In yesterday’s Wall Street session, Spotify Technology S.A (NYSE:SPOT) shares traded at $626.00, up 0.68% from the previous session.
SPOT stock price is now 28.12% away from the 50-day moving average and 66.51% away from the 200-day moving average. The market capitalization of the company currently stands at $122.69B.
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, while ‘Pivotal Research Group’ rates the stock as ‘Buy’
In other news, Sutphen Mona, Director bought 3,031 shares of the company’s stock on Feb 05 ’25. The stock was bought for $1,889,265 at an average price of $623.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’25, Officer Mothner Eve bought 1,019 shares of the business’s stock. A total of $631,909 was incurred on buying the stock at an average price of $620.13. A total of 27.60% of the company’s stock is owned by insiders.
During the past 12 months, Spotify Technology S.A has had a low of $219.36 and a high of $623.40. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.71, and a quick ratio of 1.71. The fifty day moving average price for SPOT is $485.4886 and a two-hundred day moving average price translates $374.27316 for the stock.
The latest earnings results from Spotify Technology S.A (NYSE: SPOT) was released for 2024-09-30. The net profit margin was 4.66% and return on equity was 20.53% for SPOT. The company reported revenue of $4.39 billion for the quarter, compared to $3.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.02 percent. For the current quarter, analysts expect SPOT to generate $4.21B in revenue.
