LiveOne Inc (NASDAQ: LVO) Is A Chance For Risk-Tolerant Investors

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LiveOne Inc (NASDAQ:LVO)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 1.72. At the close of trading, the stock’s price was $1.19, to imply an increase of 0.85% or $0.01 in intraday trading. The LVO share’s 52-week high remains $2.15, putting it -80.67% down since that peak but still an impressive 52.94% since price per share fell to its 52-week low of $0.56. The company has a valuation of $113.85M, with an average of 0.42 million shares in intraday trading volume over the past 10 days and average of 634.23K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for LiveOne Inc (LVO), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give LVO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.

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LiveOne Inc (NASDAQ:LVO) trade information

After registering a 0.85% upside in the last session, LiveOne Inc (LVO) has traded red over the past five days. The 5-day price performance for the stock is 9.17%, and 26.57% over 30 days. With these gigs, the year-to-date price performance is -14.39%. Short interest in LiveOne Inc (NASDAQ:LVO) saw shorts transact 2.03 million shares and set a 4.15 days time to cover.

The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, LVO has been trading -26.05% off suggested target high and -26.05% from its likely low.

LiveOne Inc (LVO) estimates and forecasts

Looking at statistics comparing LiveOne Inc share performance against respective industry, we note that the company has outperformed competitors. LiveOne Inc (LVO) shares are -24.20% down over the last 6 months, with its year-to-date growth rate higher than industry average at 26.67% against 10.80%. The rating firms project that company’s revenue will grow 4.19% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 31.35M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 26.32M.Earnings reports from the last fiscal year show that sales brought in 31.25M and 30.9M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.33% before dropping -14.83% in the following quarter.

LVO Dividends

LiveOne Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

LiveOne Inc (NASDAQ:LVO)’s Major holders

LiveOne Inc insiders hold 21.69% of total outstanding shares, with institutional holders owning 27.35% of the shares at 34.92% float percentage. In total, 27.35% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 7.03 million shares (or 8.0232% of shares), all amounting to roughly $11.04 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 4.18 million shares, or about 4.7687% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.56 million.

We also have Fidelity Puritan Fund Inc and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the LiveOne Inc (LVO) shares. Going by data provided on Oct 31, 2024 , Fidelity Puritan Fund Inc holds roughly 6.18 shares. This is just over 6.47% of the total shares, with a market valuation of $7.36 million. Data from the same date shows that the other fund manager holds a little less at 2.2, or 2.30% of the shares, all valued at about 2.62 million.