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. This year’s metric has recorded a Price increase of 156.18%. However, over the past six months, we’ve seen a weaker performance of 55.14%. The price of SPOT fallen by 26.96% over the last 30 days. And in the last five days, it has surged by 5.95%.
The market performance of Spotify Technology S.A’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $489.69 on 11/14/24, while the lowest value for the same duration was $178.73 on 12/01/23.
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52-week price history of SPOT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Spotify Technology S.A’s current trading price is -1.70% away from its 52-week high, while its distance from the 52-week low is 169.33%. The stock’s price range during this period has varied between$178.73 and $489.69. The Spotify Technology S.A’s shares, which operate in the Communication Services, saw a trading volume of around 27.68 million for the day, a figure considerably higher than their average daily volume of 1.85 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Spotify Technology S.A (SPOT) has experienced a quarterly rise of 41.80% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 95.22B.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 360.78, with a change in price of +164.53. Similarly, Spotify Technology S.A recorded 2,215,911 in trading volume during the last 100 days, posting a change of +51.93%.
SPOT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its 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
As of today, Spotify Technology S.A’s raw stochastic average for the last 50 days stands at 94.48%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 92.69%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 87.70% and 84.38%, respectively.
