LiveOne, Inc. (NASDAQ:LVO – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 281,424 shares, an increase of 129.6% from the July 30th total of 122,578 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 68,034 shares, the days-to-cover ratio is currently 4.1 days.
LiveOne Stock Down 2.3%
Shares of NASDAQ:LVO traded down $0.09 during midday trading on Friday, hitting $3.87. The stock had a trading volume of 35,059 shares, compared to its average volume of 71,219. The company has a market cap of $53.07 million, a P/E ratio of -2.21 and a beta of 1.66. The business’s 50-day simple moving average is $4.87 and its 200-day simple moving average is $5.24. LiveOne has a 12 month low of $3.58 and a 12 month high of $7.19.
LiveOne (NASDAQ:LVO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. The business had revenue of $19.35 million during the quarter, compared to the consensus estimate of $21.23 million. As a group, equities analysts predict that LiveOne will post -1.21 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on LVO shares. Wall Street Zen upgraded LiveOne from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. UBS Group set a $8.00 price objective on shares of LiveOne in a report on Wednesday, August 12th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, LiveOne currently has an average rating of “Hold” and an average target price of $11.00.
Check Out Our Latest Research Report on LVO
About LiveOne
LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.
The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.
Further Reading
- Five stocks we like better than LiveOne
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for LiveOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiveOne and related companies with MarketBeat.com's FREE daily email newsletter.
