Spotify’s Recent Stock Performance
Spotify (NYSE:SPOT), a leading music streaming company, has experienced significant price fluctuations over the past year. The company’s stock price reached a 52-week high of $623.4 on February 13, but subsequently declined to a 52-week low of $264.05 on July 18, before recovering to its current price of $588.6.
Key Financial Metrics
- Price-to-earnings ratio: 111.33
- Price-to-book ratio: 20.45
These metrics provide a snapshot of Spotify’s valuation, but do not necessarily predict future price movements.