Eva Live (GOAI)
Market Price (2/3/2026): $3.79 | Market Cap: $118.8 MilSector: Information Technology | Industry: Systems Software
Eva Live (GOAI)
Market Price (2/3/2026): $3.79Market Cap: $118.8 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.8% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 87% | High stock price volatilityVol 12M is 198% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 50% | Key risksGOAI key risks include [1] extreme stock volatility and a lack of institutional validation, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% | |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Social Media & Creator Economy. Themes include AI Software Platforms, Social Media Platforms, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 87% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 50% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Social Media & Creator Economy. Themes include AI Software Platforms, Social Media Platforms, Show more. |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.8% |
| High stock price volatilityVol 12M is 198% |
| Key risksGOAI key risks include [1] extreme stock volatility and a lack of institutional validation, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Post-Nasdaq Uplisting Sell-Off
Eva Live (GOAI) experienced a significant sell-off immediately following its uplisting to the Nasdaq Stock Market. The company announced its approval for Nasdaq listing, with trading commencing on January 28, 2026. Despite a press release on January 29, 2026, highlighting "Nasdaq Debut Draws Strong Attention with Proprietary A.I. Technology," the stock was reported down 31.89% on the same day. This sharp decline suggests a "buy the rumor, sell the news" event, where investors may have driven the price up in anticipation of the uplisting, only to sell off once the event materialized. The stock, which was around $7.220 on January 5, 2026, dropped to approximately $3.92 by February 2, 2026.
2. Market Re-evaluation on a Major Exchange
The transition from the OTCQB to Nasdaq brought increased scrutiny and re-evaluation from a broader base of institutional investors and analysts. On a major exchange like Nasdaq, companies are often subject to more rigorous financial analysis and comparison against larger, more established competitors. Given Eva Live's relatively small operational footprint, with only three employees and a market capitalization of around $130.07 million, investors may have deemed its valuation, potentially inflated before the uplisting, as unsustainable in this new, more demanding environment. Technical indicators on February 2, 2026, issued a "Strong Sell" signal for GOAI based on moving averages.
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Stock Movement Drivers
Fundamental Drivers
The -10.5% change in GOAI stock from 10/31/2025 to 2/2/2026 was primarily driven by a -88.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.00 | 3.58 | -10.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13 | 16 | 23.0% |
| Net Income Margin (%) | 8.1% | 49.9% | 515.3% |
| P/E Multiple | 121.6 | 14.4 | -88.2% |
| Shares Outstanding (Mil) | 31 | 31 | 0.0% |
| Cumulative Contribution | -10.5% |
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| GOAI | -10.5% | |
| Market (SPY) | 2.0% | 5.1% |
| Sector (XLK) | -3.4% | 28.2% |
Fundamental Drivers
The -15.5% change in GOAI stock from 7/31/2025 to 2/2/2026 was primarily driven by a -41.8% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.24 | 3.58 | -15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 16 | 45.3% |
| P/S Multiple | 12.3 | 7.2 | -41.8% |
| Shares Outstanding (Mil) | 31 | 31 | 0.0% |
| Cumulative Contribution | -15.5% |
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| GOAI | -15.5% | |
| Market (SPY) | 10.3% | 3.1% |
| Sector (XLK) | 10.7% | 15.2% |
Fundamental Drivers
The 68.1% change in GOAI stock from 1/31/2025 to 2/2/2026 was primarily driven by a 86.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.13 | 3.58 | 68.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 16 | 86.8% |
| P/S Multiple | 7.9 | 7.2 | -9.6% |
| Shares Outstanding (Mil) | 31 | 31 | -0.4% |
| Cumulative Contribution | 68.1% |
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| GOAI | 68.1% | |
| Market (SPY) | 16.6% | 3.2% |
| Sector (XLK) | 26.5% | 6.5% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| GOAI | 78.1% | |
| Market (SPY) | 77.5% | 5.1% |
| Sector (XLK) | 118.0% | 2.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GOAI Return | -50% | -32% | -25% | -29% | 608% | -48% | -33% |
| Peers Return | 6% | -55% | 84% | 158% | -8% | -17% | 74% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| GOAI Win Rate | 42% | 42% | 42% | 33% | 50% | 0% | |
| Peers Win Rate | 49% | 30% | 62% | 57% | 48% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GOAI Max Drawdown | -67% | -63% | -50% | -40% | 0% | -48% | |
| Peers Max Drawdown | -30% | -64% | -13% | -19% | -49% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTD, APP, MGNI, PUBM, DV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
| Event | GOAI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | 359.1% | -25.4% |
| % Gain to Breakeven | -78.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -81.5% | -33.9% |
| % Gain to Breakeven | 441.7% | 51.3% |
| Time to Breakeven | 129 days | 148 days |
| 2018 Correction | ||
| % Loss | -94.2% | -19.8% |
| % Gain to Breakeven | 1622.2% | 24.7% |
| Time to Breakeven | 483 days | 120 days |
Compare to TTD, APP, MGNI, PUBM, DV
In The Past
Eva Live's stock fell 359.1% during the 2022 Inflation Shock from a high on 2/19/2021. A 359.1% loss requires a -78.2% gain to breakeven.
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About Eva Live (GOAI)
AI Analysis | Feedback
1. Live Nation Entertainment for diverse live events.
2. A smaller-scale version of Live Nation Entertainment.
AI Analysis | Feedback
- Live Event Production and Promotion: Eva Live specializes in organizing, promoting, and executing large-scale live entertainment events, including concerts and music festivals.
- Experiential Marketing Services: The company designs and delivers immersive brand experiences for clients, integrating marketing campaigns with live events and interactive activations.
AI Analysis | Feedback
Eva Live (symbol: GOAI) primarily sells to individuals who attend or participate in its live interactive events and experiences. Based on its business model as an AI-powered global entertainment platform connecting artists with fans, its major customers fall into the following categories:
- Attendees of Live Music Events: Individuals who purchase tickets and attend concerts, music festivals, and other live musical performances promoted or managed through the Eva Live platform. This includes fans of various genres and artists.
- Fans of Diverse Entertainment & Performance Arts: Individuals interested in a broader spectrum of live entertainment, such as comedy shows, theatrical performances, dance events, and other cultural or artistic showcases.
- Participants in Interactive Virtual Events & Digital Experiences: Individuals who engage with online, AI-enhanced interactive events, virtual concerts, fan meet-and-greets, or other digital experiences facilitated by the Eva Live technology, often for exclusive content or direct artist interaction.
AI Analysis | Feedback
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AI Analysis | Feedback
David Boulette Founder, Chairman, Chief Executive Officer, Secretary and President
David Boulette is the Founder, Chairman, Chief Executive Officer, Secretary, and President of Eva Live, Inc.. He was appointed CEO on May 31, 2025. Mr. Boulette is also the founder of EvaMedia Corp., established in 2015, where he holds the titles of Director, Chief Executive & Science Officer. He previously served as an Independent Director at Advanced Gold Exploration, Inc. from 2022 to 2023. David Boulette devotes 100% of his time to Eva Live.
Imran Firoz Interim Chief Financial Officer
Imran Firoz was appointed Interim Chief Financial Officer of Eva Live Inc. on September 22, 2025. Prior to this, he served as a financial and management consultant for Eva Live and its predecessor entities since May 2019, contributing significantly to financial strategy, audit readiness, capital markets planning, and uplisting initiatives. Mr. Firoz is a co-founder, Chief Financial Officer, and Director of FDCTech, Inc. since January 2016, where his responsibilities include strategic planning, corporate development, mergers and acquisitions (M&A), financial restructuring, and risk management. He also owns Spark Capital Investments, LLC, a consulting firm offering financial and management advisory services to small private and public companies, which he established in January 2019. From December 2011 to May 2015, Mr. Firoz was the CEO and Director of ABT Holdings, Inc. (also known as Scoobeez Global, Inc.). Subsequently, from May 2015 to March 2017, he served as CFO and Director of ABT, playing a key role in the acquisition, development, and growth of Scoobeez, Inc., an on-demand messenger, delivery, and courier company, which experienced revenue growth from under $500,000 to $27 million during his tenure. Additionally, Mr. Firoz was a Managing Director of Match-Trade Technologies L.L.C., a financial technology company, from February 2014 to December 2019. He also operated as a Managing Partner of Marque 3 LLC, a management consulting company, from July 2007 to March 2017. Earlier in his career, in January 2002, he was an Associate, Investment Banking for National Bank Financial, Canada, where he was a key member of an M&A advisory team for the $10 billion three-way mega gold merger of Newmont-Normandy-Franco-Nevada.
Darly Walser Chief Marketing Officer and Executive Director
Darly Walser serves as the Chief Marketing Officer and Executive Director for Eva Live. She dedicates 75% of her time to the company's business.
Phil Aspin Executive Director
Phil Aspin is an Executive Director of Eva Live. He also holds the position of Director and CEO of AdFlare. Mr. Aspin devotes 75% of his time to the company's business.
Ali Shadman Independent Director
Ali Shadman was appointed as an independent director of Eva Live Inc. on June 2, 2025. He is the Founder and Managing Director of Davidan Systems Inc., a technology advisory firm, and is also the CEO of Genimous Interactive Investment Co., Ltd.. Furthermore, he serves as a Board Member of Eightpoint Interactive Inc..
AI Analysis | Feedback
The public company Eva Live (symbol: GOAI) faces several key risks to its business, primarily stemming from its recent market activity and the nature of its disclosed information.
- Extreme Stock Volatility and Lack of Institutional Validation: Eva Live's stock has exhibited extreme volatility, including a significant 70% decline since January 28, 2026. The company is characterized as a "high-risk, high-reward opportunity" due to "extreme volatility" and a "lack of institutional validation." This suggests considerable market uncertainty and speculative trading around its shares.
- Lack of Differentiated Technology Details and Unsubstantiated Claims: The company has not provided specific details on how its proprietary AI ad server technology differentiates itself from competitors, which could raise questions about its actual competitive advantage. Moreover, claims of consistent growth and market share gains are not supported by detailed financial data, potentially leading to investor skepticism.
- Inherent Risks in Forward-Looking Statements and Cybersecurity Threats: Eva Live's public statements include numerous forward-looking statements that carry "inherent risks, indicating uncertainty in the company's future performance and potential market outcomes." Additionally, like other technology-driven companies, Eva Live is exposed to cybersecurity threats, although it has not yet experienced a material incident that has affected its operations or financial performance.
AI Analysis | Feedback
nullAI Analysis | Feedback
nullAI Analysis | Feedback
Eva Live (symbol: GOAI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives, primarily leveraging its artificial intelligence (AI) technology. Here are 3-5 expected drivers of future revenue growth: * Growth in Customer Base and Market Expansion: Eva Live has demonstrated significant customer expansion, securing new contracts in sectors such as healthcare, finance, and retail. The company's focus on attracting new clients across various sectors and its commitment to fostering innovation for these clients are strong indicators of continued customer base growth. * Expansion and Optimization of AI-Driven Advertising Solutions (Eva Platform): The company's proprietary Eva Platform, which utilizes AI for precision ad targeting, real-time media arbitrage, campaign optimization, and automated ad creation across major advertising networks, is a core driver. Continued enhancements and broader adoption of this platform are expected to fuel revenue. * Launch of New AI-Driven Products and Services: Eva Live has a track record of launching new AI-driven solutions, including predictive analytics tools and enhanced machine learning models. The ongoing development and introduction of innovative AI technologies will likely create new revenue streams and strengthen existing ones. * Strategic Partnerships: Eva Live has actively formed strategic collaborations, including profit-sharing and technology integration agreements with partners in data analytics, publishing, financial services, and digital development. These partnerships are crucial for enhancing market entry and service delivery, thereby contributing to revenue growth.AI Analysis | Feedback
Here is a summary of Eva Live's (GOAI) capital allocation decisions over the last 3-5 years:Share Repurchases
- Eva Live has not reported any dollar amount of share repurchases made over the last 3-5 years.
Share Issuance
- Eva Live reported common stock issuance of $608,800.00, as per data updated in mid-January 2026.
- The company executed a 1-for-4 reverse stock split on February 11, 2025, as part of a strategy for uplisting to a national exchange.
- Eva Live is planning a public offering of units, each consisting of one share of common stock and one warrant to purchase an additional share, with an intent to apply for listing on the Nasdaq Capital Market.
Inbound Investments
- Eva Live announced a strategic and profit-sharing partnership with Eightpoint Interactive, Inc. in October 2025. Under this agreement, Eva provides platform access, technical support, and maintenance services, and receives a 30% share of net profits from Eightpoint's use of its AI-enabled advertising platform.
Capital Expenditures
- Eva Live reported capital expenditures of -$6.5K in a recent period.
- The company's investing cash flow was -$10.20K.
- Net Property, Plant, and Equipment (PPE) was reported at $15,172.00.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.33 |
| Mkt Cap | 1.9 |
| Rev LTM | 718 |
| Op Inc LTM | 83 |
| FCF LTM | 151 |
| FCF 3Y Avg | 144 |
| CFO LTM | 199 |
| CFO 3Y Avg | 183 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.8% |
| Rev Chg 3Y Avg | 20.1% |
| Rev Chg Q | 14.5% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Mgn LTM | 15.6% |
| Op Mgn 3Y Avg | 6.1% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 29.8% |
| CFO/Rev 3Y Avg | 30.2% |
| FCF/Rev LTM | 21.0% |
| FCF/Rev 3Y Avg | 22.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 4.0 |
| P/EBIT | 22.0 |
| P/E | 33.9 |
| P/CFO | 9.4 |
| Total Yield | 2.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -18.6% |
| 3M Rtn | -17.0% |
| 6M Rtn | -34.7% |
| 12M Rtn | -33.4% |
| 3Y Rtn | -18.7% |
| 1M Excs Rtn | -22.1% |
| 3M Excs Rtn | -17.9% |
| 6M Excs Rtn | -44.5% |
| 12M Excs Rtn | -49.0% |
| 3Y Excs Rtn | -80.4% |
Price Behavior
| Market Price | $3.58 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/14/2008 | |
| Distance from 52W High | -53.8% | |
| 50 Days | 200 Days | |
| DMA Price | $2.85 | $2.42 |
| DMA Trend | up | up |
| Distance from DMA | 25.8% | 48.1% |
| 3M | 1YR | |
| Volatility | 262.3% | 288.4% |
| Downside Capture | 471.93 | 346.18 |
| Upside Capture | 276.14 | 351.18 |
| Correlation (SPY) | 3.9% | 2.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.47 | 0.90 | 0.54 | 0.28 | 0.23 | 0.44 |
| Up Beta | 4.09 | 2.88 | 1.50 | 0.88 | -0.71 | -0.73 |
| Down Beta | 2.54 | 5.84 | 3.81 | 2.00 | 0.34 | 0.71 |
| Up Capture | -148% | -100% | -35% | -23% | 121% | 77% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 3 | 6 | 8 | 27 | 42 | 98 |
| Down Capture | 1200% | -83% | -33% | -20% | 100% | 95% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 4 | 5 | 6 | 22 | 39 | 95 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOAI | |
|---|---|---|---|---|
| GOAI | -44.0% | 153.5% | -0.72 | - |
| Sector ETF (XLK) | 25.8% | 26.9% | 0.83 | 12.8% |
| Equity (SPY) | 16.0% | 19.2% | 0.64 | 1.0% |
| Gold (GLD) | 66.9% | 23.7% | 2.11 | 23.9% |
| Commodities (DBC) | 7.0% | 16.3% | 0.23 | 16.1% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | -14.3% |
| Bitcoin (BTCUSD) | -19.7% | 39.9% | -0.46 | -10.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOAI | |
|---|---|---|---|---|
| GOAI | 106.6% | 322.8% | 2.29 | - |
| Sector ETF (XLK) | 17.6% | 24.7% | 0.64 | 3.3% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 0.4% |
| Gold (GLD) | 19.9% | 16.6% | 0.97 | 10.4% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 6.7% |
| Real Estate (VNQ) | 4.5% | 18.8% | 0.15 | -3.8% |
| Bitcoin (BTCUSD) | 20.9% | 57.6% | 0.56 | 11.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOAI | |
|---|---|---|---|---|
| GOAI | 32.6% | 391.4% | 1.95 | - |
| Sector ETF (XLK) | 23.3% | 24.2% | 0.88 | 5.2% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 2.9% |
| Gold (GLD) | 15.0% | 15.3% | 0.81 | 11.8% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 2.1% |
| Real Estate (VNQ) | 5.8% | 20.8% | 0.25 | -1.0% |
| Bitcoin (BTCUSD) | 71.1% | 66.4% | 1.10 | 2.9% |
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External Quote Links
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