why LiveOne Inc [LVO] is a Good Choice for Investors After New Price Target of $4.20

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LiveOne Inc [NASDAQ: LVO] closed the trading session at $0.73.

The stocks have a year to date performance of -47.48 percent and weekly performance of -33.33 percent. The stock has been moved at -60.96 percent over the last six months. The stock has performed -58.05 percent around the most recent 30 days and changed -49.31 percent over the most recent 3-months.

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If compared to the average trading volume of 324.67K shares, LVO reached to a volume of 7035006 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about LiveOne Inc [LVO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LVO shares is $4.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LVO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH MKM have made an estimate for LiveOne Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 14, 2023.

The Average True Range (ATR) for LiveOne Inc is set at 0.15, with the Price to Sales ratio for LVO stock in the period of the last 12 months amounting to 0.58. Price to Free Cash Flow for LVO in the course of the last twelve months was 18.91 with Quick ratio for the last quarter at 0.47.

LVO stock trade performance evaluation

LiveOne Inc [LVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -33.33. With this latest performance, LVO shares dropped by -58.05% in over the last four-week period, additionally sinking by -60.96% over the last 6 months – not to mention a drop of -23.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LVO stock in for the last two-week period is set at 18.43, with the RSI for the last a single of trading hit 12.98, and the three-weeks RSI is set at 23.65 for LiveOne Inc [LVO]. The present Moving Average for the last 50 days of trading for this stock 1.5100, while it was recorded at 1.0138 for the last single week of trading, and 1.5918 for the last 200 days.

LiveOne Inc [LVO]: An insightful look at the core fundamentals

LiveOne Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.53.

Earnings per share (EPS) analysis for LiveOne Inc [LVO] stock

With the latest financial reports released by the company, LiveOne Inc posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LVO.

LiveOne Inc [LVO]: Institutional Ownership

There are presently around $25.54%, or 32.24%% of LVO stock, in the hands of institutional investors. The top three institutional holders of LVO stocks are: FMR LLC with ownership of 7.03 million shares, which is approximately 8.0232%. BLACKROCK INC., holding 4.18 million shares of the stock with an approximate value of $$6.56 million in LVO stocks shares; and BLACKROCK INC., currently with $$6.08 million in LVO stock with ownership which is approximately 4.4174%.

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