Lulu's Fashion Lounge Holdings Inc

Company Overview:  Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) is a women’s fashion brand in the United States primarily serving Millennial and Generation Z (Gen Z) women. The Company is focused on giving its customers what they want by using data coupled with human insight to deliver an assortment of luxury fashion. Lulus develops styles with the customer in mind, using direct consumer feedback and insights to refine its products.

As per our previous report published on LVLU on 21st September 2022, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 5.15 based on ‘improved line results, net income profitability, and upside indicated based on Valuation done, and the stock price has now moved by ~11.26% since then and the price is closer to the Resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

LVLU’s Daily Chart

(Source: Refinitiv, Analysis done by Kalkine Group) 

Considering the resistance, target level attainment, current trading levels, risks associated, and volatile market condition on the back of rising interest rates, a ‘Sell’ rating is assigned to the “LVLU” at the current market price of USD 5.73 (as of 17 October 2022, at 8:40 AM PDT).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 17^th October 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Disclaimer

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