Analysts assigned mean rating score of 1.90 for Spotify Technology S.A. (SPOT)

0
1

Services Stock of Wednesday Trading Session

Spotify Technology S.A. (SPOT) augmented 1.69% to strike $161.39 in the Wednesday trading session. 2.08 million shares changed at hands on last trading day versus to an average trading volume of 4.22 million shares in last 3 months. The relative volume of the stock is 0.48. Relative volume is an indicator that tells traders and investors how recent volume is compared to past trading volumes over a given period. This is something that investor look for in all the stocks in which investor is trading and this is an important indicator to keep tabs on.

Spotify Technology S.A. (SPOT) shares have been seen trading -5.75% off its 52 week- peak value and changed 19.10% from its 52 week-bottom price value. Its market capitalization is $27516.99. Market cap is just a fancy name for a straightforward concept: it is the market value of a company’s outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding. The classification of companies into different caps also allows investors to gauge the growth versus risk potential. Historically, large caps have experienced slower growth with lower risk. Meanwhile, small caps have experienced higher growth potential, but with higher risk.

What Analyst Suggest For Spotify Technology S.A. (SPOT)?

Analyst Recommendation is an outlook of a stock-market analyst on a stock. 3.0 disclose HOLD outlook and 4.0 reveals SELL opinion while 5.0 STRONG SELL picture about stock. 1.0 represents STRONG BUY signal and 2.0 conveys BUY view on stock. Analysts recommended an average rating score of 1.90 for this stock, according to data compiled by FINVIZ. A consensus recommendation for an individual stock compiles ratings from a number of analysts who track that stock. The recommendation is expressed as a mean of the separate recommendations. A consensus recommendation provides a snapshot of current thinking about a stock, so it can serve as a benchmark against which you can compare a single analyst’s opinion to gauge how mainstream it is.

Volatility Observation:

The stock price weekly volatility remained at 4.05% while volatility is standing at 3.69% for the month. Volatility refers to the amount of uncertainty or risk about the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here