Does Wall Street Rate LiveOne Inc. (LVO) Shares A Buy?


As of Wednesday close, LiveOne Inc.’s (NASDAQ:LVO) stock was up $0.05, moving up 7.41 percent to $0.73. The average number of shares traded per day over the past five days has been 239,460 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0247 gain in that time frame. In the last twenty days, the average volume was 236,530, while in the previous 50 days, it was 185,670.

Since last month, LVO stock retreated -10.95%. Shares of the company fell to $0.6502 on 11/21/22, the lowest level in the past month. A 52-week high of $2.18 was reached on 07/15/22 after having rallying from a 52-week low of $0.56. Since the beginning of this year, LVO’s stock price has dropped by -42.94% or -$0.5496, and marked a new high 2 times. However, the stock has declined by -66.50% since its 52-week high.

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LVO stock investors should be aware that LiveOne Inc. (LVO) stock had its last reported insider trading activity 3 days ago on Nov 21. ELLIN ROBERT S, the CEO & Chairman of the company, purchased of 35,000 shares for $0.67 on Nov 21. It resulted in a $23,496 investment by the insider. ELLIN ROBERT S added 15,000 shares at an average price of $0.73 on Nov 16. The insider now owns 2,054,666 shares following the transaction. On Nov 15, CEO & Chairman ELLIN ROBERT S bought 10,000 shares at $0.78 apiece. The transaction was valued at $7,780.

Financial Health

In the three months ended September 29, LiveOne Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 27.10% percent. In the year ended September 29, operating margins totaled -37.90%. Based on annual data, LVO earned $24.04 million in gross profit and brought in $117.02 million in revenue.

In LiveOne Inc.’s quarter-end financial report for September 29, it reported total debt of $7.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LVO’s revenue rose 6.84% to $23.22 million during the quarter, while net income inched up to $23.53 million. While analysts expected LiveOne Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated $2.18 million in EBITDA. The liabilities of LiveOne Inc. were 76.24 million at the end of its most recent quarter ended September 29, and its total debt was $29.72 million. The value of shareholders’ equity is $87.45 million.

Technical Picture

This quick technical analysis looks at LiveOne Inc.’s (LVO) price momentum. With a historical volatility rate of 71.83%, the RSI 9-day stood at 53.61% on 23 November.

With respect to its five-day moving average, the current LiveOne Inc. price is up by +3.50% percent or $0.0247. At present, LVO shares trade -6.37% below its 20-day simple moving average and -23.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.09% below its SMA50 and -14.76% below its SMA200.

Stochastic coefficient K was 31.11% and Stochastic coefficient D was 20.93%, while ATR was 0.0543. Given the Stochastic reading of 53.54% for the 14-day period, the RSI (14) reading has been calculated as 49.39%. As of today, the MACD Oscillator reading stands at -0.0189, while the 14-day reading stands at -0.0146.

Analyst Ratings

LiveOne Inc. (LVO) has been rated Buy by analysts. According to 0 brokerage firms, LVO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate LiveOne Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $3.50, the current consensus forecast for the stock is $3.00 – $7.25. Based on these forecasts, analysts predict LiveOne Inc. (LVO) will achieve an average price target of $4.58.


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