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Nova LifeStyle, Inc. (NVFY)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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0.7203+0.0002 (+0.03%)
At close: 04:00PM EDT
0.7203 0.00 (0.00%)
After hours: 04:39PM EDT
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  • T
    TonyMontana
    what's going on
  • T
    Thomas
    This will do tomorrow what NURO did today, a lot of savy people are moving these small float stocks over a multi day or week plan, regardless of the company's fundamentals. Buy it pre market tomorrow because the volume will be cranking.
    Bullish
  • V
    Valuation Skeptic
    With all the issues with tariffs, delays and 3X higher import costs from Chinam. is $NVFY going to be able to stay in business after they burn through their cash reserve? Looks like their customers are slow pay and I don't understand why they sent their suppliers in China tens of millions of dollars worth of "advance payments."
    Bearish
  • D
    Dean
    HERE'S WHAT'S HAPPENING WITH THIS STOCK TODAY: This company is apparently in the process of liquidating. Their most recent quarterly report 9/30/2020 shows $3.3m gross revenues, with $9.9m cost of revenues, for a $6.6m negative profit margin. So that means they are selling their inventory off below cost.
    Since we are in mid-March, their Q4 and annual are due soon. So before they put that out, they manipulated their stock yesterday, continuing into this morning. I shorted 12k shares at $6.70 this morning. Hope I did not sell to you, and you had better run as fast as you can if you are long.

    https://finance.yahoo.com/quote/NVFY/financials?p=NVFY
  • r
    rarecoin
    No news??? I would NOT TOUCH IT!!!!!!!~
    Neutral
  • e
    eaglefang
    Questionable company. Top search results lands you in their investor page. Not their showroom or reviews of their products. Not for me. Thanks.
  • C
    Carl
    No wonder the stock is down so much - the company quietly released its 10-Q without a press release and the results for the quarter are terrible. Only 146,000 share were bought back by the company and the rest of the windfall was used to pay down debt and of course provide a $45 million advance to suppliers - whatever that means. The SEC should really investigate this company and the management team - there is a lot there. Why in the world does anyone own this stock?
  • C
    C.
    Who is lying ??
  • G
    Glockenspiel McYogurtFace
    Got in a 2.48 and out at $6.78. With certain companies, you just gotta take the profits and run. Good luck to you all!
  • K
    Ken
    back to $3-$4 range soon
    Bearish
  • f
    frenkie
    in my opinion it's enough now with the no news urban rising stocks...|
    I mean I totally agree the discussion but a lot of people are loosing lots off money, and the problem is dat the trader will makes lot's of money and the normal people will loose...

    So let's stop pumping this no news stocks (including myself)
  • S
    Scott
    They use an auditor based in China... something is fishy.
  • M
    Mila
    I should never have bought this stock.
    Bearish
  • I
    Igor
    Huge margin of safety!
    Current assets of 67million minus total liabillities of 5.7 million, net current asset value of 61.3mil.
    The company isn't burning it's margin of safety over the years. however in the last few years, since about 2018 nova lifestyle lost a big client and lost most of it's sales because of it(it was a temporary client or something). Also, there is a lawsuit against them about exaggerating their sales a few years ago. and also, tariff war between usa and china is impacting their business aswell.
    Management about the lawsuit: "The Audit Committee finished its special procedures in March 2019 and the Company’s independent auditor has reported to the Audit Committee that, regarding the four subject customers mentioned in the purported research report, the special procedures resulted in no evidence of fictitious sales or of fictitious customers."
    also, to fix their problem of tariff wars, the company suffered from lower revenues, however, the company moved from small margin to larger margin sales, which made gross margin as a percentage larger the last few quarters.
    The company needs to be profitable again to increase it's shares value, and it seems like the management is conscious about the problems and are working on it.
    Or it may be a huge scam and the world will explode lol. Holding at my portfolio, with diversification ofc.
    summary may be sloppy and non deep detailed, due to laziness, their reports say everything better than me.
    counting it as a graham cigar-butt/net net stock.
    Bullish
  • r
    rarecoin
    "Pumpers" you just gave yourself away. Any time a price moves THIS Quick in EH trading with NO NEWS proves to me WHAT your trying to do. Run it to $100 still ain't buying. Then you'll pull the RUG OUT and LAUGH ALL THE WAY TO THE BANK!! NOT ME!!!
    Neutral
  • A
    Anonymous
    4Q up ER at $0.16. If this continue 2018 will be $0.64. Also, a buy back $5M. This should be a $20 stock. I am sure big upgrade is coming. You don't find many stocks have value at current level.
  • L
    Larry
    this stock should be $5 by now mtfk
  • M
    Morgan
    Why the selloff today?
  • C
    Catherine
    Only 3.45M shares in the float. First day of huge volume and gains. It is so similar to UONE. By Monday we could be 10 or higher. If it catches on like UONE, who knows how high it could go.
  • L
    Lotterywinner!
    Tanking in PM....worth shorting
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