Better Times Ahead For Nova Lifestyle Inc (NASDAQ: NVFY)?

After grabbing 8716.0 shares, the institutional investor is now in possession of 8716.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.53% having worth around $17868.0. Moreover, UBS Securities LLC increased its share by 421.0 to have a control over 422.0 shares.

Nova Lifestyle Inc (NVFY) concluded trading on 12/28/23 at a closing price of $4.70, with 43.85 million shares of worth about $206.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 133.83% during that period and on Thursday the price saw a gain of about 203.23%. Currently the company’s common shares owned by public are about 1.42M shares, out of which, 0.94M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Nova Lifestyle Inc Vanguard Extended Market Index Fu is currently holding 8036.0 shares of worth totaling $16474.0. The company recently came buying 0.0 shares which brought its stake up to 0.49% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 1384.0 shares, have now control over 0.09% of the stake in the company. It holds 0.0 shares of worth $2837.0.

Nova Lifestyle Inc (NASDAQ: NVFY) started trading at $4.56, above $3.01 from concluding price of the previous day. However, the stock later moved at a day high price of 6.3800, or with a gain of 203.23%. Stock saw a price change of 151.04% in past 5 days and over the past one month there was a price change of 80.77%. Year-to-date (YTD), NVFY shares are showing a performance of 116.19% which increased to 88.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.50 but also hit the highest price of $6.85 during that period. The average intraday trading volume for Nova Lifestyle Inc shares is 5.77K. The stock is currently trading 140.26% above its 20-day simple moving average (SMA20), while that difference is up 117.05% for SMA50 and it goes to 82.02% higher than SMA200.

Morgan Stanley Smith Barney LLC acquired 8716.0 shares of Nova Lifestyle Inc having value of about $17868.0. Nova Lifestyle Inc (NASDAQ: NVFY) currently have 1.42M outstanding shares and institutions hold larger chunk of about 1.14% of that. Holding of mutual funds in the company is about 0.86% while other institutional holders and individual stake holders have control over 1.07% and 0.24% of the stake respectively.

The stock has a current market capitalization of $7.66M and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$8.36 in the same period. It has Quick Ratio of 0.71 while making debt-to-equity ratio of 0.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVFY, volatility over the week remained 23.52% while standing at 13.39% over the month.

Analysts at 0 brokerage firms have issued recommendations for the Nova Lifestyle Inc (NVFY)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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