Brokerages Set Energy Focus, Inc. (EFOI) Target Price at $6.88
Shares of Energy Focus, Inc. (NASDAQ:EFOI) have received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.88.
A number of brokerages have recently issued reports on EFOI. Zacks Investment Research downgraded shares of Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co dropped their price objective on shares of Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating on the stock in a report on Friday, May 5th.
Several institutional investors have recently bought and sold shares of the company. VIEX Capital Advisors LLC acquired a new position in Energy Focus during the first quarter worth about $112,000. Herald Investment Management Ltd acquired a new position in Energy Focus during the first quarter worth about $235,000. Cambridge Advisors Inc. increased its position in Energy Focus by 3.0% in the first quarter. Cambridge Advisors Inc. now owns 92,778 shares of the construction company’s stock worth $305,000 after buying an additional 2,732 shares during the last quarter. Finally, WealthTrust Axiom LLC increased its position in Energy Focus by 6.0% in the first quarter. WealthTrust Axiom LLC now owns 398,940 shares of the construction company’s stock worth $1,312,000 after buying an additional 22,750 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors.
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Shares of Energy Focus (EFOI) traded down 1.08% during mid-day trading on Friday, reaching $1.83. 20,686 shares of the company’s stock traded hands. Energy Focus has a 12-month low of $1.83 and a 12-month high of $6.32. The stock’s market cap is $21.55 million. The firm’s 50 day moving average price is $2.43 and its 200-day moving average price is $3.26.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.35). The firm had revenue of $4.10 million for the quarter, compared to the consensus estimate of $7.08 million. Energy Focus had a negative net margin of 72.79% and a negative return on equity of 43.14%. The business’s quarterly revenue was down 51.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) EPS. Equities research analysts forecast that Energy Focus will post ($1.11) earnings per share for the current year.
Energy Focus Company Profile
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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