Previous close | 4,885.05 |
Open | 4,984.00 |
Bid | 4,930.01 x 0 |
Ask | 5,122.09 x 0 |
Day's range | 4,984.00 - 4,984.00 |
52-week range | 2,300.00 - 5,408.00 |
Volume | |
Avg. volume | 77 |
Market cap | 910.029B |
Beta (5Y monthly) | 1.61 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
According to the average brokerage recommendation (ABR), one should invest in Spotify (SPOT). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
(Reuters) -China's Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday, helped by strong growth in paid subscriptions and advertising services on its Spotify-like music streaming platform. Tencent Music's shares rose over 8% in morning trade in New York after the company said the number of its paying users rose 20.2% to 113.5 million from a year earlier,marking a record quarterly growth for this metric. This marks the third straight quarter that Tencent Music has suffered a revenue decline.
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.