We're taking a closer look at Spotify Technology today, as the chatter surrounding the stock has increased notably in the last few weeks. Today, its shares moved 5.7% compared to 1.0% for the S&P 500. Increased investor interest and volatility surrounding the stock are not reason enough to buy in -- you should first perform your own due diligence. Here are some figures that can get you started:
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Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
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Spotify Technology has moved 93.5% over the last year compared to 20.3% for the S&P 500 -- a difference of 73.3%
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SPOT has an average analyst rating of buy and is -9.67% away from its mean target price of $733.74 per share
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Its trailing 12 month earnings per share (EPS) is $4.39
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Spotify Technology has a trailing 12 month Price to Earnings (P/E) ratio of 151.0 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $8.91 and its forward P/E ratio is 74.4
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The company has a Price to Book (P/B) ratio of 20.58 in contrast to the S&P 500's average ratio of 4.74
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Spotify Technology is part of the Consumer Discretionary sector, which has an average P/E ratio of 20.93 and an average P/B of 2.93
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Spotify Technology has on average reported free cash flows of $703.33 Million over the last four years, during which time they have grown by an an average of 32.1%