Posted by admin on May 8th, 2022
StockNews.com started coverage on shares of Energy Focus (NASDAQ:EFOI – Get Rating) in a research note issued on Sunday. The firm set a “sell” rating on the construction company’s stock.
A number of other analysts also recently weighed in on the stock. HC Wainwright cut their price target on shares of Energy Focus from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 18th. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Monday, January 17th.
Energy Focus stock opened at $1.03 on Friday. The firm has a market capitalization of $6.64 million, a PE ratio of -0.59 and a beta of 2.85. The company’s 50-day moving average is $1.30 and its 200-day moving average is $2.14. Energy Focus has a fifty-two week low of $1.00 and a fifty-two week high of $8.17.
Energy Focus (NASDAQ:EFOI – Get Rating) last announced its quarterly earnings results on Thursday, March 17th. The construction company reported ($0.50) EPS for the quarter. Energy Focus had a negative net margin of 79.94% and a negative return on equity of 161.01%. The company had revenue of $2.41 million during the quarter, compared to analyst estimates of $3.08 million. Sell-side analysts anticipate that Energy Focus will post -0.89 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new position in Energy Focus in the 4th quarter valued at approximately $83,000. Virtu Financial LLC acquired a new stake in shares of Energy Focus during the fourth quarter worth $93,000. Citadel Advisors LLC acquired a new stake in shares of Energy Focus during the third quarter worth $99,000. Millennium Management LLC acquired a new stake in shares of Energy Focus during the third quarter worth $147,000. Finally, Geode Capital Management LLC increased its position in shares of Energy Focus by 207.3% during the third quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock worth $238,000 after buying an additional 51,746 shares during the period. Hedge funds and other institutional investors own 16.14% of the company’s stock.
Energy Focus Company Profile (Get Rating)
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.
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