At the time of writing, Lovesac Company [LOVE] stock is trading at $18.49, up 16.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LOVE shares have gain 19.99% over the last week, with a monthly amount glided 9.34%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Lovesac Company [NASDAQ: LOVE] stock has seen the most recent analyst activity on June 17, 2024, when Maxim Group reiterated its Buy rating and also boosted its price target to $38 from $36. Previously, Maxim Group started tracking the stock with Buy rating on April 17, 2024, and set its price target to $36. On March 29, 2023, ROTH MKM reiterated its Buy rating and revised its price target to $36 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $40 on September 11, 2020. BTIG Research reiterated its recommendation of a Buy and raised its price target to $30 on June 10, 2020. BTIG Research started tracking with a Buy rating for this stock on April 29, 2020, and assigned it a price target of $22. In a note dated April 20, 2020, ROTH Capital initiated an Buy rating and provided a target price of $16 on this stock.
For the past year, the stock price of Lovesac Company fluctuated between $12.12 and $39.49. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Lovesac Company [NASDAQ: LOVE] shares were valued at $18.49 at the most recent close of the market. An investor can expect a potential return of 143.37% based on the average LOVE price forecast.
Analyzing the LOVE fundamentals
According to Lovesac Company [NASDAQ:LOVE], the company’s sales were 689.64M for trailing twelve months, which represents an -2.68% plunge. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.84 points at the first support level, and at 15.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.72, and for the 2nd resistance point, it is at 20.95.
Ratios To Look Out For
It is important to note that Lovesac Company [NASDAQ:LOVE] has a current ratio of 1.49. Also, the Quick Ratio is 0.68, while the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.45 and price to earnings (TTM) ratio is 54.00.
Transactions by insiders
Recent insider trading involved Krause Albert Jack, Director, that happened on Jan 17 ’25 when 30000.0 shares were sold. Director, Jack Krause completed a deal on Jan 17 ’25 to buy 30000.0 shares. Meanwhile, Director McLallen Walter Field bought 4000.0 shares on Dec 20 ’24.
