Nova Lifestyle Inc (NASDAQ:NVFY) concluded the trading at $3.04 on Friday, March 22, with a rise of 64.32% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.85 and 5Y monthly beta was reading 1.15. Considering stock’s 52-week price range provides that NVFY hit a high price of $6.38 and saw its price falling to a low level of $1.45 during that period. Over a period of past 1-month, stock came adding 64.32% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review NVFY stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the NVFY stock which is currently positioned at 0. It further provides that stock’s current price level is 82.53% away from its 20-day simple moving average and is 47.17% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 78.64 while volatility remained at 19.31% over the past week which changes to 10.55% when measuring it over the past month. Beta is valued at 1.16, while measure of average true range or ATR is currently at 0.34.
Having a second look at Nova Lifestyle Inc (NASDAQ:NVFY) provides that stock’s average daily trading volume for 3 months was 887.60K, while it jumped to 0.26 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 1.42 million.
The percentage of outstanding shares held by the insiders is 42.64% while it is 1.52% for the institutional holders. The figures also indicate that as of Feb 29, 2024, number of stock’s short shares was 14960.0 which implies a short ratio of 0.46. This shows up a 0.92% of Short Interest in company’s outstanding shares on the day. In February the standing of shares short improved as it was 6360.0 in the previous month. Subtraction of -19.36% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
