LiveOne Inc (LVO) Stock Up 12.23%: Is It a Good Investment?

LiveOne Inc [LVO] stock is trading at $0.77, up 12.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LVO shares have gain 32.40% over the last week, with a monthly amount glided 11.91%, and 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.

LiveOne Inc [LVO] stock has fluctuated 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 $0.77 at the most recent close of the market. An investor can expect a potential return of 94.81% based on the average LVO price forecast.

Analyzing the LVO fundamentals

LiveOne Inc [NASDAQ:LVO] reported sales of 123.75M for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 0.7067 points at the first support level, and at 0.6389 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8161, and for the 2nd resistance point, it is at 0.8577.

Ratios To Look Out For

For context, LiveOne Inc’s Current Ratio is 0.53. Also, the Quick Ratio is 0.47, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.69.

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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