GOOGL vs. SPOT: Stock Price, Market Cap, and Analysis
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GOOGL and SPOT, two notable companies in the Internet Software/Services industry, have distinct differences in their financial analytics. Let's delve into a comparative analysis of their long-term and short-term outlooks, as well as their recent price growth.
In terms of market capitalization, GOOGL holds a significant advantage over SPOT. With a market capitalization of $1.59 trillion, GOOGL dominates the industry, while SPOT's market capitalization stands at $29.07 billion. Comparatively, the average market capitalization in the Internet Software/Services industry is $45.14 billion, indicating the vast range of valuations within the sector.
When considering the long-term prospects of the companies, it is crucial to analyze their Fundamental Analysis (FA) ratings. GOOGL exhibits a favorable FA Score, with three green (undervalued) FA ratings and two red (overvalued) FA ratings. On the other hand, SPOT's FA Score shows no green FA ratings, indicating a lack of undervaluation. Based on this assessment, GOOGL seems to be a more promising long-term investment option compared to SPOT.
For short-term analysis, Technical Analysis (TA) indicators provide insights into the immediate outlook of the companies. GOOGL's TA Score indicates five bullish TA indicators and four bearish TA indicators. In contrast, SPOT shows three bullish TA indicators and five bearish TA indicators. According to the system of comparison, GOOGL appears to be a more favorable short-term investment choice compared to SPOT.
Examining the recent price growth, GOOGL experienced a 1.51% increase, while SPOT's price rose by 0.59% during the same period. Comparatively, the average weekly price growth for the Internet Software/Services industry was 0.38%. The industry also saw an average monthly price growth of 0.28% and an average quarterly price growth of 6.39%. These figures provide a context for assessing the performance of GOOGL and SPOT within their industry.
Lastly, it is worth noting the reported earning dates for both companies. GOOGL is expected to report earnings on July 25, 2023, while SPOT is scheduled to report earnings on July 26, 2023. Investors should keep an eye on these dates as they can significantly impact the market sentiment and stock prices of the respective companies.
Momentum Indicator for SPOT turns positive, indicating new upward trend
SPOT saw its Momentum Indicator move above the 0 level on October 25, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPOT advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 307 cases where SPOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SPOT moved out of overbought territory on September 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where SPOT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPOT turned negative on October 07, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPOT broke above its upper Bollinger Band on October 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SPOT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (19.380) is normal, around the industry mean (10.901). P/E Ratio (0.000) is within average values for comparable stocks, (50.708). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.627) is also within normal values, averaging (19.253).
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a music platform
Industry InternetSoftwareServices