The trading price of Nova LifeStyle Inc. (NASDAQ:NVFY) floating lower at last check on Wednesday, July 21, closing at $4.08, -9.13% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $3.20 and $4.62. In examining the 52-week price action we see that the stock hit a 52-week high of $7.49 and a 52-week low of $1.45. Over the past month, the stock has gained 51.18% in value.
Nova LifeStyle Inc., whose market valuation is $27.30 million at the time of this writing, is expected to release its quarterly earnings report Aug 12, 2021 – Aug 16, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Nova LifeStyle Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NVFY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that NVFY’s price is currently 13.57% off the SMA20 and 27.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.31, and weekly volatility stands at 18.82%. When measured over the past 30 days, the indicator reaches 16.36%. Nova LifeStyle Inc. (NASDAQ:NVFY)’s beta value is currently sitting at 1.33, while the Average True Range indicator is currently displaying 0.63.
To see how Nova LifeStyle Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NVFY stock’s performance was -9.13% at last check in today’s session, and 108.84% in the past year, while La-Z-Boy Incorporated (LZB) has been trading 1.47% in recent session and positioned 23.79% higher than it was a year ago. Another comparable company Sleep Number Corporation (SNBR) saw its stock trading -12.75% lower in today’s session but was up 140.60% in a year. Furthermore, Flexsteel Industries Inc. (FLXS) showed an increase of 2.03% today while its price kept inclining at 146.13% over the past year. Nova LifeStyle Inc. has a P/E ratio of 0, compared to La-Z-Boy Incorporated’s 14.69 and Sleep Number Corporation’s 18.59. Also during today’s trading, the S&P 500 Index has surged 0.59%, while the Dow Jones Industrial also saw a positive session, up 0.62% today.
An evaluation of the daily trading volume of Nova LifeStyle Inc. (NASDAQ:NVFY) indicates that the 3-month average is 647.24K.
Currently, records show that 5.60 million of the company’s shares remain outstanding. The insiders hold 37.46% of outstanding shares, whereas institutions hold 5.20%. However, since the stock’s price has seen 88.66% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.