.
The shares outstanding are 202.08M, and float is at 141.76M with Short Float at 4.69%.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 16.1 million shares valued at $5.05 billion. The investor’s holdings represent 8.1323 of the SPOT Shares outstanding. As of 2024-06-30, the second largest holder is AUSTIN PRIVATE WEALTH, LLC with 12.0 million shares valued at $377.0 to account for 6.0598 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 8.24 million shares representing 4.159 and valued at over $2.58 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 2.8195 of the shares totaling 5.58 million with a market value of $1.75 billion.
Spotify Technology S.A (SPOT) Insider Activity
Still, SEC filings show that on Dec 23 ’24, Daniel Ek (Director and Chief Executive O) Proposed Sale 60,000 shares at an average price of $462.00 for $27.72 million. The insider now directly holds shares of Spotify Technology S.A (SPOT).
