LiveOne Inc (NASDAQ: LVO): A Disaster In The Making Or A Gold Mine?

In today’s recent session, 0.79 million shares of the LiveOne Inc (NASDAQ:LVO) have been traded, and its beta is 1.63. Most recently the company’s share price was $1.45, and it changed around -$0.02 or -1.36% from the last close, which brings the market valuation of the company to $138.72M. LVO at last check was trading at a discount to its 52-week high of $2.15, offering almost -48.28% off that amount. The share price’s 52-week low was $0.56, which indicates that the recent value has risen by an impressive 61.38% since then. We note from LiveOne Inc’s average daily trading volume that its 10-day average is 0.65 million shares, with the 3-month average coming to 660.60K.

LiveOne Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended LVO as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. LiveOne Inc is expected to report earnings per share of -0.01 for the current quarter.

LiveOne Inc (NASDAQ:LVO) trade information

Instantly LVO has been showing red trend so far today with a performance of -1.36% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6000 on recent trading dayincreased the stock’s daily price by 9.38%. The company’s shares are currently up 4.32% year-to-date, but still up 22.88% over the last five days. On the other hand, LiveOne Inc (NASDAQ:LVO) is 45.00% up in the 30-day period. We can see from the shorts that 2.07 million shares have been sold at a short interest cover period of 6.71 day(s).

The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 3.33% from its current value. Analyst projections state that LVO is forecast to be at a low of $1.5 and a high of $1.5.

LiveOne Inc (LVO) estimates and forecasts

LiveOne Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.69 percent over the past six months and at a 26.67% annual growth rate that is well above the industry average of 10.80%. The year-over-year growth rate is expected to be 4.19%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 31.35M in revenue for the current quarter. 5 analysts expect LiveOne Inc to make 26.32M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.25M and 30.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.33%. Forecasts for the next quarter put sales growth at -14.83%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.42%.

LVO Dividends

LiveOne Inc’s next quarterly earnings report is expected to be released in January.

LiveOne Inc (NASDAQ:LVO)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 21.69% of LiveOne Inc shares, and 27.35% of them are in the hands of institutional investors. The stock currently has a share float of 34.92%. LiveOne Inc stock is held by 94.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 8.0232% of the shares, which is about 7.03 million shares worth $11.04 million.

BLACKROCK INC., with 4.7687% or 4.18 million shares worth $6.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Fidelity Puritan Fund Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 6.18 shares worth $8.72 million, making up 6.47% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.2 shares worth around $3.1 million, which represents about 2.30% of the total shares outstanding.