Energy Focus (EFOI) Getting Somewhat Favorable News Coverage, Report Shows
News stories about Energy Focus (NASDAQ:EFOI) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Energy Focus earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 44.7258474711399 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Energy Focus, Inc. (EFOI) PT Set at $2.00 by Roth Capital (americanbankingnews.com)
- Energy Focus, Inc. (NASDAQ:EFOI) Stock Closed Significantly Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Energy Focus, Inc. (NASDAQ:EFOI) Traded Well Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Energy Focus, Inc. (NASDAQ:EFOI) Sees Light Trading Volume with 1403 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Should You Wait Before Investing In Energy Focus Inc (EFOI)? (finance.yahoo.com)
Several equities research analysts have issued reports on the stock. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a research note on Friday. ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Energy Focus from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research note on Friday, August 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3.75.
Energy Focus (NASDAQ EFOI) opened at 2.73 on Friday. The stock’s market capitalization is $32.36 million. Energy Focus has a 52 week low of $1.51 and a 52 week high of $5.32. The stock has a 50 day moving average of $2.28 and a 200 day moving average of $2.65.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.01 million for the quarter, compared to the consensus estimate of $5.24 million. During the same quarter last year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities research analysts predict that Energy Focus will post ($0.99) earnings per share for the current fiscal year.
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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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