LOVE - The Lovesac Company Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of The Lovesac Company (NASDAQ:LOVE) traded at a new 52-week high today of $74.09. So far today approximately 233,000 shares have been exchanged, as compared to an average 30-day volume of 437,000 shares.
In the past 52 weeks, shares of The Lovesac Company have traded between a low of $9.61 and a high of $74.09 and is now at $72.30, which is 652% above that low price.
Based on a current price of $72.30, The Lovesac Company is currently 13.4% above its average consensus analyst price target of $62.60.
The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as blankets, footsacs, and throw pillows. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Most of the firm's revenue gets derives from the sale of Sactionals.
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