XMAX INC (XMAX)
Consumer Discretionary · Furniture design, distribution, and emerging AI infrastructure · NASDAQ
XMAX is a furniture designer and distributor pivoting into AI infrastructure and software, operating through contemporary residential and commercial furniture brands while establishing new technology-driven business lines.
What XMAX INC does
XMAX Inc. is a U.S.-headquartered designer and distributor of contemporary styled residential and commercial furniture sold through wholesale, retail, and online channels worldwide. The company operates multiple furniture brands including Nova LifeStyle, Diamond Sofa, and Nova Living, serving designers, distributors, and retailers with mid-level to high-end furnishings. In March 2026, the company's Board approved a strategic expansion into artificial intelligence and advanced technology, including AI software and hardware development, cloud and GPU compute infrastructure, and enterprise-focused AI agent deployment, while maintaining its core furniture operations.
Themes: Contemporary furniture retail and distribution, AI infrastructure and deployment, Cloud computing services, Enterprise AI software, E-commerce and online retail
Fundamentals
- Price$8.61 as of 2026-08-21 close
- Market cap$556M as of 2026-08-21
- 1-year return+418.7% 2025-08-21 close $1.66 → 2026-08-21 close $8.61
- P/En/a negative earnings
- Net margin-18.2% as of 2026-08-24
- Gross margin+24.3% as of 2026-08-24
- ROE-13.1% as of 2026-08-24
- Debt / equity0.14 as of 2026-08-24
- Revenue growth (YoY)+72.6% FY2025 vs FY2024, SEC XBRL
- Revenue CAGR (3y)+9.5% SEC XBRL
- Last reported earnings2012-04-02 most recent in our data — SEC EDGAR Form 8-K (Item 2.02); no newer announcement filed
How XMAX compares in its sector
- net profit marginbottom 10% 334 covered Consumer Discretionary peers, as of 2026-08-24
- operating marginbottom 10% 334 covered Consumer Discretionary peers, as of 2026-08-24
- gross marginmiddle range 331 covered Consumer Discretionary peers, as of 2026-08-24
- return on equitybottom 25% 334 covered Consumer Discretionary peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 325 covered Consumer Discretionary peers
Position among covered Consumer Discretionary companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which XMAX reported a dividend payment is FY2010, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2010 ratio would not describe XMAX today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2010) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How XMAX INC looks technically
XMAX INC (XMAX) is trading 20.7% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 308 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 18, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It made a new 20-day high about 9 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 20.7% above its 200-day average, the long-term trend line — a longer-term uptrend | +20.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $8.70 | $8.70 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $7.13 | $7.13 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 9.4. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 308 trading days ago — a "golden cross", a bullish long-term signal | 308 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 18, below the 25 that marks a real trend) | 18.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30) | 44.6 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($8.52 to $9.40) — its "stochastic" reading is 11 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 10.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $9.40 | $9.40 |
|---|---|---|
| From the 52-week high | it is 8.4% below its 52-week high (its highest price of the past year) | -8.4% |
| Above the 52-week low | it is 451.9% above its 52-week low (its lowest price of the past year) | +451.9% |
| Below the 52-week high | it is 8.4% below its highest point of the past year | 8.4% |
| Since a 20-day breakout | it made a new 20-day high about 9 trading days ago | 9 sessions |
| Since a 55-day breakout | it made a new 55-day high about 9 trading days ago | 9 sessions |
| All-time high | its highest closing price on record is $350.00 (set on 2011-10-19) | $350.00 |
| Given back of the 52-week move | over the past year its closes ranged ($1.66 to $9.34), and it has given back only a small part of its rise from last year’s low — 10% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $4.35 to $4.59. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 9.5% |
| From the all-time high | it is 97.5% below its all-time high | -97.5% |
| Nearest price level | it is trading 3.8% above a support level at $8.29 — a price it turned at twice since 2026-07-13, most recently on 2026-07-29. Since 2024-08-21 it has 11 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -3.8% |
| All-time low | its lowest closing price on record is $0.39 (set on 2024-12-06) | $0.39 |
| Above the all-time low | it is 2107.7% above its all-time low | +2,108% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 56th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2743 between its high and its low — about 3.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2743 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.30 and $9.41 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.30 – $8.86 – $9.41 |
| Typical daily range (% of price) | its price moves about 3.2% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.2% |
| Stretch from the 200-day average | it is trading 5.4 daily ranges above its 200-day average price (20.7% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.4 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.61× |
|---|
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 2.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +2.1% |
|---|---|---|
| Open gap | it gapped 2.1% above the previous close today and has not traded back through the level it left behind at 8.55 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.1% |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 2.4 percentage points (the stock lost 0.1% while the market gained 2.3%) | -2.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 3.0 percentage points (the stock gained 0.1% while the market gained 3.1%) | -3.0% |
| vs market, 6 months | over the past 6 months this stock beat the market by 27.8 percentage points (the stock gained 38.9% while the market gained 11.1%) | +27.8% |
| vs market, 12 months | over the past 12 months this stock beat the market by 398.2 percentage points (the stock gained 418.7% while the market gained 20.5%) | +398.2% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thin, spanning 2.0% of the share price, which is taken to mean a barrier that gives way easily. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 12% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $7.69 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | +11.9% |
|---|
Price levels it has turned at before
XMAX last closed at $8.61 on 2026-08-21. Since 2024-08-21 it has turned at 11 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $8.29 | Support | 3.8% below the last close | turned there twice · 2026-07-13 to 2026-07-29 |
| $9.36 | Resistance | 8.7% above the last close | turned there twice · 2026-07-01 to 2026-08-11 |
| $7.42 | Support | 13.8% below the last close | turned there twice · 2026-03-25 to 2026-04-02 |
| $6.35 | Support | 26.2% below the last close | turned there three times · 2026-02-04 to 2026-03-11 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $9.40.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · MACD just crossed bearish (12/26/9) · trendless / choppy (low ADX) · beating the market · At the bottom of its 14-day range (stochastic below 20) · Trading inside the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["The company is unprofitable with a negative net margin of -18.2%, facing challenging conditions in the furniture market that motivated the strategic pivot to AI.","Capital-intensive expansion into AI and advanced technology sectors requires significant R&D investment and may not generate returns; the company plans to raise capital for acquisitions, partnerships, and joint ventures in unfamiliar sectors.","Execution risk on dual business model; the company must simultaneously strengthen core furniture operations while establishing new, unproven AI-driven technology business lines with no established customer base or revenue."]
What changed in the latest 10-Q
AI-assisted comparison of XMAX's 10-Q filed 2026-05-15 against the prior one filed 2025-11-14.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to 2025 Form 10-K instead of 2024 Form 10-K (filed 2026-05-15)
- Reference to first quarter and first three months of 2026 and 2025 with March 31, 2026 and 2025 dates (filed 2026-05-15)
- XMAX added to brand family listing (filed 2026-05-15)
- New paragraph on AI software and platform-based services with API-based capabilities (filed 2026-05-15)
- Wholly owned subsidiaries Xmax AI Inc. incorporated in Nevada and expanded Xmax subsidiary structure (filed 2026-05-15)
- Statement that Company expanded business into development of artificial intelligence technologies (filed 2026-05-15)
- Updated subsidiary listing to include provision of AI software and platform-based services (filed 2026-05-15)
- Removed:
- Reference to 2024 Form 10-K (filed 2025-11-14)
- Reference to third quarter and first nine months of 2025 and 2024 with September 30 dates (filed 2025-11-14)
- Extensive detail about jade mats business history, COVID-19 impacts, showroom opening/closing timeline, Malaysia government lockdown orders, and jade mats liquidation for $2.00 million in June 2023 (filed 2025-11-14)
- Reference to i Design Blockchain Technology, Inc. incorporated December 7, 2017 in California (filed 2025-11-14)
- Detailed narrative about jade mats development in 2019, flagship showroom in Kuala Lumpur, and operational history through 2023 (filed 2025-11-14)
- Statement that Nova Malaysia engaged in development of home decoration design, showroom and payment IT software systems (filed 2025-11-14)
- Statement about limited experience with Southeast Asia operations and associated risks (filed 2025-11-14)
- Text indicating 'global network' of retailers in older filing changed to simply 'network' in newer filing
- Reworded:
- Changed 'Our customers for furniture business principally consist' to 'Our customers principally consist' removing furniture business qualifier (filed 2026-05-15)
- Changed 'the Company is constantly seeking' to 'the Company also sells' in different structural context (filed 2026-05-15)
- Changed 'through which we market, design and sell residential and commercial furniture worldwide' to 'through which we market, design and sell residential and commercial furniture and provide AI software and platform-based services' (filed 2026-05-15)
- Removed 'This company had minimal operations' language and replaced with 'Nova HK took over Nova Macao's business upon its deregistration, however, it had minimum operations in 2021' (filed 2026-05-15)
- Changed 'Nova LifeStyle, Inc. acquired' to 'we acquired' in Nova HK acquisition description (filed 2026-05-15)
- Changed 'existed from Jade Mats business' to 'exited from Jade Mats business' in newer filing description (filed 2026-05-15)
- Notes:
- The newer filing text appears truncated at the end ('conv'), preventing full comparison of capital raising activities and other content
- Comparison is based on the opening Overview section; full MD&A sections may contain additional changes not visible in provided excerpts
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for XMAX — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
3 institutional 13F filers reported holding XMAX as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 3
- Reported shares held 1,197,889
- Reported value $8,672,716
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
XMAX had 9,317,057 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
XMAX had 14.4% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 15.19 days to cover at the same settlement.
- Reported short interest (shares) 9,317,057
- Short interest (% of shares outstanding) 14.4%
- Prior settlement (shares) 10,076,566
- Reported change -7.54%
- Days to cover (reported) 15.19
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does XMAX INC (XMAX) do?
XMAX Inc. is a U.S.-headquartered designer and distributor of contemporary styled residential and commercial furniture sold through wholesale, retail, and online channels worldwide. The company operates multiple furniture brands including Nova LifeStyle, Diamond Sofa, and Nova Living, serving designers, distributors, and retailers with mid-level to high-end furnishings.
What sector is XMAX INC (XMAX) in?
XMAX INC (XMAX) is classified in the Consumer Discretionary sector. Its industry is Furniture design, distribution, and emerging AI infrastructure. It trades on NASDAQ.
Who are XMAX INC's (XMAX) competitors?
Notable peers of XMAX INC (XMAX) include Williams-Sonoma, RH, La-Z-Boy, Hooker Furnishings and Bassett Furniture. This peer set is informational only — not financial advice.
Is XMAX INC (XMAX) overbought or oversold right now?
XMAX INC (XMAX) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 45, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on XMAX come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.