What’s the Analyst Recommendation for Nova LifeStyle Inc. (NVFY)?

Nova LifeStyle Inc. (NVFY) share price soared 10.93% with the closing price of $2.03 on Friday. Nova LifeStyle Inc. stock has an exchanging volume of 0.19 million shares, which is high, contrasted with its 3-months average volume of 55.81K shares. Its market capitalization has now reached to $11.94M.

NVFY Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, NVFY price has rose by 19.41%. In the course of past three months sees the stock go down around -5.58%, while it has gain 93.33% over the past six months and 9.73% since the start of the year.

NVFY Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Nova LifeStyle Inc. has seen its stock exchanging -21.32% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +40.00% above its three-month low. A more extensive look sees NVFY exchanging -34.24% beneath its 52-week high and 207.58% above from its 52-week low price.

NVFY Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 10.23%, while it has a month to month instability of 6.51%. The company has an ATR (Average True Range) of 0.12 and a beta factor of 1.76.

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