During the last session, LiveXLive Media, Inc. (NASDAQ:LIVX)’s traded shares were 1,354,097, with the beta value of the company hitting 1.81. At the end of the trading day, the stock’s price was $4.16, reflecting an intraday loss of -7.14% or -$0.32. The 52-week high for the LIVX share is $6.95, that puts it down -67.07% from that peak though still a striking +62.02% gain since the share price plummeted to a 52-week low of $1.58. The company’s market capitalization is $313.99 Million, and the average intraday trading volume over the past 10 days was 3.27 Million shares, and the average trade volume was 1.9 Million shares over the past three months.
LiveXLive Media, Inc. (LIVX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.8. LIVX has a Sell rating from none of the analyst(s) out of 6 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 6 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.
LiveXLive Media, Inc. (NASDAQ:LIVX): Trading Information
LiveXLive Media, Inc. (LIVX) registered a -7.14% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.49% in intraday trading to $4.70- this Tuesday, Apr 06, hitting a weekly high. The stock’s 5-day price performance is 1.22%, and it has moved by 9.47% in 30 days. Based on these gigs, the overall price performance for the year is 26.83%. The short interest in LiveXLive Media, Inc. (NASDAQ:LIVX) is 4.67 Million shares and it means that shorts have 2.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.58, which implies an increase of 82.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $10 respectively. As a result, LIVX is trading at a discount of 140.38% off the target high and 44.23% off the low.
LiveXLive Media, Inc. (LIVX) projections and forecasts
Statistics show that LiveXLive Media, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. LiveXLive Media, Inc. (LIVX) shares have gone up +80.09% during the last six months, with a year-to-date growth rate more than the industry average at 24.64% against 19.3%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 40% this quarter and then jump 23.1% in the quarter after that. In the rating firms’ projections, revenue will increase 66.4% compared to the previous financial year.
Revenue for the current quarter is expected to be $20.12 Million as predicted by 6 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $19.78 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $9.88 Million and $11.32 Million respectively. In this case, analysts expect current quarter sales to grow by 103.7% and then jump by 74.7% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -25.4%. While earnings are projected to return 4.8% in 2021, the next five years will return 0% per annum.
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LiveXLive Media, Inc. (NASDAQ:LIVX)’s Biggest Investors
LiveXLive Media, Inc. insiders own 23.69% of total outstanding shares while institutional holders control 40.15%, with the float percentage being 52.61%. FMR, LLC is the largest shareholder of the company, while 91 institutions own stock in it. As of Dec 30, 2020, the company held over 10.33 Million shares (or 13.69% of all shares), a total value of $33.89 Million in shares.
The next largest institutional holding, with 3.72 Million shares, is of RHO Capital Partners Inc’s that is approximately 4.93% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $12.22 Million.
Also, the Mutual Funds coming in first place with the largest holdings of LiveXLive Media, Inc. (LIVX) shares are Fidelity Puritan Fund Inc and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that Fidelity Puritan Fund Inc owns about 9,050,589 shares. This amounts to just over 11.99 percent of the company’s overall shares, with a $35.93 Million market value. The same data shows that the other fund manager holds slightly less at 1.47 Million, or about 1.94% of the stock, which is worth about $4.81 Million.