Spotify Technology S.A saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $489.69 on 11/14/24, while the lowest price for the same duration was marked at $178.01 on 11/24/23.
52-week price history of SPOT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Spotify Technology S.A’s current trading price is -3.88% away from its 52-week high, while its distance from the 52-week low is 164.42%. The stock’s price range during the 52-week period has remained between $178.01 and $489.69. In the Communication Services sector, the company’s shares saw a trading volume of around 2.18 million for the day, which was evidently higher than the average daily volume of 1.84 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Spotify Technology S.A (SPOT) has experienced a quarterly rise of 37.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 92.25B.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 357.53, with a change in price of +155.15. Similarly, Spotify Technology S.A recorded 1,932,095 in trading volume during the last 100 days, posting a change of +49.17%.
Examining SPOT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SPOT stands at 0.39. Similarly, the long-term debt-to-equity ratio is also 0.39.
SPOT Stock Stochastic Average
Spotify Technology S.A’s raw stochastic average for the past 50 days is presently 87.55%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 83.30%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 81.08% and 76.74%, respectively.
SPOT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 150.49%.However, over the last six months, we can see a weaker performance of 56.63%. Over the last 30 days, the price of SPOT has fallen by 23.92%. And in the last five days, it has fallen by -1.42%.
