In last trading session, LiveOne Inc (NASDAQ:LVO) saw 1.23 million shares changing hands with its beta currently measuring 1.61. Company’s recent per share price level of $0.91 trading at $0.2 or 28.48% at ring of the bell on the day assigns it a market valuation of $89.73M. That closing price of LVO’s stock is at a discount of -136.26% from its 52-week high price of $2.15 and is indicating a premium of 38.46% from its 52-week low price of $0.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 568.72K if we extend that period to 3-months.
For LiveOne Inc (LVO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.
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LiveOne Inc (NASDAQ:LVO) trade information
LiveOne Inc’s shares saw a change of -34.76% in year-to-date performance and have moved 35.02% in past 5-day. LiveOne Inc (NASDAQ:LVO) showed a performance of 40.89% in past 30-days. Number of shares sold short was 2.64 million shares which calculate 2.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a rise of 39.33% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would drop -64.84% in reaching the projected high whereas dropping to the targeted low would mean a loss of -64.84% for stock’s current value.
LiveOne Inc (LVO) estimates and forecasts
Statistics highlight that LiveOne Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -50.18% of value to its shares in past 6 months, showing an annual growth rate of 66.67% while that of industry is 0.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.20% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 33.7M for the same. And 5 analysts are in estimates of company making revenue of 34.49M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 25.42% during past 5 years.
LiveOne Inc (NASDAQ:LVO)’s Major holders
Insiders are in possession of 20.79% of company’s total shares while institution are holding 25.71 percent of that, with stock having share float percentage of 32.46%. Investors also watch the number of corporate investors in a company very closely, which is 25.71% institutions for LiveOne Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at LVO for having 7.03 million shares of worth $11.04 million. And as of 2024-06-30, it was holding 8.0232 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7687 of outstanding shares, having a total worth of $6.56 million.
