The price-to-earnings ratio for Lovesac Company (NASDAQ: LOVE) is above average at 30.62x, Company’s 36-month beta value is 2.91.Analysts have differing 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 13.97M, and currently, short sellers hold a 26.91% ratio of that floaft. The average trading volume of LOVE on September 12, 2024 was 254.92K shares.
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LOVE) stock’s latest price update
Lovesac Company (NASDAQ: LOVE)’s stock price has gone rise by 22.79 in comparison to its previous close of 21.02, however, the company has experienced a 15.43% increase in its stock price over the last five trading days. zacks.com reported 2024-09-12 that More economic data is out this week this morning, among them the sister report to yesterday’s CPI number: the Producer Price Index (PPI). Look at this as the wholesale print on inflation, whereas the CPI reports retail inflation.
LOVE’s Market Performance
LOVE’s stock has risen by 15.43% in the past week, with a monthly rise of 13.45% and a quarterly drop of -0.65%. The volatility ratio for the week is 5.11% while the volatility levels for the last 30 days are 4.19% for Lovesac Company The simple moving average for the past 20 days is 12.55% for LOVE’s stock, with a 7.56% 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 $38 based on the research report published on June 17, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see LOVE reach a price target of $36. The rating they have provided for LOVE stocks is “Buy” according to the report published on April 17th, 2024.
ROTH MKM gave a rating of “Buy” to LOVE, setting the target price at $36 in the report published on March 29th of the previous year.
LOVE Trading at 5.27% 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 -15.07% of loss for the given period.
Volatility was left at 4.19%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares surge +15.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.14% upper at present.
During the last 5 trading sessions, LOVE rose by +16.19%, which changed the moving average for the period of 200-days by +32.69% in comparison to the 20-day moving average, which settled at $23.11. In addition, Lovesac Company saw 1.02% 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 Nelson Shawn David, who sale 18,988 shares at the price of $23.33 back on Jun 20 ’24. After this action, Nelson Shawn David now owns 165,855 shares of Lovesac Company, valued at $443,078 using the latest closing price.
Nelson Shawn David, the Chief Executive Officer of Lovesac Company, sale 4,873 shares at $23.10 during a trade that took place back on Jun 21 ’24, which means that Nelson Shawn David is holding 160,982 shares at $112,566 based on the most recent closing price.
Stock Fundamentals for LOVE
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.57 for the gross margin
The net margin for Lovesac Company stands at 0.01. The total capital return value is set at 0.2. Equity return is now at value 7.61, with 3.34 for asset returns.
Based on Lovesac Company (LOVE), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 70.87.
Currently, EBITDA for the company is 42.68 million with net debt to EBITDA at 3.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 46.92for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In a nutshell, Lovesac Company (LOVE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
