LiveXLive Media, Inc. (NASDAQ:LIVX) is Worth a Shot if You’re a Risk-Capital Investor – Marketing Sentinel
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LiveXLive Media, Inc. (NASDAQ:LIVX) is Worth a Shot if You’re a Risk-Capital Investor

In the last trading session, 1,307,841 LiveXLive Media, Inc. (NASDAQ:LIVX) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $4.45 changed hands at -$0.08 or -0.02% during last session, the market valuation stood at $355.16 Million. LIVX’s last price was a discount, traded about -56.18% off its 52-week high of $6.95. The share price had its 52-week low at $1.78, which suggests the last value was 60% up since then. When we look at LiveXLive Media, Inc.’s average trading volume, we note the 10-day average is 827.05 Million shares, with the 3-month average coming to 1.8 Million.

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Analysts gave the LiveXLive Media, Inc. (LIVX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.8. If we narrow down to specifics, the data shows that none out of 6 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended LIVX as a Hold, 6 felt it is a Buy and none rated the stock as Underweight. LiveXLive Media, Inc.’s EPS for the current quarter is expected to be -$0.1.


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LiveXLive Media, Inc. (NASDAQ:LIVX) trade information

Although LIVX has turned red as seen at the end of in last trading. With action -1.77%, the performance over the past five days has been red. The jump to weekly highs of $4.90- on Monday, Jun 14 added 9.16% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.36%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, LiveXLive Media, Inc. (NASDAQ:LIVX) is 0.1% up. Looking at the short shares, we see there were 6.63 Million shares sold at short interest cover period of 3.68 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.83, meaning bulls need an upside of 75.96% from its current market value. According to analyst projections, LIVX’s forecast low is $6 with $10 as the target high. To hit the forecast high, the stock’s price needs a +124.72% upsurge from its current level, while the stock would need to tank 34.83% for it to hit the projected low.

LiveXLive Media, Inc. (LIVX) estimates and forecasts

Data shows that the LiveXLive Media, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +53.98% over the past 6 months, a 24.64% in annual growth rate that is considerably higher than the industry average of 9.3%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for LiveXLive Media, Inc. will rise +33.3%, while the growth in revenue is estimated to hit 46.2% for the next quarter. Year-over-year growth is forecast to reach 66.4% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $20.12 Million. 3 analysts are of the opinion that LiveXLive Media, Inc.’s revenue for the quarter ending in Aug 2021 will be $24.06 Million. The company’s revenue for the corresponding quarters a year ago was $9.88 Million and $11.32 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 103.7%. The estimates for the next quarter sales put growth at 112.5%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.4%. The 2021 estimates are for LiveXLive Media, Inc. earnings to increase by 4.8%, but the outlook for the next 5-year period is at 0% per year.

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

If we look at who the major shareholders are, we find that insiders hold 23.69% of LiveXLive Media, Inc. shares while 40.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.42%. There are 103 institutions holding the LiveXLive Media, Inc. stock share, with FMR, LLC the top institutional holder. As of Mar 30, 2021, the company held 8.93% of the shares, roughly 6.74 Million LIVX shares worth $29.25 Million.

RHO Capital Partners Inc holds the second largest percentage of outstanding shares, with 4.93% or 3.72 Million shares worth $16.16 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Fidelity Puritan Fund Inc and Vanguard Total Stock Market Index Fund. With 6639573 shares estimated at $28.82 Million under it, the former controlled 8.8% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.93% of the shares, roughly 1.46 Million shares worth around $6.34 Million.

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