Analysts Set $1.50 Price Target for EnSync Inc (ESNC)
EnSync Inc (NASDAQ:ESNC) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $1.50 for the company and are anticipating that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned EnSync an industry rank of 111 out of 265 based on the ratings given to its competitors.
ESNC has been the topic of several research analyst reports. HC Wainwright set a $2.00 target price on shares of EnSync and gave the company a “buy” rating in a research note on Tuesday, March 28th. Rodman & Renshaw started coverage on shares of EnSync in a research note on Tuesday, March 28th. They set a “buy” rating and a $1.50 target price on the stock. Finally, Zacks Investment Research raised shares of EnSync from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st.
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Shares of EnSync (NASDAQ:ESNC) traded up 11.9976% on Monday, hitting $0.5489. 44,312 shares of the stock were exchanged. The firm’s market cap is $26.35 million. EnSync has a one year low of $0.30 and a one year high of $1.42. The firm’s 50 day moving average price is $0.60 and its 200 day moving average price is $0.65.
EnSync (NASDAQ:ESNC) last released its earnings results on Thursday, May 11th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $1.20 million. EnSync had a negative net margin of 9,073.13% and a negative return on equity of 264.98%. Equities analysts anticipate that EnSync will post ($0.37) earnings per share for the current year.
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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