Nova Lifestyle Inc. (NVFY, Financial) stock experienced a notable drop of 5.23%. The stock is currently priced at $1.45 per share, with a trading volume of 2,379 shares and a turnover rate of 0.08%. The stock's amplitude stood at 4.58%.
Recent financial results reveal that Nova Lifestyle Inc. generated revenue of $2.69 million, but faced a net loss of $563,489, translating to an earnings per share of -$0.22. The gross profit stood at $1.19 million, and the price-to-earnings ratio was -0.32. At present, no institutional ratings are available for NVFY, with no recommendations for buying, holding, or selling.
Within the furniture and appliances sector, the overall decline was 1.22%. Notable gainers in related stocks included Viomi Technology, Energy Focus Inc., and Patrick Industries Inc., while Irobot Corporation, Sleep Number Corporation, and The Lovesac Company showed significant trading activity with turnover rates of 1.69%, 1.55%, and 0.94%, respectively. Stocks with notable amplitude included Fgi Industries Ltd., Viomi Technology, and Kewaunee Scientific Corporation, with amplitudes of 11.73%, 11.60%, and 9.76% respectively.
Nova Lifestyle Inc. specializes in designing and retailing modern residential and commercial furniture. Its marketing and sales platforms offer global retail and online services. The product lines include the Diamond Sofa brand, with manufacturing facilities in the United States and Asia. The company primarily serves distributors and retailers who sell mid-to-high-end private label home products within specific geographic regions.
