Lovesac Company (NASDAQ: LOVE) on Monday, soared 10.83% from the previous trading day, before settling in for the closing price of $34.71. Within the past 52 weeks, LOVE’s price has moved between $18.21 and $36.88.
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Annual sales at Consumer Cyclical sector company grew by 34.34% over the past five years. The company achieved an average annual earnings per share of -21.49%. With a float of $13.99 million, this company’s outstanding shares have now reached $15.49 million.
Let’s look at the performance matrix of the company that is accounted for 1991 employees. In terms of profitability, gross margin is 57.01%, operating margin of 1.52%, and the pretax margin is 1.88%.
Lovesac Company (LOVE) Insider Updates
Observing investor behavior towards Furnishings, Fixtures & Appliances industry stocks is more important than anything else. The insider ownership of Lovesac Company is 10.10%, while institutional ownership is 101.79%. The most recent insider transaction that took place on Oct 03 ’24, was worth 262,200. In this transaction Director of this company sold 10,000 shares at a rate of $26.22, taking the stock ownership to the 177,849 shares. Before that another transaction happened on Oct 03 ’24, when Company’s Director proposed sale 10,000 for $27.55, making the entire transaction worth $275,500.
Lovesac Company (LOVE) Performance Highlights and Predictions
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.02 earnings per share (EPS) for the period topping the consensus outlook (set at -0.26) by 0.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -21.49% per share during the next fiscal year.
Lovesac Company (NASDAQ: LOVE) Trading Performance Indicators
Lovesac Company (LOVE) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86. Likewise, its price to free cash flow for the trailing twelve months is 32.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.51, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach 1.68 in one year’s time.
Technical Analysis of Lovesac Company (LOVE)
Lovesac Company (NASDAQ: LOVE) saw its 5-day average volume 0.52 million, a positive change from its year-to-date volume of 0.29 million. As of the previous 9 days, the stock’s Stochastic %D was 86.12%. Additionally, its Average True Range was 1.69.
During the past 100 days, Lovesac Company’s (LOVE) raw stochastic average was set at 97.55%, which indicates a significant increase from 95.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.68% in the past 14 days, which was lower than the 62.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.06, while its 200-day Moving Average is $25.26. Nevertheless, the first resistance level for the watch stands at $39.97 in the near term. At $41.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.00. If the price goes on to break the first support level at $35.94, it is likely to go to the next support level at $33.41. Assuming the price breaks the second support level, the third support level stands at $31.91.
Lovesac Company (NASDAQ: LOVE) Key Stats
Market capitalization of the company is 598.54 million based on 15,559K outstanding shares. Right now, sales total 700,270 K and income totals 23,860 K. The company made 156,590 K in profit during its latest quarter, and -5,860 K in sales during its previous quarter.
