The equity's Schaeffer's Volatility Index (SVI) of 36% sits in the relatively low 13th percentile of its annual range, suggesting it sports attractively priced premiums. Now may be a great opportunity to weigh on the security's next move with options. This means short-term options traders have rarely been more put-biased. This is per Spotify Technology stock's Schaeffer's put/call open interest ratio (SOIR) of 1.10, which sits higher than 78% of readings from the past year. Spotify increased its fiscal 2021 revenue forecast from 10.17 billion to 10.46 billion. There are several reasons for the jump: Rosenblatt Securities increased Spotify’s price target from 190 to 275 per share. That gives it a trailing price-to-sales ratio ( P/S) of approximately 5 based on its 10.8 billion in trailing-12-month. Updated: Spotify stock jumped nearly 3.5 in pre-market trading to 2.32. After this week's gains, Spotify has a market cap of close to 55 billion.
The Company enables users to discover new releases, which includes the latest singles and albums playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized. We think the stock is severely undervalued. Spotify Stock Jumps on Kardashian and Superhero News. Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The options pits are far less optimistic, with puts popular. In our opinion, Spotify could become the Google GOOGL of audiobut Wall Street has been slow to see this disruption coming. This stock sale would have banked anywhere between 1.29 billion and 1.81 billion for Tiger. Of the 16 analysts in question, 11 sport a "buy" or better rating, while the remaining five carry a tepid "hold." Meanwhile, the security's 12-month consensus target price of $304.82 is a 33.4% premium to current levels, indicating SPOT could be overdue for a round of bear notes. Year-to-date, Spotify Technology stock remains down 27.4%ĭespite this recent price action, the brokerage bunch is optimistic towards SPOT. Learn about the 5 main steps of buying Spotify shares (SPOT) and get to know the best brokers youll need on your journey as well as the risks involved. The shares have recently found a floor at the $225 level, though, after bouncing off an Aug. The equity has faced bouts of volatility since its Feb.
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Use the PitchBook Platform to explore the full profile. The initiative seeks to expand the company's usual focus by targeting small- and medium-sized businesses. Information on stock, financials, earnings, subsidiaries, investors, and executives for Spotify. Spotify Technology SA (NYSE:SPOT) is down 1.9% at $228.49 this afternoon, despite the music streaming name announcing a global campaign designed to boost advertising sales.
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