Spotify turned a nominal "profit" in 2021 and has halved since then. there are plenty of gamblers out there so there will always be a price as long as there is something to gamble on. blue chips on the other hand only have one long term trajectory and generally pay a dividend however small.
this on the other hand is back to share price 4 years ago and could go much lower if upcoming AGM has any negative surprises. On the charts it's been in a down trend since 2021 and now threatening to break key support level despite all the revenue growth and capital raises since 2021
Based upon similar announcements to date even if AGM reports increased revenue its unlikely to have any lasting effect unless its accompanied by profit projections. The market is the market and cheap money has already left the building. good luck to anyone hoping high revenue will allow you to get taken out by someone else with more money.
if you want to follow the spotify and avita strategy go for it. avita was $15 in 2020 and now around $3.20. interesting there are so many PNV "investors" here that are happy and fully supportive of that kind of performance. No wonder PNV share performance continues to be on the same trajectory
Spotify turned a nominal "profit" in 2021 and has halved since...
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Last
$2.35 |
Change
0.020(0.86%) |
Mkt cap ! $1.622B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.40 | $2.34 | $2.822M | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13436 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 11159 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |