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) is witnessing significant upward momentum in the financial markets, opening at $1.21 and currently trading at $1.373, which represents a notable increase of 14.42% from its previous closing price of $1.20. The stock’s trading volume stands at 827.37K shares, indicating heightened investor interest and potential price volatility. Analysts are observing critical resistance levels around $1.40, with support anticipated near the opening price. This uptick suggests a robust bullish trend, making it essential for traders to closely monitor the stock for further developments that could impact their investment strategies.

In addition to its market performance, LiveOne has achieved considerable growth in its user base, surpassing 700,000 users on Tesla platforms since January 1st. Among these users, 350,000 are engaged with LiveOne’s ad-supported services, highlighting the company’s increased appeal and accessibility. Chairman and CEO Robert Ellin is set to share more insights during a presentation on January 31st, showcasing innovative strategies and expanding partnerships that are driving this growth.

Moreover, LiveOne has successfully secured over $40 million in new business-to-business partnerships, including a significant collaboration with Amazon. The B2B pipeline now includes over 70 companies, underscoring LiveOne’s commitment to expanding its influence within the music, entertainment, and technology sectors.

Positioned as a creator-first platform, LiveOne aims to deliver premium experiences and top-notch content globally. With subsidiaries such as Slacker Radio, PodcastOne, and Splitmind, the company is focused on enhancing user engagement across various platforms. By integrating new content and strategies, LiveOne is poised to capitalize on the evolving entertainment landscape while delivering value to shareholders and partners.

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