The stock of Energy Focus Inc (NASDAQ:EFOI) is a huge mover today! The stock increased 5.52% or $0.27 on October 3, hitting $5.16. About 240,585 shares traded hands or 83.64% up from the average. Energy Focus Inc (NASDAQ:EFOI) has declined 61.62% since February 29, 2016 and is downtrending. It has underperformed by 73.83% the S&P500.
The move comes after 9 months positive chart setup for the $61.20 million company. It was reported on Oct, 4 by Barchart.com. We have $7.74 PT which if reached, will make NASDAQ:EFOI worth $30.60M more.
Analysts await Energy Focus Inc (NASDAQ:EFOI) to report earnings on November, 2. They expect $-0.25 EPS, down 160.98% or $0.66 from last year’s $0.41 per share. After $-0.34 actual EPS reported by Energy Focus Inc for the previous quarter, Wall Street now forecasts -26.47% EPS growth.
Energy Focus Inc (NASDAQ:EFOI) Ratings Coverage
Out of 9 analysts covering Energy Focus (NASDAQ:EFOI), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Energy Focus has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 7 by Rodman & Renshaw. The firm earned “Hold” rating on Friday, August 12 by Benchmark. On Friday, November 6 the stock rating was initiated by Canaccord Genuity with “Buy”. Northland Capital initiated Energy Focus Inc (NASDAQ:EFOI) rating on Monday, September 21. Northland Capital has “Buy” rating and $22 price target. The stock has “Neutral” rating given by TH Capital on Thursday, November 5. The firm earned “Buy” rating on Monday, August 15 by Rodman & Renshaw. As per Friday, December 18, the company rating was initiated by FBR Capital. The company was downgraded on Wednesday, March 16 by Canaccord Genuity. On Thursday, November 5 the stock rating was downgraded by Roth Capital to “Neutral”. TH Capital maintained Energy Focus Inc (NASDAQ:EFOI) on Wednesday, August 19 with “Buy” rating.
According to Zacks Investment Research, “Energy Focus designs, develops, manufactures and markets fiber optic lighting systems for wide-ranging uses in both the general commercial and the pool and spa lighting markets. Energy Focus’ EFO system, introduced offers energy savings, heat dissipation and maintenance cost benefits over conventional lighting for multiple applications.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q2. Its down 0.01, from 0.81 in 2016Q1. The ratio dropped, as 10 funds sold all Energy Focus Inc shares owned while 10 reduced positions. 6 funds bought stakes while 10 increased positions. They now own 1.98 million shares or 6.47% more from 1.86 million shares in 2016Q1.
Moreover, State Street has 0% invested in Energy Focus Inc (NASDAQ:EFOI) for 11,000 shares. Dimensional Fund Advsrs L P last reported 28,701 shares in the company. Menta Cap Limited Liability Com accumulated 0.02% or 19,410 shares. Blackrock Institutional Trust Company Na accumulated 0% or 164,568 shares. Blackrock Invest Mngmt Ltd Limited Liability Company, a New Jersey-based fund reported 1,790 shares. Royal Natl Bank Of Canada owns 7,350 shares or 0% of their US portfolio. Tower Cap (Trc) owns 285 shares or 0% of their US portfolio. Citadel Advisors Limited Company has 0% invested in the company for 14,932 shares. Price T Rowe Assocs Md owns 20,122 shares or 0% of their US portfolio. Blackrock Advsrs Llc has invested 0% of its portfolio in Energy Focus Inc (NASDAQ:EFOI). Susquehanna Llp has 33,848 shares for 0% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Energy Focus Inc (NASDAQ:EFOI) for 8,680 shares. Commonwealth Equity Serv, a Massachusetts-based fund reported 12,107 shares. Wealthtrust Axiom Ltd Com last reported 257,706 shares in the company. State Treasurer State Of Michigan has 508,283 shares for 0.02% of their US portfolio.
More notable recent Energy Focus Inc (NASDAQ:EFOI) news were published by: Globenewswire.com which released: “Energy Focus, Inc. Launches Network-Ready Lighting Solutions” on September 28, 2016, also Crainscleveland.com with their article: “Energy Focus Inc. names Wayne Steinhoff as chief revenue officer” published on September 12, 2016, Globenewswire.com published: “Energy Focus, Inc. Dimmable LED Honored in FEMP Call for Innovation” on September 06, 2016. More interesting news about Energy Focus Inc (NASDAQ:EFOI) were released by: Crainscleveland.com and their article: “Energy Focus Inc. names Jennifer Deutsch as senior vice president of marketing” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “Energy Focus, Inc. Reports Second Quarter 2016 Results” with publication date: August 11, 2016.
EFOI Company Profile
Energy Focus, Inc., incorporated on May 2, 2007, along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Firm 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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