LVO Stock Summary and Trading Ideas (Liveone | NASDAQ:LVO)

LiveOne Inc, formerly LiveXLive Media Inc is a premium internet network devoted to live music and music-related video content. The company has been building an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival, and Hangout Music Festival, as well as original content, artist exclusives, and industry interviews. The Company operates mainly through three segments, PodcastOne, Slacker, and Media Group, with a majority of its revenue derived from the Slacker segment.

Liveone trades on the NASDAQ stock market under the symbol LVO.

As of December 16, 2024, LVO stock price climbed to $1.03 with 367,634 million shares trading.

LVO has a beta of 1.96, meaning it tends to be more sensitive to market movements. LVO has a correlation of 0.08 to the broad based SPY ETF.

LVO has a market cap of $98.54 million. This is considered a Micro Cap stock.

Last quarter Liveone reported $33 million in Revenue and -$.02 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.01.

In the last 3 years, LVO traded as high as $2.19 and as low as $.48.

The top ETF exchange traded funds that LVO belongs to (by Net Assets): IWM, VTI, VXF, IWO, VTWO.

LVO has underperformed the market in the last year with a return of 0.0%, while the SPY ETF gained +30.5%. In the last 3 month period, LVO fell short of the market, returning -29.9%, while SPY returned +8.3%. However, in the most recent 2 weeks LVO has outperformed the stock market by returning +3.0%, while SPY returned +0.7%.

LVO support price is $.96 and resistance is $1.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LVO shares will trade within this expected range on the day.