Lovesac Company [NASDAQ: LOVE] stock went on a downward path that fall over -1.13% on Friday, amounting to a one-week price decrease of less than -2.43%.
Over the last 12 months, LOVE stock rose by 15.92%. The one-year Lovesac Company stock forecast points to a potential upside of 29.35. The average equity rating for LOVE stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $403.41 million, with 15.43 million shares outstanding and 13.98 million shares in the current float. Compared to the average trading volume of 390.39K shares, LOVE stock reached a trading volume of 260803 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $37.00 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 1.00. 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.
Maxim Group have made an estimate for Lovesac Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2024. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on April 17, 2024, representing the official price target for Lovesac Company stock. Previously, the target price had yet another raise from $32 to $36, while ROTH MKM kept a Buy rating on LOVE stock. On September 11, 2020, analysts increased their price target for LOVE shares from 30 to 40.
The Average True Range (ATR) for Lovesac Company is set at 1.64, with the Price to Sales ratio for LOVE stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 2.05, with the Price to Cash per share for the same quarter was set at 4.00. Price to Free Cash Flow for LOVE in the course of the last twelve months was 14.18 with Quick ratio for the last quarter at 0.68.
LOVE Stock Performance Analysis:
Lovesac Company [LOVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.43. With this latest performance, LOVE shares dropped by -3.01% in over the last four-week period, additionally sinking by -6.91% over the last 6 months – not to mention a rise of 15.92% 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 44.72, with the RSI for the last a single of trading hit 48.41, and the three-weeks RSI is set at 44.32 for Lovesac Company [LOVE]. The present Moving Average for the last 50 days of trading for this stock 30.06, while it was recorded at 26.38 for the last single week of trading, and 26.37 for the last 200 days.
Insight into Lovesac Company Fundamentals:
Lovesac Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 1.49.
LOVE Stock EPS
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 Lovesac Company go to 30.00%.
Lovesac Company [LOVE] Institutonal Ownership Details
There are presently around $102.48%, or 113.97%% of LOVE stock, in the hands of institutional investors. The top three institutional holders of LOVE stocks are: FMR LLC with ownership of 2.33 million shares, which is approximately 15.0123%. BLACKROCK INC., holding 1.21 million shares of the stock with an approximate value of $$27.28 million in LOVE stocks shares; and BLACKROCK INC., currently with $$19.16 million in LOVE stock with ownership which is approximately 5.4612%.
