Recording artists like Neil Young and others have pulled their music from Spotify's streaming subscription service in protest over what they believe is misinformation regarding COVID-19 being discussed by guests on Rogan's podcast. SPOT Trading at -22.03% from the 50-Day Moving AverageĪfter a stumble in the market that brought SPOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.13% of loss for the given period.Joe Rogan's exclusive podcast on Spotify (NYSE: SPOT) has been getting a lot of attention lately, and not necessarily for good reasons. Raymond James gave a rating of “Outperform” to SPOT, setting the target price at $150 in the report published on June 06th of the current year. The rating they have provided for SPOT stocks is “Equal Weight” according to the report published on June 15th, 2022. Wells Fargo, on the other hand, stated in their research note that they expect to see SPOT reach a price target of $124, previously predicting the price at $101. Many brokerage firms have already submitted their reports for SPOT stocks, with Citigroup repeating the rating for SPOT by listing it as a “Buy.” The predicted price for SPOT in the upcoming period, according to Citigroup is $150 based on the research report published on July 07th of the current year 2022. The simple moving average for the period of the last 20 days is -12.10% for SPOT stocks with a simple moving average of -37.71% for the last 200 days. The volatility ratio for the week stands at 4.24% while the volatility levels for the past 30 days are set at 4.07% for Spotify Technology S.A. SPOT stocks went down by -13.21% for the week, with a monthly drop of -26.23% and a quarterly performance of -17.22%, while its annual performance rate touched -64.58%. Today, the average trading volume of SPOT was 1.53M shares.

SPOT currently public float of 140.67M and currently shorts hold a 3.57% ratio of that float.

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Spotify stock rating