Nova Lifestyle Inc (NVFY) Shares Soar Above 1-Year High

Nova Lifestyle Inc (NASDAQ: NVFY) has experienced a rise in its stock price by 7.74 compared to its previous closing price of 2.97. However, the company has seen a gain of 16.36% in its stock price over the last five trading days. GlobeNewsWire reported 2021-09-01 that LOS ANGELES, Sept. 01, 2021 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY ) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, participated at Las Vegas Market Summer 2021 which took place August 22 – 26.

Is It Worth Investing in Nova Lifestyle Inc (NASDAQ: NVFY) Right Now?

NVFY has 36-month beta value of 1.27.

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The public float for NVFY is 0.64M, and currently, short sellers hold a 1.51% ratio of that float. The average trading volume of NVFY on April 04, 2024 was 1.21M shares.

NVFY’s Market Performance

The stock of Nova Lifestyle Inc (NVFY) has seen a 16.36% increase in the past week, with a 82.86% rise in the past month, and a -15.34% fall in the past quarter. The volatility ratio for the week is 11.34%, and the volatility levels for the past 30 days are at 11.66% for NVFY. The simple moving average for the past 20 days is 53.48% for NVFY’s stock, with a 35.85% simple moving average for the past 200 days.

NVFY Trading at 55.23% from the 50-Day Moving Average

After a stumble in the market that brought NVFY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.84% of loss for the given period.

Volatility was left at 11.66%, however, over the last 30 days, the volatility rate increased by 11.34%, as shares surge +83.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.61% upper at present.

During the last 5 trading sessions, NVFY rose by +16.36%, which changed the moving average for the period of 200-days by +6.31% in comparison to the 20-day moving average, which settled at $2.16. In addition, Nova Lifestyle Inc saw -15.12% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NVFY

Current profitability levels for the company are sitting at:

  • -1.03 for the present operating margin
  • -0.34 for the gross margin

The net margin for Nova Lifestyle Inc stands at -1.07. The total capital return value is set at -1.84. Equity return is now at value -128.60, with -82.64 for asset returns.

Based on Nova Lifestyle Inc (NVFY), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -0.17. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -116.12.

Currently, EBITDA for the company is -15.01 million with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 124.22for trailing twelve months and the total asset turnover is 1.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.

Conclusion

To put it simply, Nova Lifestyle Inc (NVFY) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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