Lovesac Company [NASDAQ: LOVE] stock went on an upward path that rose over 3.62% on Wednesday, amounting to a one-week price increase of more than 18.43%.
Over the last 12 months, LOVE stock dropped by -40.79%. The one-year Lovesac Company stock forecast points to a potential upside of 52.23. 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 $204.69 million, with 14.60 million shares outstanding and 13.18 million shares in the current float. Compared to the average trading volume of 538.27K shares, LOVE stock reached a trading volume of 360223 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 $29.33 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 Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 2.34.
LOVE Stock Performance Analysis:
Lovesac Company [LOVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.43. With this latest performance, LOVE shares dropped by -7.52% in over the last four-week period, additionally sinking by -27.82% over the last 6 months – not to mention a drop of -40.79% 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 55.32, with the RSI for the last a single of trading hit 0.67, and the three-weeks RSI is set at 0.66 for Lovesac Company [LOVE]. The present Moving Average for the last 50 days of trading for this stock 14.72, while it was recorded at 12.73 for the last single week of trading, and 17.90 for the last 200 days.
Insight into Lovesac Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Lovesac Company [LOVE] shares currently have an operating margin of 2.55% and a Gross Margin at 55.56%. Lovesac Company’s Net Margin is presently recorded at 1.87%.
Lovesac Company (LOVE) Capital Structure & Debt Analysis
According to recent financial data for Lovesac Company. ( LOVE), the Return on Equity (ROE) stands at 6.45%, suggesting modest shareholder returns. The Return on Assets (ROA) is 2.64%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Lovesac Company’s Return on Invested Capital (ROIC) is 3.50%, showcasing its effectiveness in deploying capital for earnings.
Lovesac Company (LOVE) Efficiency & Liquidity Metrics
Based on Lovesac Company’s (LOVE) latest financial statements, the Debt-to-Equity Ratio is 0.98%, indicating its reliance on debt financing relative to shareholder equity.
Lovesac Company (LOVE) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Lovesac Company. (LOVE) effectively leverages its workforce, generating an average of $6290.87 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.52% and a Quick Ratio of 0.53%, indicating strong ability to cover short-term liabilities.
LOVE Stock EPS
With the latest financial reports released by the company, Lovesac Company posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.27. 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 34.80%.
Lovesac Company [LOVE] Institutonal Ownership Details
There are presently around $91.05%, or 101.47%% 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 14.9618%. 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 5.4428%.
