SPOT April 3, 2024: Breaking into New HighOn April 3, 2024, NYSE:SPOT broke out into new high which provide an entry opportunity.
−2.70EUR
−521.10 MEUR
12.98 BEUR
138.81 M
About SPOTIFY TECHNOLOGY S.A.
Sector
Industry
CEO
Daniel Ek
Website
Headquarters
Luxembourg
Founded
2007
ISIN
LU1778762911
FIGI
BBG00KBGHTY8
Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with online and offline streaming access of music and podcasts on computers, tablets, and mobile devices. The Ad-Supported segment offers users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. The company was founded by Daniel Ek and Martin Lorentzon on December 27, 2006 and is headquartered in Luxembourg.
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t bought SPOT inside the Buy Area:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 220usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of
Spotify Surges 14% As it Tops Earnings Target In First QuarterSpotify Technology ( NYSE:SPOT ), the foremost music streaming service, has reported an improvement in profitability for the first quarter of the year. During the March quarter, the company added 3 million premium subscribers, bringing the total number of paying subscribers to 239 million globally,
They Have Some Large Shoes To Fill...After a 350% run to the up side from the October 2022 lows, Spotify has rocketed off of unprofitability and hopes to be profitable.
Last quarter it has a expected .674 earnings per share and a revenue estimate of 3.895 B.
Even if this stock beats both (somehow) it still needs to show a crazy guida
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t entered SPOT in the buy area:
nor before the previous earnings:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 270usd strike price Calls with
an expiration date of 2024-5-17,
SPOT Don’t short this yet! Falling wedge into earnings right below monthly fib levels. Earning may push this higher where institutions may be looking to liquidate their warehouses.
Spotify Shares Surge: As it Plans to Increase Premium PriceSpotify (NYSE: NYSE:SPOT ) has announced plans to raise prices for its premium subscription service in multiple markets, including the United States. The news sent Spotify shares soaring by 6% on Wednesday, following reports from Bloomberg.
According to sources familiar with the matter cited by Bl
Spotify 20-29 Mar 24 TA/TC3/19/24
Price: 252.76
Analysis:
Trend Analysis:
Declining momentum, expecting bulls to fight to (+0.4%) - (+0.6%), expecting incline to continue to +2.3% thereafter, may see stagflation after... expecting total deviation of 3.1% TP @262.65 followed by +0.8% inclined TP @262.65 before significant
SPOT.NYSE Spotify -11% Correction Expected.Spotify -11% Correction Expected as shown on the Chart.
Not bad after a +100% Run.
Use to set your stop loss as desired.
I'm not going to give a Long or Short position, as if you got in early - will be in comfortable Profit.
As always, please get a few outside Expert's Advice before taking Trade
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Frequently Asked Questions
The current price of 639 is 290.65 EUR — it has increased by 14.36% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on XETR exchange SPOTIFY TECHNOLOGY S.A. stocks are traded under the ticker 639.
SPOTIFY TECHNOLOGY S.A. is going to release the next earnings report on Jul 24, 2024. Keep track of upcoming events with our Earnings Calendar.
639 stock is 20.71% volatile and has beta coefficient of 1.13. Check out the list of the most volatile stocks — is SPOTIFY TECHNOLOGY S.A. there?
639 earnings for the last quarter are −0.36 EUR per share, whereas the estimation was −0.37 EUR resulting in a 3.52% surprise. The estimated earnings for the next quarter are 0.62 EUR per share. See more details about SPOTIFY TECHNOLOGY S.A. earnings.
SPOTIFY TECHNOLOGY S.A. revenue for the last quarter amounts to 3.67 B EUR despite the estimated figure of 3.72 B EUR. In the next quarter revenue is expected to reach 3.61 B EUR.
Yes, you can track SPOTIFY TECHNOLOGY S.A. financials in yearly and quarterly reports right on TradingView.
639 stock has risen by 6.41% compared to the previous week, the month change is a 18.88% rise, over the last year SPOTIFY TECHNOLOGY S.A. has showed a 140.60% increase.
639 net income for the last quarter is −68.20 M EUR, while the quarter before that showed 66.89 M EUR of net income which accounts for −201.96% change. Track more SPOTIFY TECHNOLOGY S.A. financial stats to get the full picture.
Today SPOTIFY TECHNOLOGY S.A. has the market capitalization of 49.62 B, it has increased by 2.24% over the last week.
No, 639 doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, 639 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SPOTIFY TECHNOLOGY S.A. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SPOTIFY TECHNOLOGY S.A. technincal analysis shows the strong buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SPOTIFY TECHNOLOGY S.A. stock shows the strong buy signal. See more of SPOTIFY TECHNOLOGY S.A. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on SPOTIFY TECHNOLOGY S.A. future price: according to them, 639 price has a max estimate of 373.90 EUR and a min estimate of 152.08 EUR. Read a more detailed SPOTIFY TECHNOLOGY S.A. forecast: see what analysts think of SPOTIFY TECHNOLOGY S.A. and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SPOTIFY TECHNOLOGY S.A. EBITDA is −161.07 M EUR, and current EBITDA margin is −1.25%. See more stats in SPOTIFY TECHNOLOGY S.A. financial statements.