Nova Lifestyle Inc. (NVFY, Financial) experienced a notable stock price increase of 16.97%. The stock is currently priced at $0.676 per share with a trading volume of 4,501 shares, a turnover rate of 0.06%, and a volatility of 4.85%. Recent financial reports indicate the company generated $2.62 million in revenue, with a net loss of $2.47 million, resulting in an earnings per share of -$0.72 and a gross profit of $1.18 million. The price-to-earnings ratio stands at -0.13. Currently, there are no institutional ratings for buying, holding, or selling the stock.
In the broader furniture and appliance industry, the overall increase was 0.26%. Within this sector, Nova Lifestyle, along with companies like Lee & Man Paper Manufacturing, and MillerKnoll, Inc., saw significant gains. Other active stocks in the sector include iRobot Corporation, Whirlpool, and Mohawk Industries, with turnover rates of 4.01%, 0.80%, and 0.63%, respectively. Stocks with notable volatility include Nova Lifestyle with 21.43%, Viomi Technology with 9.35%, and Natuzzi S.p.A. with 7.97%.
Nova Lifestyle is a designer and lifestyle furniture company that distributes and retails modern residential and commercial furniture. Their marketing and sales platform offers global retail and online purchasing services. The company also manages various bedding component sales. Their lifestyle furniture brand includes Diamond Sofa, with products manufactured in the U.S. and Asia. The primary clients are distributors and retailers selling mid-to-high-end home products within specific geographic regions.
