LiveXLive Media, Inc. (NASDAQ:LIVX) traded at $2.12 at last check on Friday, Nov 20, making an upward move of 8.72% on its previous day’s price.
Looking at the stock we see that its previous close was $1.95 and the beta (5Y monthly) reads 0 with the day’s price range being $1.9100 – 2.1200. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, LIVX has a high of $4.89 and a low of $0.72. The company’s stock has gained about 1.44% over that past 30 days.
LiveXLive has a market cap of $146.17 Million and is expected to release its quarterly earnings report on Feb 05, 2021- Feb 09, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the LIVX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.46 for 2020 and -$0.31 for next year. These figures represent -0.33% and at -0.33% growth in EPS for the two years respectively.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LIVX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Let’s briefly compare LiveXLive (LIVX) stock to its peers. We find that today’s price change of +8.72% and +42.28% over the past 12 months for LIVX competes that of Sony Corp (SNE), which has seen its stock price rise 1.27% in the latest trading session and is +46.26% over the last one year. Another of its peers Dolby Laboratories (DLB) has dropped -0.05% today, and is +26.93% up over the past year, while Sonos Inc (SONO) is also up 8.72% yet its price remains in the green at 42.28% over the same period. Sony has a P/E ratio of 12.65 compared to LiveXLive’s 0 and Dolby’s 38.95. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to LiveXLive Media, Inc. (NASDAQ:LIVX), we note that the average 3-month trading volume was 677.69 Million, while that of the preceding 10-day period stands at 694.62 Million. Current shares outstanding are 71.81 Million.
According to data from Thomson Reuters, insiders hold 24.61% of the company’s shares while institutions hold 44.55%. The data shows that short shares as of October 29, 2020, stood at 6.69 Million at a short ratio of 11.66. This represents a 9.32% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 6.65 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +37.22% up in year-to-date price movement.