In the last trading session, 0.29 million shares of the LiveOne Inc (NASDAQ:LVO) were traded, and its beta was 1.61. Most recently the company’s share price was $1.18, and it changed around $0.01 or 0.85% from the last close, which brings the market valuation of the company to $112.89M. LVO currently trades at a discount to its 52-week high of $2.15, offering almost -82.2% off that amount. The share price’s 52-week low was $0.56, which indicates that the current value has risen by an impressive 52.54% since then. We note from LiveOne Inc’s average daily trading volume that its 10-day average is 0.32 million shares, with the 3-month average coming to 493.38K.
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 (NASDAQ:LVO) trade information
Instantly LVO has showed a green trend with a performance of 0.85% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2799 on recent trading dayincreased the stock’s daily price by 7.81%. The company’s shares are currently down -19.73% year-to-date, but still down -1.67% over the last five days. On the other hand, LiveOne Inc (NASDAQ:LVO) is 14.56% up in the 30-day period. We can see from the shorts that 2.22 million shares have been sold at a short interest cover period of 4.19 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 21.33% 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 fallen -23.38 percent over the past six months and at a 26.67% annual growth rate that is well above the industry average of 11.30%.
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 February.
LiveOne Inc (NASDAQ:LVO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 21.69% of LiveOne Inc shares, and 27.20% of them are in the hands of institutional investors. The stock currently has a share float of 34.73%. LiveOne Inc stock is held by 95.0 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.
