Hen Solo
11-21 09:53

Great article, would you like to share it?

@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
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