Spotify Technology S.A. (NYSE:SPOT)
Spotify Technology S.A. (NYSE:SPOT), ended its previous trading session at $347.01 showing a gain of 2.94 or 0.85 percent with respect to the price of $344.07 when stock market opened. The company traded 827998 shares over the course of the trading day. Giving the average volume of 1.55 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 188.84 Million.
Spotify Technology S.A. (NYSE:SPOT) is currently trading Higher than its price target which is set to $281.65 by the analyst. The stock is -2.14% Below its 1-Year High which is $354.60. SPOT has a difference of 217.83% from its 1 year low which stands at $109.18. The company is currently rated by analyst who are keeping a close eye on the stock as 2.6. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.
Spotify Technology S.A. (NYSE:SPOT) Performance Snapshot
The stock performed exceptionally good in the previous week which depicts an increase of 10.61 percent in the shares price. The company added about 1.08% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 130.01 Percent. SPOT currently shows 10.28% as its year to date performance.
Spotify Technology S.A. (NYSE:SPOT) Price Insight
The stock needs to grow about $-65.36 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 6.52%, 17.32% and 45.42 percent respectively. The stock trades about 3.15 percent of its Float giving its total shares Outstanding are 188.84 Million. SPOT gained about 32.04 percent in 6 months showing its Average True Range of 14.42. The company currently has a RSI and Beta of 63.1 and 0.
While talking about Spotify Technology S.A. (NYSE:SPOT) valuation ratios, the stock trades with a P/S and P/B of 6.57 and 21.66 which is significantly better and attractive as compared to its peers.
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