The stock of Nova Lifestyle Inc (NASDAQ:NVFY) hit a new 52-week high and has $6.37 target or 93.00% above today’s $3.30 share price. The 9 months bullish chart indicates low risk for the $87.44 million company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $6.37 price target is reached, the company will be worth $81.32M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.10 million shares traded hands or 1939.70% up from the average. Nova Lifestyle Inc (NASDAQ:NVFY) has risen 89.39% since February 26, 2016 and is uptrending. It has outperformed by 78.97% the S&P500.
Analysts await Nova Lifestyle Inc (NASDAQ:NVFY) to report earnings on November, 21.
According to Zacks Investment Research, “Nova LifeStyle, Inc. is a designer and modern lifestyle furniture company. The company markets and develops furniture for the living room, dining room, bedroom and home office in styles. It operates primarily in the United States, People’s Republic of China, Europe, Australia and to other markets worldwide. Nova LifeStyle, Inc. is based in Commerce, United States.”
More notable recent Nova Lifestyle Inc (NASDAQ:NVFY) news were published by: Finance.Yahoo.com which released: “Nova LifeStyle Signs Share Transfer Agreement to Sell its China-Based …” on September 29, 2016, also Benzinga.com with their article: “15 Biggest Mid-Day Gainers For Friday” published on September 30, 2016, Prnewswire.com published: “Nova LifeStyle, Inc. Engages China Everbright Securities to Explore Strategic …” on July 27, 2015. More interesting news about Nova Lifestyle Inc (NASDAQ:NVFY) were released by: Quotes.Wsj.com and their article: “News Nova Lifestyle Inc.NVFY” published on January 17, 2014 as well as Finance.Yahoo.com‘s news article titled: “Nova LifeStyle Regains Compliance with Nasdaq’s Minimum Bid Price Rule” with publication date: September 22, 2016.
NVFY Company Profile
Nova LifeStyle, Inc., incorporated on October 9, 2009, is a maker of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Firm operates through the design, manufacture and sale of furniture segment. The Firm monitors trending and work to create design elements that are then integrated into its product lines that can be used as standalone, as well as whole room and home furnishing solutions. Through its global network, the Company also sells (through a third-party manufacturing partner) a range of bedding foundation components. The Company’s LifeStyle brand family includes Diamond Sofa (www.diamondsofa.com), Colorful World, Giorgio Mobili and Bright Swallow International Group Limited (Bright Swallow). The Company’s clients principally consist of distributors and retailers having a specific geographic coverage that deploy middle to high-end private label home furnishings.
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