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Nova Lifestyle (NASDAQ:NVFY) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Nova Lifestyle logo with Consumer Discretionary background

Key Points

  • Nova Lifestyle's stock surpassed its 50-day moving average of $2.70, reaching a high of $5.22 during trading, before closing at $5.08 with a volume of 650,503 shares.
  • Analysts at Wall Street Zen upgraded Nova Lifestyle's stock rating to "hold" on August 22nd, indicating a positive outlook for the company.
  • For the most recent quarter, Nova Lifestyle reported a loss of ($0.02) earnings per share with revenues of $2.56 million and a negative net margin of 42.53%.
  • Five stocks to consider instead of Nova Lifestyle.

Nova Lifestyle, Inc (NASDAQ:NVFY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.70 and traded as high as $5.22. Nova Lifestyle shares last traded at $5.08, with a volume of 650,503 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Nova Lifestyle to a "hold" rating in a research note on Friday, August 22nd.

Check Out Our Latest Stock Report on NVFY

Nova Lifestyle Price Performance

The company has a quick ratio of 1.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $1.61. The company has a market capitalization of $70.23 million, a price-to-earnings ratio of -1.13 and a beta of 0.76.

Nova Lifestyle (NASDAQ:NVFY - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share for the quarter. Nova Lifestyle had a negative return on equity of 107.37% and a negative net margin of 42.53%.The firm had revenue of $2.56 million for the quarter.

Nova Lifestyle Company Profile

(Get Free Report)

Nova LifeStyle, Inc, through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices.

Further Reading

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