Wall Street predicts LiveOne Inc (LVO) stock to surge by 127.27%

LiveOne Inc [LVO] stock prices are up 12.94% to $0.66 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LVO shares have gain 7.84% over the last week, with a monthly amount drifted -37.68%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

LiveOne Inc [NASDAQ: LVO] stock has seen the most recent analyst activity on April 14, 2023, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $2.80.

The stock price of LiveOne Inc [LVO] has been fluctuating between $0.56 and $2.15 over the past year. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. LiveOne Inc [NASDAQ: LVO] shares were valued at $0.66 at the most recent close of the market. An investor can expect a potential return of 127.27% based on the average LVO price forecast.

Analyzing the LVO fundamentals

The LiveOne Inc [NASDAQ:LVO] reported sales of 123.75M for trailing twelve months, representing a surge of 19.13%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 2.63 and Total Capital is -0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.18.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6091 points at the first support level, and at 0.5577 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6935, and for the 2nd resistance point, it is at 0.7265.

Ratios To Look Out For

It’s worth pointing out that LiveOne Inc [NASDAQ:LVO]’s Current Ratio is 0.53. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.53.

Transactions by insiders

Recent insider trading involved Wright Kristopher, Director, that happened on Nov 14 ’23 when 11000.0 shares were sold.

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