24/7 Market News Snapshot 31 January, 2025 – LiveOne, Inc. Common Stock (NASDAQ:LVO)

January 31, 2025

DENVER, Colo., 31 January, 2025 (247marketnews.com) – (NASDAQ:LVO) are discussed in this article.
LiveOne, Inc. (LVO) has made a significant impact in the market today, with shares opening at $1.21 and currently trading at $1.373, marking a robust gain of 14.42%. This notable increase from the previous close of $1.20 indicates a strong bullish sentiment among investors, as trading volume reaches approximately 827.37K shares, highlighting heightened interest and active market participation. Analysts suggest monitoring potential resistance levels around $1.40, while support is noted near $1.25. Continued bullish momentum could further solidify positive trends, although any pullbacks may signal profit-taking or a period of consolidation.

Furthermore, LiveOne has announced a remarkable 55% increase in user engagement among Tesla users this year, reaching over 700,000 users, with approximately 350,000 accessing the service via the ad-supported model. This growth exemplifies the company’s commitment to enhancing the consumer experience and expanding its audience. CEO Robert Ellin is scheduled to provide an extensive business update at an upcoming event on January 31st, where he will discuss transformative growth, recent strategic partnerships, and a robust pipeline that has generated over $40 million in new business-to-business collaborations.

With a growing network of over 70 companies, LiveOne solidifies its position as a leader in the creator-first space, poised for sustained growth and enhanced value for stakeholders. The company’s dedication to delivering premium entertainment across multiple platforms, including Tesla vehicles, iOS, Android, Roku, and Apple TV, combined with subsidiaries like Slacker Radio and PodcastOne, positions it to offer a rich array of content for millions of users globally. LiveOne continues to innovate, aiming to shape the future of music and entertainment, bringing creators and audiences together in new and engaging ways.

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