The Bowser Report – Daily Mover Alert January 12

Today, The Bowser Report issued a daily mover alert on Nova Lifestyle (NVFY), which was down more than 10% for the day.

NVFY’s downtrend has gathered more steam recently, turning what was a slow trickle into a downpour. The stock gapped down, meaning there is a break between yesterday’s low and today’s high. This happens when a stock fails to hit the previous day’s low during the current trading day. Also, NVFY established a new 52-week low: $1 per share.

NVFY’s financials have failed to find a footing as we have previously discussed. Despite consistent revenue growth, earnings are down in part due to a change in fair value of warrant liability. In addition, current China concerns have to be weighing on the company, as China accounts for 17% of the company’s total sales.

Despite NVFY’s Bowser Rating of 9, treat this company as very speculative do to its price and earnings trends. For those with positions, stick to the Game Plan as far as when to sell.

To learn more about The Bowser Report, visit https://thebowserreport.com

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