The company is now looking to expand on the success of the product by creating its own dedicated NFT division. Through the event, LiveXLive has launched its first NFT product in the form of digital concert posters.
The 72-hour livestream, which featured over 100 popular music artists, saw 23 million viewers.įurthermore, the press release contains an interesting announcement regarding its entrance into the market of NFT stocks. The event was a great success, according to the company’s press release. The two companies are partnering for their “Music Lives” online music festival, which was first held last weekend. Recently, the company is finding publicity through its partnership with Vice Media. LiveXLive is a media company whose focus is in music streaming and online entertainment. To read this article on click here.Source: Postmodern Studio / Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. LIVX will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company. Stocks in this group have gained about 8.40% so far this year, so LIVX is performing better this group in terms of year-to-date returns. Looking more specifically, LIVX belongs to the Audio Video Production industry, a group that includes 8 individual stocks and currently sits at #108 in the Zacks Industry Rank. This means that LiveXLive Media is performing better than its sector in terms of year-to-date returns. At the same time, Consumer Discretionary stocks have lost an average of 4.05%. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.īased on the latest available data, LIVX has gained about 68.29% so far this year. Over the past 90 days, the Zacks Consensus Estimate for LIVX's full-year earnings has moved 11.77% higher. LIVX is currently sporting a Zacks Rank of #2 (Buy). The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months.
0 kommentar(er)
