Lovesac offers Sactionals, such as seats and sides; Sacs, including foam bean bag chairs; and other products comprising drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottomans. The company markets its products primarily through its website, as well as showrooms at top-tier malls, lifestyle centers, mobile concierges, kiosks and street locations in 40 states of the United States; and in store pop-up shops and shop-in-shops.
Over 34% of the company’s float has been sold short. The $64 D.A. Davidson target price compares with a $52.67 consensus target. Thursday’s $26.71 close was up over 3% on the day.
Mobileye Global
This was one of the few successful IPOs from 2022, but it has been hammered to very attractive levels. Mobileye Global Inc. (NASDAQ: MBLY) engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide.
Its Driver Assist includes ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics and markings to provide safety alerts and emergency interventions. Cloud-Enhanced Driver Assist is a solution for drivers with interpretations of a scene in real-time. Mobileye SuperVision Lite is a navigation and assisted driving solution, while Mobileye SuperVision is an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.
The company also provides Mobileye Chauffeur, a generation solution, and Mobileye Drive, a self-driving system consisting of radar and lidar subsystems.
With 31% of the float short, this stock could be poised to take off. Canaccord Genuity has set its target price at $50. The consensus target is $47.37 and Thursday’s closing trade was for $37.72 a share.
Will any of these explode like GameStop? Probably not, as the short interest is nowhere near the astonishing 1,540% of the float short that started that parabolic explosion. Yet, these are some very solid names, and with any degree of good news concerning either earnings or corporate development, they could have some serious potential.
Originally published at 24/7 Wall St.
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