During the last session, LiveOne Inc (NASDAQ:LVO)’s traded shares were 1.03 million, with the beta value of the company hitting 1.59. At the end of the trading day, the stock’s price was $0.69, reflecting an intraday gain of 2.74% or $0.02. The 52-week high for the LVO share is $2.15, that puts it down -211.59 from that peak though still a striking 18.84% gain since the share price plummeted to a 52-week low of $0.56. The company’s market capitalization is $68.28M, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 546.50K shares over the past three months.
LiveOne Inc (LVO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. LVO has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
LiveOne Inc (NASDAQ:LVO) trade information
LiveOne Inc (LVO) registered a 2.74% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.74% in intraday trading to $0.69, hitting a weekly high. The stock’s 5-day price performance is 22.78%, and it has moved by -7.98% in 30 days. Based on these gigs, the overall price performance for the year is -27.82%. The short interest in LiveOne Inc (NASDAQ:LVO) is 2.64 million shares and it means that shorts have 2.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies an increase of 54.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, LVO is trading at a discount of -117.39% off the target high and -117.39% off the low.
LiveOne Inc (LVO) estimates and forecasts
Statistics show that LiveOne Inc has outperformed its competitors in share price, compared to the industry in which it operates. LiveOne Inc (LVO) shares have gone down -63.87% during the last six months, with a year-to-date growth rate more than the industry average at 66.67% against 0.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 75.00% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 11.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 33.7M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 34.49M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.42%. While earnings are projected to return 55.17% in 2024.
LVO Dividends
LiveOne Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
LiveOne Inc (NASDAQ:LVO)’s Major holders
LiveOne Inc insiders own 20.79% of total outstanding shares while institutional holders control 25.74%, with the float percentage being 32.49%. FMR LLC is the largest shareholder of the company, while 88.0 institutions own stock in it. As of 2024-06-30, the company held over 7.03 million shares (or 8.0232% of all shares), a total value of $11.04 million in shares.
The next largest institutional holding, with 4.18 million shares, is of BLACKROCK INC.’s that is approximately 4.7687% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.56 million.
