Description
**Spotify (SPOT) Analysis:**
1. **Current Price and Intraday Trading Range:**
- The current price of Spotify (SPOT) is $410.19[2], with a recent intraday trading range of $377.11 to $383.75[3].
2. **Pre-market and After-hours Movement:**
- The stock showed a 0.12% increase in after-hours trading on November 8, 2024, reaching $401.15[1].
3. **Trading Volume vs Average:**
- Recent trading volumes have been moderate, with 1,234,516 shares traded on November 4, 2024, and 1,545,196 shares on November 1, 2024[3].
4. **Recent News or Announcements:**
- No significant news or announcements have been reported in the last 24 hours.
5. **Major Analyst Updates or Price Target Changes:**
- The average price target offered by analysts is $403.65 for the next year[2].
6. **Options Flow Activity:**
- No specific options flow activity has been reported recently.
7. **Related Sector News:**
- There is no direct semiconductor/AI sector news affecting Spotify in the recent reports.
8. **Key Technical Indicators:**
- **Price to Sales Ratio:** Expected to drop to 2.37 in 2024[3].
- **Price Earnings Ratio:** Expected to drop to -65.34 in 2024[3].
- **AI Score:** 0/10 (Sell rating) with a -1.00% probability advantage of beating the market in the next 3 months[2].
- **Short Ratio:** 1.14%, indicating low short interest[2].
- **Price Action Indicator:** -6.08, suggesting a bearish trend[3].
**Market Sentiment:**
- The overall market sentiment for Spotify is bearish, with a sell rating and a negative probability advantage of beating the market in the next 3 months. The stock's recent price movements and technical indicators suggest caution for investors.
Spotify Stock Maintains Strong Position Following Recent Market Cap Milestone
In recent trading, Spotify Technology SA (SPOT) continues to demonstrate resilience, with shares trading at $470.70 as of yesterday's close. The streaming giant's stock has maintained its upward momentum, reflecting...
Published 11/22/24
Spotify Stock Sees Mixed Trading Following Record-Breaking Week
Spotify Technology (SPOT) shares continue to show volatility in Wednesday morning trading, as investors digest the stock's recent surge to near all-time highs. The streaming giant's shares are currently trading at $458.32, down...
Published 11/20/24