LiveDeal stock plunges to 52-week low of $6.25

In a challenging market environment, LiveDeal Inc. has seen its stock price tumble to near its 52-week low of $6.50, with current trading at $6.52. According to InvestingPro analysis, the company appears slightly undervalued at these levels, despite its micro-cap status with a market capitalization of just $21.5 million. This significant downturn in the company’s market valuation reflects a stark 1-year change, with the stock price plummeting by nearly 73% from its 52-week high of $27.81. While investors closely monitor LiveDeal’s performance, InvestingPro data reveals some positive fundamentals, including 15.6% revenue growth and an attractive Price-to-Book ratio of 0.29. For deeper insights, investors can access 10 additional ProTips and a comprehensive Pro Research Report, part of the extensive analysis available for over 1,400 US stocks on InvestingPro.

In other recent news, Live Ventures Incorporated reported its fourth-quarter earnings for 2024, revealing an improvement in earnings per share (EPS) to $0.16, surpassing the forecast of $1.44. However, the company experienced a 5.2% decrease in revenue year-over-year, reporting $111.5 million, which still exceeded expectations of $104 million. Additionally, Live Ventures renegotiated its debt related to the acquisition of several companies, including Flooring Liquidators, reducing the outstanding principal from $34 million to $15 million, as per a recent SEC filing. The employment agreement of Stephen J. Kellogg, a key executive in the acquired companies, was adjusted, with Kellogg now serving part-time with a potential performance bonus contingent on future financial results. The company’s gross margin increased slightly to 31.7%, despite a decrease in gross profit. Furthermore, Live Ventures settled significant liabilities, generating $3.5 million in gains. These developments come as the company navigates challenging market conditions, particularly in the flooring industry.

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