The Lovesac Company (NASDAQ:LOVE) traded today at a new 52-week high 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.
Over the past year, The Lovesac Company has traded in a range of $4.00 to $64.38 and is now at $63.06, 1,478% above that low.
The Lovesac Company (NASDAQ:LOVE) has potential upside of 757.7% based on a current price of $63.06 and analysts’ consensus price target of $540.86.
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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