LiveXLive Media, Inc. (NASDAQ:LIVX) has a beta value of 1.25 and has seen 1,720,462 shares traded in the last trading session. The company, currently valued at $198.57 Million, closed the last trade at $3.33 per share which meant it lost $0 on the day or -1.77% during that session. The LIVX stock price is -26.13% off its 52-week high price of $4.2 and 78.38% above the 52-week low of $0.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.62 Million shares traded. The 3-month trading volume is 756.27 Million shares.
The consensus among analysts is that LiveXLive Media, Inc. (LIVX) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 8 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.
LiveXLive Media, Inc. (NASDAQ:LIVX) trade information
Despite being -1.77% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the LIVX stock price touched $3.78-1 or saw a rise of 11.9%. Year-to-date, LiveXLive Media, Inc. shares have moved 115.53%, while the 5-day performance has seen it change -12.6%. Over the past 30 days, the shares of LiveXLive Media, Inc. (NASDAQ:LIVX) have changed 4.72%. Short interest in the company has seen 2.75 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $5.78, which means that the shares’ value could jump 73.57% from current levels. The projected low price target is $4.5 while the price target rests at a high of $7. In that case, then, we find that the current price level is +110.21% off the targeted high while a plunge would see the stock lose 35.14% from current levels.
LiveXLive Media, Inc. (LIVX) estimates and forecasts
Figures show that LiveXLive Media, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +106.83% over the past 6 months, with this year growth rate of -26.09%, compared to -14.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 42.9% and 26.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +61.6%.
8 analysts offering their estimates for the company have set an average revenue estimate of $12.06 Million for the current quarter. 8 have an estimated revenue figure of $15.4 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $10.17 Million for this quarter, and analysts expect sales will grow by 18.6% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +21.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.
LiveXLive Media, Inc. (NASDAQ:LIVX)’s Major holders
Insiders own 39.6% of the company shares, while shares held by institutions stand at 35.79% with a share float percentage of 59.25%. Investors are also buoyed by the number of investors in a company, with LiveXLive Media, Inc. having a total of 63 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 6.6 Million shares worth more than $10.43 Million. As of March 30, 2020, FMR, LLC held 12.67% of shares outstanding.
The other major institutional holder is RHO Capital Partners Inc, with the holding of over 3.72 Million shares as of March 30, 2020. The firm’s total holdings are worth over $5.88 Million and represent 7.15% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Puritan Fund Inc and iShares Russell 2000 ETF. As of March 30, 2020, the former fund manager holds about 12.55% shares in the company for having 6536621 shares of worth $10.33 Million while later fund manager owns 628.99 Thousand shares of worth $993.8 Thousand as of March 30, 2020, which makes it owner of about 1.21% of company’s outstanding stock.