The price-to-earnings ratio for Lovesac Company (NASDAQ: LOVE) is 18.29x, which is above its average ratio. Moreover, the 36-month beta value for LOVE is 2.84. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LOVE is 13.45M and currently, short sellers hold a 26.91% of that float. On May 10, 2024, LOVE’s average trading volume was 333.81K shares.
LOVE) stock’s latest price update
The stock of Lovesac Company (NASDAQ: LOVE) has increased by 7.57 when compared to last closing price of 23.92.Despite this, the company has seen a gain of 15.43% in its stock price over the last five trading days. InvestorPlace reported 2024-04-21 that At the beginning of 2024, retail stocks has a bright outlook. Consumer spending was holding up, the rate of inflation was easing, and there were expectations of an interest-rate cut.
LOVE’s Market Performance
LOVE’s stock has risen by 15.43% in the past week, with a monthly rise of 10.24% and a quarterly rise of 8.20%. The volatility ratio for the week is 4.66% while the volatility levels for the last 30 days are 4.70% for Lovesac Company The simple moving average for the past 20 days is 18.65% for LOVE’s stock, with a 15.90% simple moving average for the past 200 days.
Analysts’ Opinion of LOVE
Many brokerage firms have already submitted their reports for LOVE stocks, with Maxim Group repeating the rating for LOVE by listing it as a “Buy.” The predicted price for LOVE in the upcoming period, according to Maxim Group is $36 based on the research report published on April 17, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see LOVE reach a price target of $36, previously predicting the price at $32. The rating they have provided for LOVE stocks is “Buy” according to the report published on March 29th, 2023.
Oppenheimer gave a rating of “Outperform” to LOVE, setting the target price at $40 in the report published on September 11th of the previous year.
LOVE Trading at 15.85% from the 50-Day Moving Average
After a stumble in the market that brought LOVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.69% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares surge +24.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.26% upper at present.
During the last 5 trading sessions, LOVE rose by +15.43%, which changed the moving average for the period of 200-days by -8.82% in comparison to the 20-day moving average, which settled at $21.94. In addition, Lovesac Company saw 0.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LOVE starting from Siegner Keith R., who purchase 4,800 shares at the price of $20.80 back on Apr 19 ’24. After this action, Siegner Keith R. now owns 4,800 shares of Lovesac Company, valued at $99,864 using the latest closing price.
HEYER ANDREW R, the Director of Lovesac Company, purchase 8,144 shares at $20.23 during a trade that took place back on Apr 17 ’24, which means that HEYER ANDREW R is holding 37,282 shares at $164,755 based on the most recent closing price.
Stock Fundamentals for LOVE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.57 for the gross margin
The net margin for Lovesac Company stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 11.62, with 4.82 for asset returns.
Based on Lovesac Company (LOVE), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 17.12.
Currently, EBITDA for the company is 42.68 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 52.01for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To wrap up, the performance of Lovesac Company (LOVE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
