Energy Focus, Inc. (EFOI) Receives Consensus Recommendation of “Hold” from Analysts
Energy Focus, Inc. (NASDAQ:EFOI) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.13.
A number of research analysts have recently issued reports on the company. Roth Capital set a $2.00 target price on Energy Focus and gave the company a “hold” rating in a research report on Friday, October 6th. ValuEngine upgraded Energy Focus from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Energy Focus in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC increased its holdings in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,144 shares of the construction company’s stock after purchasing an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned 3.89% of Energy Focus worth $1,258,000 at the end of the most recent reporting period. 16.82% of the stock is currently owned by institutional investors and hedge funds.
Energy Focus (EFOI) opened at $2.49 on Friday.
Energy Focus (NASDAQ:EFOI) last announced its earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.15. Energy Focus had a negative return on equity of 43.27% and a negative net margin of 72.83%. The firm had revenue of $6.01 million for the quarter, compared to analyst estimates of $5.24 million. During the same quarter last year, the firm posted ($0.34) EPS. The business’s revenue was down 15.6% on a year-over-year basis. analysts predict that Energy Focus will post -1.01 EPS for the current fiscal year.
About Energy Focus
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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