Monday, January 18, 2021

The Lovesac Company [LOVE] Stock trading around $22.42 per share: What’s Next?

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The Lovesac Company [NASDAQ: LOVE] jumped around 2.67 points on Tuesday, while shares priced at $22.42 at the close of the session, up 13.52%. The Lovesac Company stock is now 39.69% up from its year-to-date (YTD) trading value. LOVE Stock saw the intraday high of $29.74 and lowest of $20.05 per share. The company’s 52-week high price is 40.50, which means current price is +461.20% above from all time high which was touched on 06/09/20.

Compared to the average trading volume of 493.76K shares, LOVE reached a trading volume of 5336836 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about The Lovesac Company [LOVE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOVE shares is $21.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LOVE stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for The Lovesac Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 29, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on April 20, 2020, representing the official price target for The Lovesac Company stock. Previously, the target price had yet another raise from $9 to $12, while Stifel kept a Buy rating on LOVE stock. On April 09, 2020, analysts decreased their price target for LOVE shares from 37 to 16.

The Average True Range (ATR) for The Lovesac Company is set at 2.65, with the Price to Sales ratio for LOVE stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 3.60, with the Price to Cash per share for the same quarter was set at 3.52.

How has LOVE stock performed recently?

The Lovesac Company [LOVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.75. With this latest performance, LOVE shares gained by 63.77% in over the last four-week period, additionally plugging by 49.87% over the last 6 months – not to mention a drop of -42.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LOVE stock in for the last two-week period is set at 72.61, with the RSI for the last a single of trading hit 74.54, and the three-weeks RSI is set at 69.53 for The Lovesac Company [LOVE]. The present Moving Average for the last 50 days of trading for this stock 12.03, while it was recorded at 18.92 for the last single week of trading, and 13.51 for the last 200 days.

The Lovesac Company [LOVE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Lovesac Company [LOVE] shares currently have an operating margin of -6.77 and a Gross Margin at +47.79. The Lovesac Company’s Net Margin is presently recorded at -6.52.

Return on Total Capital for LOVE is now -18.71, given the latest momentum, and Return on Invested Capital for the company is -18.00. Return on Equity for this stock declined to -18.00, with Return on Assets sitting at -13.18.

Reflecting on the efficiency of the workforce at the company, The Lovesac Company [LOVE] managed to generate an average of -$19,030 per employee. Receivables Turnover for the company is 41.88 with a Total Asset Turnover recorded at a value of 2.02.The Lovesac Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.10.

Earnings analysis for The Lovesac Company [LOVE]

With the latest financial reports released by the company, The Lovesac Company posted -0.31/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 38.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LOVE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Lovesac Company go to 30.00%.

Insider trade positions for The Lovesac Company [LOVE]

There are presently around $230 million, in the hands of institutional investors. The top three institutional holders of LOVE stocks are: ALLIANCEBERNSTEIN L.P. with ownership of 1,556,150, which is approximately -4.874% of the company’s market cap and around 14.30% of the total institutional ownership; JANUS HENDERSON GROUP PLC, holding 1,134,184 shares of the stock with an approximate value of $22.4 million in LOVE stocks shares; and WASATCH ADVISORS INC, currently with $21.96 million in LOVE stock with ownership of nearly 9.529% of the company’s market capitalization.

Positions in The Lovesac Company stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 44 institutional holders increased their position in The Lovesac Company [NASDAQ:LOVE] by around 1,285,359 shares. Additionally, 39 investors decreased positions by around 2,296,543 shares, while 5 investors held positions by with 8,067,325 shares. The mentioned changes placed institutional holdings at 11,649,227 shares, according to the latest SEC report filing. LOVE stock had 12 new institutional investments in for a total of 298,234 shares, while 21 institutional investors sold positions of 1,368,195 shares during the same period.

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