In last trading session, Lovesac Company (NASDAQ:LOVE) saw 0.54 million shares changing hands with its beta currently measuring 3.05. Company’s recent per share price level of $23.93 trading at $0.51 or 2.18% at ring of the bell on the day assigns it a market valuation of $369.31M. That closing price of LOVE’s stock is at a discount of -65.02% from its 52-week high price of $39.49 and is indicating a premium of 23.9% from its 52-week low price of $18.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 360.19K if we extend that period to 3-months.
For Lovesac Company (LOVE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.85 in the current quarter.
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Lovesac Company (NASDAQ:LOVE) trade information
Upright in the green during last session for gaining 2.18%, in the last five days LOVE remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $23.93 price level, adding 14.29% to its value on the day. Lovesac Company’s shares saw a change of -6.34% in year-to-date performance and have moved -9.15% in past 5-day. Lovesac Company (NASDAQ:LOVE) showed a performance of -27.62% in past 30-days. Number of shares sold short was 3.88 million shares which calculate 12.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 38 to the stock, which implies a rise of 37.03% to its current value. Analysts have been projecting 31 as a low price target for the stock while placing it at a high target of 45. It follows that stock’s current price would drop -29.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -29.54% for stock’s current value.
Lovesac Company (LOVE) estimates and forecasts
Statistics highlight that Lovesac Company is scoring comparatively lower than the scores of other players of the relevant industry. The company added 9.52% of value to its shares in past 6 months, showing an annual growth rate of -73.10% while that of industry is -16.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.40% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 230.33M for the same. And 5 analysts are in estimates of company making revenue of 140.08M in the next quarter. Company posted 250.51M and 132.64M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -68.74% while estimates for its earnings growth in next 5 years are of 30.00%.
Lovesac Company (NASDAQ:LOVE)’s Major holders
Insiders are in possession of 10.08% of company’s total shares while institution are holding 102.48 percent of that, with stock having share float percentage of 113.97%. Investors also watch the number of corporate investors in a company very closely, which is 102.48% institutions for Lovesac Company that are currently holding shares of the company. FMR LLC is the top institutional holder at LOVE for having 2.33 million shares of worth $52.67 million. And as of 2024-06-30, it was holding 15.0123 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7752 of outstanding shares, having a total worth of $27.28 million.
On the other hand, Fidelity Small Cap Growth Fund and Roxbury/Hood River Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 1.2 shares of worth $28.69 million or 7.77% of the total outstanding shares. The later fund manager was in possession of 699.41 shares on Oct 31, 2024 , making its stake of worth around $16.74 million in the company or a holder of 4.53% of company’s stock.
