How have the shares performed?
Spotify Technology S.A. (SPOT) saw downtrend of -1.98% in the recent trading with $237.70 being its most recent. The current price level -38.65% lower than the highest price of $387.44 marked by the stock while trading over the past 52-weeks, whereas it is 34.13% higher than the lowest price of $177.21 the company dropped to over past 52-weeks. The latest news story on SPOT appeared in Motley Fool under the title “Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought” on Jun-09-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -3.50% below one month high and is +12.60% above of the lowest during that time. Looking into the simple moving average, Spotify Technology S.A. (SPOT)’s stock stands at a SMA-50 of $253.62 while that of 5-day is reading $238.25.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SPOT’s SMA-200 as of now is $280.08.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 31 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.50 for the stock.
Spotify Technology S.A. Earnings – What Happened With SPOT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Spotify Technology S.A. (SPOT) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 37.50% for net revenue. During the reported three-month period, company’s sales were $2.59 billion while analysts on average were estimating the same to be $2.78 billion.
SPOT – Spotify Technology S.A. Stock Earnings Estimates
The perspective of Spotify Technology S.A. (NYSE:SPOT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.48 for stock’s EPS in the current quarter. 23 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.3.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 190.56 million. SPOT does have institutional investors; and they hold 60.60% of the stock.
Spotify Technology S.A. – Insider Activity and Holdings
As on Mar 30, 2021, Baillie Gifford and Company was the top most holder in Spotify Technology S.A. (NYSE:SPOT) with an ownership of 21.03 million shares of the company or 11.73% of the stake worth $5.63 billion. The filing also reveals Morgan Stanley as the second largest holder in the company with a control over 10.42% of the outstanding shares. Its stake is worth $5.0 billion for having 18.68 million shares in hand.
Price (T.Rowe) Associates Inc also came holding a key position in the company during the recent quarter and it now holds 7.25% of the outstanding shares. With this there are now 819 institutions which have possession in SPOT’s shares.
Currently, the stock has been recommended as Moderate Buy by 31 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.50 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Spotify Technology S.A. was 0.82 while posting a debt to equity ratio of 0.00. The count was 20.57 for long-term debt to equity ratio.
Spotify Technology S.A.’s return on equity, or ROE, is -21.00%, compared to the industry average of 3.65% for Communication Services – Internet Content & Information. Although this indicates that SPOT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Spotify Technology S.A. (NYSE:SPOT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Spotify Technology S.A. (SPOT), we notice that the stock’s 20-day average volume is at 1,267,265 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 1,548,500 shares. And to end, SPOT’s 100-day average volume is 1,637,755 shares with 50% of the long-term indicators pointing towards Sell for the stock.