Somewhat Favorable News Coverage Somewhat Unlikely to Affect Energy Focus (EFOI) Share Price
News stories about Energy Focus (NASDAQ:EFOI) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energy Focus earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.0472061136784 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Energy Focus (EFOI) traded up 8.94% on Friday, hitting $1.95. 71,475 shares of the stock traded hands. Energy Focus has a one year low of $1.51 and a one year high of $5.50. The company’s 50 day moving average is $2.04 and its 200 day moving average is $2.84. The stock’s market cap is $23.12 million.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.15. The business had revenue of $6.01 million during the quarter, compared to analyst estimates of $5.24 million. Energy Focus had a negative return on equity of 43.27% and a negative net margin of 72.83%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.34) EPS. On average, equities analysts forecast that Energy Focus will post ($0.99) EPS for the current year.
Several research analysts have recently weighed in on EFOI shares. Zacks Investment Research upgraded shares of Energy Focus from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a report on Friday, August 11th. FBR & Co cut 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. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $3.95.
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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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