While Spotify Technology S.A has underperformed by -2.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SPOT rose by 131.68%, with highs and lows ranging from $652.63 to $249.38, whereas the simple moving average jumped by 47.35% in the last 200 days.
On February 05, 2025, Rosenblatt Downgraded Spotify Technology S.A (NYSE: SPOT) to Neutral. A report published by Wolfe Research on January 17, 2025, Downgraded its rating to ‘Peer Perform’ for SPOT. Pivotal Research Group also reiterated SPOT shares as ‘Buy’, quoting a target price of $565 on the company’s shares in a report dated November 13, 2024. Pivotal Research Group Reiterated the rating as Buy on September 19, 2024, but set its price target from $460 to $510. Cantor Fitzgerald initiated its ‘Neutral’ rating for SPOT, as published in its report on September 05, 2024. Goldman’s report from July 24, 2024 suggests a price prediction of $425 for SPOT shares, giving the stock a ‘Buy’ rating. DZ Bank also rated the stock as ‘Buy’.
Analysis of Spotify Technology S.A (SPOT)
Further, the quarter-over-quarter increase in sales is 14.62%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Spotify Technology S.A’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 28.91% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SPOT is recording an average volume of 1.99M. On a monthly basis, the volatility of the stock is set at 3.55%, whereas on a weekly basis, it is put at 4.35%, with a loss of -7.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $670.69, showing growth from the present price of $590.76, which can serve as yet another indication of whether SPOT is worth investing in or should be passed over.
How Do You Analyze Spotify Technology S.A Shares?
A leading company in the Internet Content & Information sector, Spotify Technology S.A (SPOT) is based in the Luxembourg. When comparing Spotify Technology S.A shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 98.63, there is a growth in quarterly earnings of 603.01%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.07%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SPOT shares are owned by institutional investors to the tune of 66.97% at present.
