Large-cap Consumer Discretionary company Spotify Technology has moved -2.5% so far today on a volume of 2,482,370, compared to its average of 1,973,046. In contrast, the S&P 500 index moved -0.0%.
Spotify Technology trades -19.94% away from its average analyst target price of $172.83 per share. The 29 analysts following the stock have set target prices ranging from $109.65 to $251.48, and on average have given Spotify Technology a rating of buy.
If you are considering an investment in SPOT, you'll want to know the following:
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Spotify Technology has moved 20.0% over the last year, and the S&P 500 logged a change of 10.0%
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Based on its trailing earnings per share of -4.1, Spotify Technology has a trailing 12 month Price to Earnings (P/E) ratio of -33.7 while the S&P 500 average is 15.97
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SPOT has a forward P/E ratio of 288.3 based on its forward 12 month price to earnings (EPS) of $0.48 per share
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The company has a price to earnings growth (PEG) ratio of 0.21 — a number near or below 1 signifying that Spotify Technology is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 13.11 compared to its sector average of 3.12
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Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide.
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Based in Luxembourg City, the company has 8,359 full time employees and a market cap of $26.76 Billion.