A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Spotify Technology S.A’s current trading price is 0.67% away from its 52-week high, while its distance from the 52-week low is 142.58%. The stock’s price range for this time frame has been between $164.83 and $397.20. The trading volume of the company’s shares in the Communication Services reached around 2.69 million for the day, which was evidently higher than the average daily volume of 1.42 million over the last three months.
The market performance of Spotify Technology S.A has been somewhat stable. Over the past year, the company’s stock achieved a high of $397.20 on 11/07/24, with the lowest value for the same timeframe being $164.83, recorded on 11/08/23.
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How Financial Performance Impacts Market Capitalization
Spotify Technology S.A (SPOT) has experienced a quarterly rise of 17.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 78.37B.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 344.16, with a change in price of +88.62. Similarly, Spotify Technology S.A recorded 1,671,415 in trading volume during the last 100 days, posting a change of +28.48%.
How SPOT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
Spotify Technology S.A’s raw stochastic average for the past 50 days is currently at 95.37%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 90.08%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 75.85% and 62.91%, respectively.
SPOT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price increase of 112.78%. However, over the past six months, we’ve seen a weaker performance of 33.88%. The price of SPOT fallen by 6.91% over the last 30 days. And in the last five days, it has surged by 3.83%.
