Queengirlypops
11-21 03:33

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@Barcode$Lovesac Co.(LOVE)$ 📈🔺🅱️🆄🅻🅻🅸🆂🅷 🛋️❤️ LOVE is in the Air: Targeting $50 and Beyond! ❤️🛋️📈 Kia ora Tiger traders! My Take: Bullish at today’s open~Lovesac (NASDAQ: LOVE) is rounding the corner and heading toward its initial target of $50+ with plenty of momentum to back it up. Key Financial Highlights (20Nov24, 🇳🇿NZ Time): • Pre-Market Price: $33.03 • 52-Week High: $33.11, up 4.4% in the latest session. • Market Capitalisation: $513.95 million. • Revenue Growth: Q3 revenue of $156.59 million, exceeding estimates of $154.01 million. • Earnings Beat: EPS improved to ($0.38), outperforming consensus of ($0.46). Today’s Technical Outlook: • Breakout Momentum: A bullish rounding base pattern signals a potential upward surge. • Next Target: $50+ as per chart trajectory, with plenty of room for upside. Institutional Moves: • Institutional investors hold a commanding 91.32% of the stock, showcasing strong confidence. • Insider sales were noted, but institutional inflows remain robust, with notable increases from hedge funds. Chart Insight: The technical setup is a dream for traders, with Lovesac’s breakout pattern reflecting its strong fundamentals and renewed investor interest. It’s not just about the numbers; it’s the story of a furniture company that’s redefining its market. Lovesac’s innovative product line and omni-channel sales strategy are driving its growth. Its sactionals and sacs aren’t just furniture—they’re a lifestyle. With analysts unanimously bullish, Lovesac is well-positioned for a stellar rally. Happy trading ahead. Cheers, BC 🍀🍀🍀 @Tiger_comments @TigerObserver @TigerStars @Daily_Discussion @TigerPM @TigerPicks @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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