Nova Lifestyle (NVFY, Financial) experienced a significant stock increase, jumping 8.05%. The stock reached $1.42 per share with a trading volume of 3,059 shares and a turnover rate of 0.10% amidst a 3.04% fluctuation.
Recent financial reports revealed Nova Lifestyle's revenue at $2.69 million and a net loss of $563,489, equating to earnings per share of -$0.22. The gross profit stood at $1.19 million, with a price-to-earnings ratio of -0.29. Currently, no institutional ratings for buy, hold, or sell are available for Nova Lifestyle.
The furniture and appliance sector, where Nova Lifestyle operates, has faced a 2.02% decline. Within this sector, other notable stocks with significant gains include Irobot Corporation and Orion Energy Systems, Inc. Meanwhile, stocks such as Irobot Corporation, Sleep Number Corporation, and Whirlpool showed higher trading activity. Stocks with greater fluctuations included Fgi Industries Ltd., Northann Corp., and Sleep Number Corporation, with amplitudes of 14.19%, 9.14%, and 9.01% respectively.
Nova Lifestyle Inc is recognized for its designer and lifestyle furniture offerings, distributing modern residential and commercial furniture globally through various retail and online platforms. The company’s brand lineup includes Diamond Sofa, with products manufactured in the U.S. and Asia. Its clientele predominantly includes distributors and retailers dealing in mid to high-end home goods within specific regions.
