The trading price of Nova Lifestyle Inc (NASDAQ:NVFY) closed higher on Friday, April 19, closing at $2.76, 30.81% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $6.38 and a 52-week low of $1.45. Over the past month, the stock has gained 81.58% in value.
Nova Lifestyle Inc, whose market valuation is $6.40 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Nova Lifestyle Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NVFY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NVFY’s price is currently 2.58% off the SMA20 and 28.76% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.91, and weekly volatility stands at 19.68%. When measured over the past 30 days, the indicator reaches 15.13%. Nova Lifestyle Inc (NASDAQ:NVFY)’s beta value is currently sitting at 1.34, while the Average True Range indicator is currently displaying 0.36.
To see how Nova Lifestyle Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NVFY stock’s performance was 30.81% in the latest trading, and -5.28% in the past year.
An evaluation of the daily trading volume of Nova Lifestyle Inc (NASDAQ:NVFY) indicates that the 3-month average is 1.19 million.
Currently, records show that 1.92 million of the company’s shares remain outstanding. The insiders hold 60.99% of outstanding shares, whereas institutions hold 1.07%. However, since the stock’s price has seen -26.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
