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home / news releases / LOVE - Lovesac: The Rally Is Burning Out


LOVE - Lovesac: The Rally Is Burning Out

After a furious rally earlier this year, shares of Lovesac (LOVE), the recent IPO whose primary product is a sectional piece of furniture aptly branded as a "Sactional," have come tumbling back down to earth. Though Lovesac got a temporary boost from a strong second-quarter print, the stock remains down more than 50% relative to all-time highs above $45 notched in May.

Now sporting a much lower market cap of $268 million, which puts the company's equity value at just north of 1x Wall Street's consensus revenue estimates of $238 million for

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Stock Information

Company Name: The Lovesac Company
Stock Symbol: LOVE
Market: NASDAQ
Website: lovesac.com

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