The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Spotify Technology S.A’s current trading price is -4.37% away from its 52-week high, while its distance from the 52-week low is 152.43%. The stock’s price range for this period has been between $191.88 and $506.47 The company’s shares, which are part of the Communication Services sector, had a trading volume of approximately 0.74 million for the day, a number notably lower than the average daily volume of 2.53 million over the last three months.
Spotify Technology S.A experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $506.47 on 12/04/24, while the lowest price for the same period was registered at $191.88 on 01/18/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Spotify Technology S.A (SPOT) has experienced a quarterly rise of 30.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 94.93B.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 412.57, with a change in price of +138.43. Similarly, Spotify Technology S.A recorded 2,078,017 in trading volume during the last 100 days, posting a change of +40.42%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Spotify Technology S.A’s raw stochastic average for the past 50 days is presently 80.41%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 65.85%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 81.70% and 71.06%, 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. The index has shown a price gain of 8.27% this year. Over the last six months, there has been a weaker performance of 66.93%. The price of SPOT leaped by -0.11% during the last 30 days period. For the last 5-days stocks have improved 5.40%.
