Nova Lifestyle Inc. (NVFY, Financial) experienced a significant stock price increase, surging by 8.06%. The stock was trading at $0.994 per share, with a trading volume of 12,690 shares and a turnover rate of 0.41%, showing a price fluctuation of 6.51%.
Recent financial reports reveal that Nova Lifestyle recorded revenue of $2.69 million, with a net loss of $563,489 and an earnings per share (EPS) of -$0.22. The company reported a gross profit of $1.19 million and a price-to-earnings (P/E) ratio of -0.21. Currently, there are no institutional ratings suggesting a buy, hold, or sell for the stock.
In the broader furniture and appliances sector, where Nova Lifestyle operates, there was an overall decline of 1.39%. Notably, stocks such as Taipei Times International, Northann Corp., and Nova Lifestyle itself saw significant gains. Meanwhile, companies like iRobot Corporation and Taipei Times International showed notable activity with turnover rates of 5.74%, 1.27%, and 1.09%. Stocks such as Traeger, Inc., Northann Corp., and Sleep Number Corporation had substantial price swings, with fluctuations of 10.41%, 8.96%, and 8.90% respectively.
Nova Lifestyle Inc. is a designer and distributor of lifestyle furniture, focusing on modern residential and commercial pieces. The company offers retail and online purchasing options globally, managing sales of various bedding components. Its range includes the Diamond Sofa brand, with manufacturing in the U.S. and Asia. The primary customers are distributors and retailers selling mid to high-end home furnishings under private labels in specific geographical areas. Nova Lifestyle's operations focus on the design and sale of furniture.
