LiveXLive Media, Inc. (NASDAQ: LIVX) changed -9.46% to recent value of $2.01. The stock transacted 141761 shares during most recent day however it has an average volume of 95.76K shares. It spotted trading -72.21% off 52-week high price. On the other end, the stock has been noted -4.51% away from the low price over the last 52-weeks.
LiveXLive Media, Inc. (NASDAQ: LIVX) (“LiveXLive”), a global digital media company focused on live entertainment, announced that Rahman Dukes has been named the Head of Urban Programming of LiveXLive. A digital media pioneer as well as a creator with long-standing relationships with artists, Dukes will create, develop and produce urban programming across LiveXLive’s video and audio platforms, building on LiveXLive’s history of bringing the hottest artists in hip-hop, from Chance the Rapper to Travis Scott, Lil Wayne, and Juice WRLD, to music fans worldwide.
Dukes, who was integral to the success of LiveXLive’s inaugural LiveZone at its Rolling Loud debut in December 2018, will lead the activation of the on-site music news program, expanding its presence and profile at urban festivals and events globally. He will also serve as a liaison for LiveXLive’s Brand Ambassador Nas and oversee the relationship between LiveXLive and Mass Appeal, a multipronged urban culture company that is home to Nas’ record label.
“Rahman is a true pioneer of digital media,” said Dermot McCormack, President of LiveXLive. “He will solidify and expand our connection to the hip hop genre and culture as we continue to push the envelope with initiatives from the continuing evolution of LiveZone to our partnership with Mass Appeal.”
Dukes began his career as an intern at MTV and quickly moved up the ranks to ultimately become the managing editor of MTV.com and MTVnews.com. In addition to overseeing the news operations, Dukes developed and produced original content for MTV brands, including MTV Jams, YO! MTV Raps, and MTV Unplugged. Responsible for introducing hip hop legends Kanye West and 50 Cent, among many others, to the network, Dukes developed MTV’s first digital rap series, RapFix, and one of its first streaming properties, RapFix Live.
LIVX has a gross margin of 10.80% and an operating margin of -95.40% . Its earnings per share (EPS) expected to touch remained -51.50% for this year .
The company has 56.8M of outstanding shares and 30.8M shares were floated in the market. According to the most recent quarter its current ratio was 0.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -22.00% from the mean of 20 days, -30.90% from mean of 50 days SMA and performed -55.70% from mean of 200 days price. Company’s performance for the week was -19.60%, -22.39% for month and YTD performance remained -59.39%.
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.
