#7 - LivexLive Media (NASDAQ:LVO)
OK, I said there were seven dividend stocks, but there’s only six. The last stock on our list does not pay a dividend but is worth your attention because of its growth in a competitive niche. LivexLive Media (NASDAQ:LIVX) stock is up 189% on a trailing 12-month basis. In the age of digital everything, LivexLive allows its users to post live stream and on-demand digital audio and video. The platform also allows users to create and post podcasts.
Similar to Spotify (NYSE:SPOT) and other streaming services, LivexLive has a tiered subscriber model. The company has a free access level and a subscription service that allows ad-free streaming, which is also the way the company generates just over 50% of its revenue. The company generates the rest of its revenue from advertising/sponsorship and pay-per-view concerts.
Unlike the other stocks in this presentation, LivexLive is not yet profitable and therefore does not offer a dividend. However it is managing to increase revenue, which was undoubtedly aided by the pandemic that had more of its users staying home. The company had record revenue in its most recent quarter. Analysts will be looking to see if the company can maintain that strong revenue growth when it reports earning in February.
About LiveOne
LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.
Read More - Current Price
- $1.19
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $2.75 (131.1% Upside)
As you can see, you can find quality dividend stocks under $10 in a variety of market sectors. You should always perform your own research, but the stocks in this presentation offer solid growth potential and, in many cases, are positioned in sectors that will lead the economy forward.
But why is now the time to look for such stocks? Simply put, there’s good evidence that the stock market has become a gigantic bubble. In fact, according to Jim Rickards, “By some metrics, valuations are higher now than they were before the 1929 crash and…second only to the dot-com crash of 2000.”
I’m not saying that to scare you, only to suggest that you may have some misgiving about the market, and if you do, there is an alternative way to invest in low-priced stocks.
Whether you’re investing for growth or value, low-priced stocks should only make up a small percentage of your total portfolio.
However, if you find stocks that trade below $10 that offer interesting growth potential, they’re worth a bit of your speculative money, particularly when they pay you a dividend for your investment.
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