In terms of market performance, Spotify Technology S.A. had a somewhat regular. The highest value for the stock in the past year was $359.38 on 09/19/24, while the lowest value was $145.76 on 10/20/23.
52-week price history of SPOT Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Spotify Technology S.A.’s current trading price is 1.89% away from its 52-week high, while its distance from the 52-week low is 151.21%. The stock’s price range during this period has fluctuated between $145.76 and $359.38. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 1.18 million for the day, which was evidently lower than the average daily volume of 1.76 million over the last three months.
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Financial Performance and Market Capitalization
Spotify Technology S.A. (SPOT) has experienced a quarterly rise of 16.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 71.63B.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 318.07, with a change in price of +76.77. Similarly, Spotify Technology S.A. recorded 1,648,929 in trading volume during the last 100 days, posting a change of +26.51%.
SPOT Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SPOT stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.42.
SPOT Stock Stochastic Average
The raw stochastic average for Spotify Technology S.A. over the last 50 days is presently at 98.98%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 98.32%. Further, the company’s Stochastic %K and %D values for the last 20 days were 83.95% and 74.00%, respectively.
SPOT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 94.86%.However, over the last six months, we can see a weaker performance of 39.91%. Over the last 30 days, the price of SPOT has fallen by 5.74%. And in the last five days, it has surged by 8.49%.
