The Lovesac Company (NASDAQ:LOVE) went up by 3.57% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Furnishings Fixtures & Appliances giant went up by $27.53 to trade ended Monday trading at $26.58. This is up from the $26.58 price recorded on Friday’s trading session. Thanks to this latest performance, LOVE is closer to the higher price 52-week target of $37.00 and further from the lowest price target of $26.00. Its performance from the start of the year has also been positive, with LOVE up by 71.53% year-to-date.
The Lovesac Company (LOVE) started the day trading at $26.79 and recorded an intraday high of $28.25. It also recorded an intraday low of $26.185 during Monday’s trading session. The Lovesac Company is a very active stock that recorded a trading volume that is less than -65.44% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 383581, which is less than -65.44 of the total average daily trading volume of 634.61K.
The Lovesac Company (NASDAQ:LOVE) 2020 Performance Impressive
The increase in LOVE’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of LOVE currently stands at $31.88, which is higher than the current trading price of the stock by 13.64%. However, LOVE’s current trading price is -589.97% lower than the 52-week low price of $3.99. In terms of trading volume, The Lovesac Company currently experienced healthy participation during the last trading session. 383581 shares of The Lovesac Company were traded on the stock exchange on Monday, which is less than -65.44% of the 634.61K average trading volume of the stock.
The performance of the stock has been positive over the past year. LOVE’s performance over the past one year has seen it plunge by -11.39%, while the stock has gone up by 85.64% in the last six months. The quarterly performance of LOVE currently stands at 331.50%, and it is up by 50.36% in the last month. The only positive figure was from the weekly performance, which currently reads 5.88%. At the time of writing LOVE’s report, the company has a total market cap of $407.44M, making it one of the largest publicly-traded companies in the world.The Lovesac Company also has over 322 employees all over the world.
LOVE Insider Activities
The insider transactions over the past six months are up by 2.70%.For The Lovesac Company insiders bought 16,045 shares in 7 transactions. In that same period, insiders sold 5,486 of their shares in 6 transactions. After these transactions, insiders at The Lovesac Company now hold 1.59M shares, which is over 112.20% of the total company stocks. Institutional investors currently hold a large chunk of the LOVE shares, as they control 10.98% of the company’s total stock.
LOVE Fundamental Analysis
For The Lovesac Company, the stock’s diluted earnings per share (EPS) stands at -1.00. In the coming year, analysts expect the EPS to be -0.11. The stock’s EPS growth this year is 67.50%, with analysts expecting almost a 1 growth in the earnings per share next week.
The Return on Investment (ROI) on The Lovesac Company’s stock currently stands at -17.60%, and it has a net profit margin of -5.90%. The operating margin of the company is -6.00%, and its gross margin is 49.80%.
LOVE Analysts Prediction
In June 10, 2020, several analysts reiterated their positions on the The Lovesac Company stock and predicted its performance to their investors. The analysts at BTIG Research believe LOVE is still a Buy and set the price target between $22 and $30. Stifel reiterate their Buy position on the stock ($9 and $12) and DA Davidson also reiterate their Buy position on the stock ($37 and $16).
DA Davidson and Odeon also believe that The Lovesac Company’s stock is outperforming at the moment. LOVE received a positive rating from Stifel, which set a price target of $32-$13 for the stock.
LOVE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of LOVE currently stands at 23.02%, while the SMA50 is 62.48%. The biggest one is the SMA200, which is currently reading 97.18% ahead of Monday’s trading session. The Relative Strength Index of this stock is 70.81.