LiveXLive Media Inventory is a Dangerous However Compelling Streaming Community Play

Digital media firm LiveXLive Media (NASDAQ: LIVX) inventory has been a little bit of a rollercoaster experiencing excessive spikes and drops as a speculative play on streaming music and video content material.

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Digital media firm LiveXLive Media (NASDAQ: LIVX) inventory has been a little bit of a rollercoaster experiencing excessive spikes and drops as a speculative play on streaming music and video content material. The impartial community provides music-related stay and streaming audio and video content material together with area of interest occasions like its “Social Gloves: Battle of the Platforms: YouTubers vs. TikTokers” pay-per-view boxing occasion, catering to social media followers and millennials. It additionally operates Slacker Radio and numerous podcasts. LiveXLive claims to have transcended the 1 million paying subscriber mark and at all times carries the potential for an acquisition if their portfolio is compelling sufficient. The Firm can also be making an attempt to achieve from the non-fungible token (NFT) momentum by opening an NFT division that can mint performances, video and audio content material, and digital taking part in playing cards. This may very well be an up-and-coming viable community using social media in an underground method. This small-cap firm is a purely speculative play appropriate for nimble merchants and seasoned speculators that may maintain stop-losses and tolerate high-volatility and durations of skinny liquidity.

Q3 Fiscal 2021 Earnings Launch

On Feb.11, 2021, LiveXLive launched its fiscal third-quarter 2021 outcomes for the quarter ending December 2020. The Firm reported an earnings-per-share (EPS) losses of (-$0.12) lacking analyst estimates for a lack of (-$0.10) by (-$0.02). Revenues got here in at $19.1 million versus $17.7 million consensus. The Firm raised full-year fiscal 2022 income estimates to come back in between $90 million to $100 million versus $91.3 million consensus analyst estimates.

Raised Steerage Estimates

On April 5, 2020, LiveXLive raised it’s full-year fiscal 2021 income steering to a spread of $64.5 million to $65.5 million versus analyst estimates for $64.09 million. Alter fiscal 2021 working revenue is anticipated between $1 million to $3 million. The Firm expects full-year 2022 revenues to come back in between $100 million to $110 million versus $99.13 million consensus analyst estimates. The Firm ended This autumn and monetary 2021 with over 1.075 million paid subscribers and has livestreamed over 140 stay music occasions and 1,781 artists throughout the LiveXLive platform, producing over 150 million stay stream views in comparison with 42 occasions, 256 artists and 69 million stay streams in prior yr. The Firm noticed 533% progress in its This autumn fiscal 2021 livestream views hitting 38 million versus 6 million views in the identical yr in the past interval. LiveXLive’s 24-hour linear OTT streaming channel reaches over 300 million individuals. It’s PodcastOne generated greater than 2.25 billion downloads in 2020, with over 234 unique podcast exhibits and now produces greater than 400 podcast episode weekly. Complete social media attain throughout the unique PodcastOne expertise roster exceeds 240 million.

Samsung Free and PodcastOne Deal

On April 9, 2021, LiveXLive inks a cope with Samsung (OTCMKTS: SSNLF) for all PodcastOne distributed content material to be out there on Samsung Free service by way of the Pay attention tab. PodcastOne President, Equipment Grey said, “Listening to all of your favourite hosts and exhibits shouldn’t be greater than a one faucet course of and our settlement with Samsung brings fluid accessibility to podcast fands in a brand new manner.”

Development Drivers

LiveXLive may very well be an up-and-coming community each when it comes to digital streaming platform and its podcast community. In Hollywood, the saying “Pretend it ‘til you make it” might apply right here. In its Nov. 16, 2020 convention name, LiveXLive CEO Rob Ellin summed it up, “Immediately, LiveXLive has grown and developed to be a number one talent-first platform specializing in connecting artists with their superfans, constructing long-term sustainable priceless franchises, audio music, podcasting, vodcasting, OTT and pay-per-view, stay streaming and video on demand and our distribution, which continues to develop. LiveXLive’s 24 hour OTT streaming channel now has a attain of over 300 million individuals on platforms like Amazon Fireplace and Roku, Apple TV, SLING, Xumo, STIRR, and each Samsung Sensible TVs and Samsung TV Plus.” It’s price noting that LiveXLive has had a partnership with Tesla (NASDAQ: TSLA) for 8 years the place LiveXLive subscriptions are pre-installed in each Tesla car offered in America. The LiveXLive app is pre-installed in 85 different cars in addition to main carriers together with T-Cellular (NASDAQ: TMUS) and Verizon (NYSE: VZ). Time will inform whether or not the Firm is hype or the actual deal. 

LIVX Opportunistic Pullback Ranges

Utilizing the rifle charts on the weekly and every day time frames gives a precision near-term view of the taking part in area for LIVX shares. The weekly rifle chart uptrend peaked out close to the $7.02 Fibonacci (fib) stage and abruptly collapsed to the $3.38 fib assist, which has confirmed to be a sturdy assist space. The weekly 5-period transferring common (MA) is at $4.04 with 15-period MA at $4.29 because the weekly stochastic tries to mini inverse pup decrease. Nonetheless, the latest spike to the $4.53 fib has stalled out the weekly downtrend till the every day rifle chart resolves its uptrend, which can be peaking out. The every day market construction excessive (MSH) promote triggered on the breakdown beneath $5.16. Nonetheless, the every day market construction low (MSL) purchase set off sits at $3.91. The every day 5-period MA assist overlaps at $4.24 however is on the verge of a possible MSH set off if the $4.20 fib breaks. Nimble merchants and seasoned speculators can monitor for opportunistic pullback ranges on the $3.72 fib, $3.38 fib, $3.08 fib, $2.57 fib, and the $2.22 fib. As a small-cap inventory, liquidity may very well be an issue so it’s essential that solely seasoned merchants and speculators are fitted to this high-risk inventory.

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