Overall market sentiment has been neutral on Nova Lifestyle Inc (NVFY) stock lately. NVFY receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NVFY Stock Today?
Nova Lifestyle Inc (NVFY) stock has risen 20.29% while the S&P 500 is lower by -1.63% as of 2:55 PM on Thursday, Oct 22. NVFY has risen $0.42 from the previous closing price of $2.07 on volume of 2,016,317 shares. Over the past year the S&P 500 has risen 14.38% while NVFY is lower by -15.88%. NVFY lost -$1.82 per share in the over the last 12 months.
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More About Nova Lifestyle Inc
Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential furniture. The firms marketing and sales platform offers retail as well as online selection and purchases fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa, Bright Swallow, and others. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings.
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