Nova Lifestyle I Stock Today

NVFY Stock  USD 2.86  0.11  4.00%   

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Odds Of Distress

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Nova Lifestyle is trading at 2.86 as of the 28th of March 2024; that is 4.00 percent increase since the beginning of the trading day. The stock's open price was 2.75. Nova Lifestyle has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Nova Lifestyle I are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
17th of October 2011
Category
Consumer Cyclical
Classification
Consumer Discretionary
Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California. The company has 1.63 M outstanding shares of which 9.63 K shares are now shorted by private and institutional investors with about 0.46 trading days to cover. More on Nova Lifestyle I

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Nova Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nova Lifestyle's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nova Lifestyle or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Co-Founder, CEO and DirectorYa Wong
Thematic IdeaConsumer Goods (View all Themes)
Business ConcentrationHousehold Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Consumer Goods, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors)
Financial Strength
Based on the measurements of operating efficiency obtained from Nova Lifestyle's historical financial statements, Nova Lifestyle I is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Nova Lifestyle I is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.091.27
Fairly Down
Slightly volatile
Total Current Liabilities1.4 M1.5 M
Notably Down
Slightly volatile
Non Current Liabilities Total4.5 MM
Way Up
Pretty Stable
Total Assets12.6 M13.3 M
Notably Down
Pretty Stable
Total Current AssetsM9.4 M
Notably Down
Pretty Stable
Nova Lifestyle's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nova Lifestyle's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nova Lifestyle's financial leverage. It provides some insight into what part of Nova Lifestyle's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Nova Lifestyle's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Nova Lifestyle deploys its capital and how much of that capital is borrowed.
Liquidity
Nova Lifestyle cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 2.86 M in liabilities with Debt to Equity (D/E) ratio of 0.18, which may suggest the company is not taking enough advantage from borrowing. Nova Lifestyle I has a current ratio of 8.64, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Nova Lifestyle until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Lifestyle's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Lifestyle I sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Lifestyle's use of debt, we should always consider it together with cash and equity.

Change To Inventory

3.87 Million
Nova Lifestyle I (NVFY) is traded on NASDAQ Exchange in USA. It is located in 6565 East Washington Boulevard, Commerce, CA, United States, 90040 and employs 28 people. Nova Lifestyle is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.5 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Lifestyle's market, we take the total number of its shares issued and multiply it by Nova Lifestyle's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nova Lifestyle I conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 1.63 M outstanding shares of which 9.63 K shares are now shorted by private and institutional investors with about 0.46 trading days to cover. Nova Lifestyle I currently holds about 4.68 M in cash with (393.94 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.68.
Check Nova Lifestyle Probability Of Bankruptcy
Ownership Allocation
Nova Lifestyle I secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 60.99 % of Nova Lifestyle I outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event.
Check Nova Ownership Details

Nova Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Nova Lifestyle jumping above the current price in 90 days from now is about 19.97%. The Nova Lifestyle I probability density function shows the probability of Nova Lifestyle stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Nova Lifestyle I has a beta of -1.5625. This indicates as returns on its benchmark rise, returns on holding Nova Lifestyle I are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nova Lifestyle is expected to outperform its benchmark. In addition to that, nova Lifestyle I has an alpha of 2.7149, implying that it can generate a 2.71 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 2.86HorizonTargetOdds Above 2.86
79.98%90 days
 2.86 
19.97%
Based on a normal probability distribution, the odds of Nova Lifestyle to move above the current price in 90 days from now is about 19.97 (This Nova Lifestyle I probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) .

Nova Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Nova Lifestyle that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nova Lifestyle's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nova Lifestyle's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
8.7 K
Blackrock Inc2023-09-30
5.5 K
Tower Research Capital Llc2023-09-30
K
Ubs Group Ag2023-09-30
422
Wells Fargo & Co2023-09-30
7.0
Barclays Plc2023-09-30
7.0
View Nova Lifestyle Diagnostics

Nova Lifestyle Historical Income Statement

Nova Lifestyle I Income Statement is one of the three primary financial statements used for reporting Nova's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nova Lifestyle I revenue and expense. Nova Lifestyle Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Nova Lifestyle's Interest Expense is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 23.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 M in 2024. View More Fundamentals

Nova Stock Against Markets

Picking the right benchmark for Nova Lifestyle stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nova Lifestyle stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nova Lifestyle is critical whether you are bullish or bearish towards Nova Lifestyle I at a given time. Please also check how Nova Lifestyle's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nova Lifestyle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Nova Lifestyle Corporate Directors

Nova Lifestyle corporate directors refer to members of a Nova Lifestyle board of directors. The board of directors generally takes responsibility for the Nova Lifestyle's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nova Lifestyle's board members must vote for the resolution. The Nova Lifestyle board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Chung YamDirectorProfile
Michael ViottoDirectorProfile
Mindy SuCorporate DirectorProfile
Yuen HoCo-Founder, CFO and DirectorProfile

How to buy Nova Stock?

Before investing in Nova Lifestyle, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nova Lifestyle. To buy Nova Lifestyle stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nova Lifestyle. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nova Lifestyle stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nova Lifestyle I stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nova Lifestyle I stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nova Lifestyle I, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nova Stock please use our How to Invest in Nova Lifestyle guide.

Already Invested in Nova Lifestyle I?

The danger of trading Nova Lifestyle I is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nova Lifestyle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nova Lifestyle. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nova Lifestyle I is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nova Lifestyle I offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova Lifestyle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Lifestyle I Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Lifestyle I Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Nova Lifestyle I information on this page should be used as a complementary analysis to other Nova Lifestyle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.
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Is Nova Lifestyle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Lifestyle. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(8.34)
Revenue Per Share
7.544
Quarterly Revenue Growth
(0.18)
Return On Assets
(0.50)
Return On Equity
(1.29)
The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.