Nova Lifestyle Inc (NVFY) saw an uptrend of 21.71% in the recent trading with $1.85 being its most recent. The current price level -71.00% lower than the highest price of $6.38 marked by the stock while trading over the past 52-weeks, whereas it is 27.59% higher than the lowest price of $1.45 the company dropped to over past 52-weeks. The latest news story on NVFY appeared in (GlobeNewswire) under the title “Nova LifeStyle, Inc. Reports Third Quarter FY 2023 Results”.
Squeezing the time span to 30 day period shows us the stock is currently trading -5.61% below one month high and is +27.59% above of the lowest during that time. Looking into the simple moving average, Nova Lifestyle Inc (NVFY)’s stock stands at a SMA-50 of $2.0656 while that of 5-day is reading $1.5900.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NVFY’s SMA-200 as of now is $2.3461.
Nova Lifestyle Inc Earnings – What Happened With NVFY
Coming around sales and income figures on NVFY Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
NVFY – Nova Lifestyle Inc Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.42 million. NVFY does have institutional investors; and they hold 1.52% of the stock.
Nova Lifestyle Inc – Insider Activity and Holdings
As on Dec 30, 2023, Bank of Montreal/Can/ was the top most holder in Nova Lifestyle Inc (NASDAQ:NVFY) with an ownership of 15000.0 shares of the company or 0.92% of the stake worth $27750.0. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 0.30% of the outstanding shares. Its stake is worth $9122.0 for having 4931.0 shares in hand.
Tower Research Capital LLC (TRC) also came holding a key position in the company during the recent quarter and it now holds 0.30% of the outstanding shares. With this there are now 5 institutions which have possession in NVFY’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Nova Lifestyle Inc has a debt to equity ratio of 0.58.
Technical Analysis of Nova Lifestyle Inc (NASDAQ:NVFY) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Nova Lifestyle Inc (NVFY), we notice that the stock’s 20-day average volume is at 139,225 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 77,740 shares. And to end, NVFY’s 100-day average volume is 542,155 shares with 100% of the long-term indicators pointing towards Sell for the stock.
