Spotify Technology S.A (NYSE:SPOT) shares, rose in value, with the stock price up by 0.99% to the previous day’s close as strong demand from buyers drove the stock to $582.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $576.35, falling within a range of $562.6 and $584.878. The value of beta (5-year monthly) is 1.667 whereas the PE ratio is 97.18 over 12-month period. Referring to stock’s 52-week performance, its high was $652.63, and the low was $257.56. On the whole, SPOT has fluctuated by -3.49% over the past month.
With the market capitalization of Spotify Technology S.A currently standing at about $116.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.17B, with a low estimate of 4.16B and a high estimate of 4.29B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.21B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPOT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.15, with the price of SPOT currently trading nearly 1.87% and 1.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.89, while the 7-day volatility ratio is showing 3.62% which for the 30-day chart, stands at 5.13%. Furthermore, Spotify Technology S.A (SPOT)’s beta value is 1.75, and its average true range (ATR) is 28.28.
A comparison of Spotify Technology S.A (SPOT) with its peers suggests the former has fared considerably weaker in the market. SPOT showed an intraday change of 0.99% in today’s session so far, and over the past year, it grew by 122.23%%.
Data on historical trading for Spotify Technology S.A (NYSE:SPOT) indicates that the trading volumes over the past 10 days have averaged 2.45 and over the past 3 months, they’ve averaged 2.30 million. According to company’s latest data on outstanding shares, there are 203.84 million shares outstanding.
Nearly 25.24% of Spotify Technology S.A’s shares belong to company insiders and institutional investors own 67.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.89 million shares as on 2025-03-14, resulting in a short ratio of 2.49. According to the data, the short interest in Spotify Technology S.A (SPOT) stood at 445.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.98 million. The stock has risen by 30.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPOT stock heading into the next quarter.
