Lovesac LOVE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Lovesac (LOVE) Business Model and Operations Summary
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. As of January 30, 2022, the company operated 146 showrooms. It markets its products primarily through lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, kiosks, mobile concierges, and street locations in 39 states of the United States; and in store pop-up- shops and shop-in-shops. The Lovesac Company was founded in 1995 and is headquartered in Stamford, Connecticut.
Key Insights
Lovesac (LOVE) Core Market Data and Business Metrics
Latest Closing Price
$19.13Market Cap
$304.32 MillionAverage Daily Volume
525,398 Shares52-Week Range
$12.12-$39.49Price-Earnings Ratio
24.22Total Outstanding Shares
14.55 Million SharesCEO
Mr. Shawn David NelsonTotal Employees
2,024Current Dividend
No dividendIPO Date
June 27, 2018SIC Description
Retail-furniture StoresHeadquarters
421 Atlantic Street, Suite 200, Stamford, CT,