• Spotify Stock Outlook: Bearish Trends and Cautionary Signals

  • Nov 14 2024
  • Length: 2 mins
  • Podcast

Spotify Stock Outlook: Bearish Trends and Cautionary Signals

Listen for free

View show details

  • Summary

  • **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.
    Show More Show Less
Show More Show Less

What listeners say about Spotify Stock Outlook: Bearish Trends and Cautionary Signals

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.