In the last trading session, 1.12 million LiveOne Inc (NASDAQ:LVO) shares changed hands as the company’s beta touched 1.60. With the company’s per share price at $1.31 changed hands at -$0.14 or -9.66% during last session, the market valuation stood at $125.33M. LVO’s last price was a discount, traded about -64.12% off its 52-week high of $2.15. The share price had its 52-week low at $0.56, which suggests the last value was 57.25% up since then. When we look at LiveOne Inc’s average trading volume, we note the 10-day average is 0.92 million shares, with the 3-month average coming to 544.43K.
Analysts gave the LiveOne Inc (LVO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LVO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. LiveOne Inc’s EPS for the current quarter is expected to be -0.01.
LiveOne Inc (NASDAQ:LVO) trade information
Instantly LVO was in red as seen at the end of in last trading. With action 12.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.88%, with the 5-day performance at 12.93% in the green. However, in the 30-day time frame, LiveOne Inc (NASDAQ:LVO) is -10.88% down. Looking at the short shares, we see there were 2.29 million shares sold at short interest cover period of 4.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 12.67% from its current market value. According to analyst projections, LVO’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a -14.5% plunge from its current level, while the stock would need to soar -14.5% for it to hit the projected low.
LiveOne Inc (LVO) estimates and forecasts
Data shows that the LiveOne Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.89% over the past 6 months, a 26.67% in annual growth rate that is considerably higher than the industry average of 11.70%. Year-over-year growth is forecast to reach 4.19% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 31.35M. 5 analysts are of the opinion that LiveOne Inc’s revenue for the current quarter will be 26.32M. The company’s revenue for the corresponding quarters a year ago was 31.25M and 30.9M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.33%. The estimates for the next quarter sales put growth at -14.83%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 25.42%. The 2025 estimates are for LiveOne Inc earnings to increase by 36.21%, but the outlook for the next 5-year period is at 10.20% per year.
LVO Dividends
LiveOne Inc is expected to release its next quarterly earnings report in March.
LiveOne Inc (NASDAQ:LVO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.69% of LiveOne Inc shares while 26.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.21%. There are 26.79% institutions holding the LiveOne Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 8.0232% of the shares, roughly 7.03 million LVO shares worth $11.04 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.7687% or 4.18 million shares worth $6.56 million as of 2024-06-30.
