LiveXLive Media Inc. (LIVX) shares are trading at higher $2.24 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $4.89 and the low is $0.72. Over the last 52 weeks, LIVX is up 44.52% while the S&P 500 is up 14.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, LIVX reported a profit of $4.26 million. LiveXLive Media Inc. also saw revenues increase to $14.56 million. In addition, LIVX has free cash flow of -$6.42 million as of 09-2020. The company’s EBITDA came in at -$4.6 million which compares well with its peers.
LIVX booked profit margins of -78.50%, and its Return on Assets is -56.60%. All told, it is clear that, LIVX needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LIVX has a short ratio of 9.94 and outstanding shares of 69.04M.
LIVX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.77 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.57. LiveXLive Media Inc. LIVX also noted assets of $81.01 million at the end of the last quarter. Investors should also keep an eye on sector updates as LIVX has historically followed its peers on positive news.
All told, LiveXLive Media Inc. LIVX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LIVX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
LiveXLive Media Inc. LIVX is now commanding a market cap of 148.56M and a float of 50.64M. LIVX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LIVX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in LIVX, either long or short, and we have not been compensated for this article.