Bullish Projections for Live Ventures’ (LIVE) Revenues; H.C. Wainwright Foresees Upside in Ocera Therapeutics (OCRX)

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Shares of Live Ventures Inc. (Nasdaq:LIVE) soared more than 25% to touch a new 52-week High in pre-market trading Wednesday after the company delivered strong growth in its financial results.

For its full-year fiscal 2016, Live Ventures posted revenues of $79 million, a 136% increase year over year, and net profit of about $17.82 million, or $8.92 per share for the period.

The diversified holding company said it anticipates full-year fiscal 2017 revenue to be over $120 million, representing more than 50% increase versus 2016.

Live Ventures, which focus on acquiring profitable companies that have demonstrated a strong history of earnings power, has 2.79M shares outstanding. At close on Tuesday, the company had a market capitalization of $72.78M and LIVE stock one-year range was between $6.00 and $26.45 per share

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Ocera Therapeutics Inc. (Nasdaq:OCRX) shares climbed over 15% before the opening bell Wednesday as analysts at H.C. Wainwright initiated coverage in the company’s stock with a Buy rating and a price target of $10.00, representing a potential upside of 284.61% from the stock’s closing price on Tuesday of $2.20.

Ocera Therapeutics, which focuses on the development and commercialization of OCR-002 for the treatment of hepatic encephalopathy, has 23.14M shares outstanding, market capitalization (intraday) of $50.92M and OCRX stock 52-week range is from $1.76 to $3.90 per share

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