Shares of The Lovesac Company (LOVE) Have Risen Above Previous 52-Week High

March 1, 2021 13:41:49

Shares of The Lovesac Company (NASDAQ:LOVE) traded at a new 52-week high today of $64.38. This new high was reached on below average trading volume as 233,000 shares traded hands, while the average 30-day volume is approximately 384,000 shares.

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.

There is potential upside of 764.0% for shares of The Lovesac Company based on a current price of $62.60 and an average consensus analyst price target of $540.86.

In the past 52 weeks, shares of The Lovesac Company have traded between a low of $4.00 and a high of $64.38 and is now at $62.60, which is 1,467% above that low price.

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