Equities analysts forecast that Livexlive Media Inc (NASDAQ:LIVX) will post $12.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Livexlive Media’s earnings. Livexlive Media reported sales of $7.97 million during the same quarter last year, which would suggest a positive year over year growth rate of 50.6%. The business is expected to issue its next quarterly earnings results on Wednesday, November 13th.
On average, analysts expect that Livexlive Media will report full year sales of $50.00 million for the current fiscal year. For the next year, analysts anticipate that the business will report sales of $0.00. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Livexlive Media.
Livexlive Media (NASDAQ:LIVX) last released its earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Livexlive Media had a negative return on equity of 231.67% and a negative net margin of 105.60%. The business had revenue of $9.50 million for the quarter, compared to the consensus estimate of $10.00 million.
Shares of LIVX traded down $0.01 during trading hours on Friday, reaching $2.94. The stock had a trading volume of 150,729 shares, compared to its average volume of 79,681. Livexlive Media has a 12 month low of $2.12 and a 12 month high of $7.23. The company has a market cap of $146.75 million, a PE ratio of -4.08 and a beta of 1.37. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day moving average price of $3.11.
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of Livexlive Media by 8,784.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock valued at $41,000 after acquiring an additional 7,467 shares during the last quarter. Spark Investment Management LLC bought a new position in Livexlive Media during the 1st quarter worth $63,000. American International Group Inc. raised its position in Livexlive Media by 508.2% during the 4th quarter. American International Group Inc. now owns 19,388 shares of the company’s stock worth $96,000 after purchasing an additional 16,200 shares during the last quarter. Deutsche Bank AG raised its position in Livexlive Media by 9.3% during the 4th quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock worth $190,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Livexlive Media by 210.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after purchasing an additional 53,276 shares during the last quarter. Institutional investors own 21.62% of the company’s stock.
Livexlive Media Company Profile
LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.
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