Will current price volatility hamper LiveXLive Media Inc. (LIVX) future potential? – Marketing Sentinel

Will current price volatility hamper LiveXLive Media Inc. (LIVX) future potential?

LiveXLive Media Inc. (NASDAQ:LIVX) has a beta value of 1.74 and has seen 1,053,008 shares traded in the last trading session. The company, currently valued at $323.8 Million, closed the last trade at $4.29 per share which meant it lost -$0.03 on the day or -0.69% during that session. The LIVX stock price is -62% off its 52-week high price of $6.95 and 63.17% above the 52-week low of $1.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.27 Million shares traded. The 3-month trading volume is 1.9 Million shares.

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The consensus among analysts is that LiveXLive Media Inc. (LIVX) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 6 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.

LiveXLive Media Inc. (NASDAQ:LIVX) trade information

Despite being -0.69% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the LIVX stock price touched $4.60-6 or saw a rise of 6.74%. Year-to-date, LiveXLive Media Inc. shares have moved 30.79%, while the 5-day performance has seen it change 7.52%. Over the past 30 days, the shares of LiveXLive Media Inc. (NASDAQ:LIVX) have changed 4.38%. Short interest in the company has seen 6.74 Million shares shorted with days to cover at 3.55.

Wall Street analysts have a consensus price target for the stock at $7.58, which means that the shares’ value could jump 76.69% from current levels. The projected low price target is $6 while the price target rests at a high of $10. In that case, then, we find that the current price level is +133.1% off the targeted high while a plunge would see the stock lose 39.86% from current levels.

LiveXLive Media Inc. (LIVX) estimates and forecasts

Figures show that LiveXLive Media Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +105.26% over the past 6 months, with this year growth rate of 24.64%, compared to -4.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 40% and 23.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +66.4%.

6 analysts offering their estimates for the company have set an average revenue estimate of $20.12 Million for the current quarter. 3 have an estimated revenue figure of $19.78 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $9.88 Million and $11.32 Million respectively for this quarter and the next, and analysts expect sales will grow by 103.7% for the current quarter and 74.7% for the next.

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 -25.4% over the past 5 years. Earnings growth for 2021 is a modest +4.8%.

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LiveXLive Media Inc. (NASDAQ:LIVX)’s Major holders

Insiders own 23.69% of the company shares, while shares held by institutions stand at 40.74% with a share float percentage of 53.38%. Investors are also buoyed by the number of investors in a company, with LiveXLive Media Inc. having a total of 94 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 10.33 Million shares worth more than $33.89 Million. As of December 30, 2020, FMR, LLC held 13.69% of shares outstanding.

The other major institutional holder is RHO Capital Partners Inc, with the holding of over 3.72 Million shares as of December 30, 2020. The firm’s total holdings are worth over $12.22 Million and represent 4.93% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Fidelity Puritan Fund Inc and Vanguard Total Stock Market Index Fund. As of February 27, 2021, the former fund manager holds about 11.99% shares in the company for having 9050589 shares of worth $35.93 Million while later fund manager owns 1.47 Million shares of worth $4.81 Million as of December 30, 2020, which makes it owner of about 1.94% of company’s outstanding stock.

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