Today’s Price Action: What’s Energy Focus Inc Downside After Today’s Significant Decline?

Today's Price Action: What's Energy Focus Inc Downside After Today's Significant Decline?

The stock of Energy Focus Inc (NASDAQ:EFOI) is a huge mover today! About 88,927 shares traded hands. Energy Focus Inc (NASDAQ:EFOI) has declined 60.80% since March 2, 2016 and is downtrending. It has underperformed by 69.05% the S&P500.
The move comes after 7 months negative chart setup for the $53.77M company. It was reported on Oct, 5 by We have $4.20 PT which if reached, will make NASDAQ:EFOI worth $5.91 million less.

Analysts await Energy Focus Inc (NASDAQ:EFOI) to report earnings on November, 2. They expect $-0.25 earnings per share, down 160.98% or $0.66 from last year’s $0.41 per share. After $-0.34 actual earnings per share 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 has “Hold” rating by Canaccord Genuity given on Wednesday, March 16. The firm has “Hold” rating given on Friday, August 12 by Oppenheimer. The stock of Energy Focus Inc (NASDAQ:EFOI) earned “Market Perform” rating by FBR Capital on Monday, August 15. The firm has “Buy” rating given on Wednesday, August 19 by TH Capital. The rating was maintained by H.C. Wainwright on Friday, August 28 with “Buy”. The rating was downgraded by Roth Capital on Thursday, November 5 to “Neutral”. The firm earned “Neutral” rating on Thursday, November 5 by TH Capital. The firm earned “Hold” rating on Friday, August 12 by Benchmark. The rating was initiated by Benchmark on Friday, January 15 with “Buy”. FBR Capital initiated Energy Focus Inc (NASDAQ:EFOI) on Friday, December 18 with “Outperform” 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 Q2 2016. Its down 0.01, from 0.81 in 2016Q1. The ratio dived, 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.
State Treasurer State Of Michigan owns 508,283 shares or 0.02% of their US portfolio. The Kentucky-based Alphamark Advisors Ltd Company has invested 0% in Energy Focus Inc (NASDAQ:EFOI). Ladenburg Thalmann Svcs Inc has 1,200 shares for 0% of their US portfolio. Gsa Capital Limited Liability Partnership last reported 12,800 shares in the company. Moreover, Dimensional Fund Advisors Ltd Partnership has 0% invested in Energy Focus Inc (NASDAQ:EFOI) for 28,701 shares. Bank Of America Corporation De has invested 0% of its portfolio in Energy Focus Inc (NASDAQ:EFOI). The Massachusetts-based Commonwealth Equity has invested 0% in Energy Focus Inc (NASDAQ:EFOI). Price T Rowe Inc Md holds 20,122 shares or 0% of its portfolio. Barclays Public Limited, a United Kingdom-based fund reported 10,200 shares. Moreover, Cambridge Advsr Inc has 0.13% invested in Energy Focus Inc (NASDAQ:EFOI) for 46,620 shares. National Bank & Trust Of New York Mellon last reported 0% of its portfolio in the stock. National Bank & Trust Of Montreal Can owns 2,749 shares or 0% of their US portfolio. Vanguard Gru last reported 459,099 shares in the company. Susquehanna Int Group Inc Llp holds 33,848 shares or 0% of its portfolio. Geode Management Ltd Limited Liability Company has invested 0% of its portfolio in Energy Focus Inc (NASDAQ:EFOI).

More notable recent Energy Focus Inc (NASDAQ:EFOI) news were published by: which released: “Energy Focus, Inc. Launches Network-Ready Lighting Solutions” on September 28, 2016, also with their article: “Energy Focus, Inc. Dimmable LED Honored in FEMP Call for Innovation” published on September 06, 2016, published: “Energy Focus, Inc. Fixtures Qualified for U.S. Navy Use on New Ships” on September 29, 2016. More interesting news about Energy Focus Inc (NASDAQ:EFOI) were released by: and their article: “Energy Focus Inc. names Wayne Steinhoff as chief revenue officer” published on September 12, 2016 as well as‘s news article titled: “Energy Focus Inc. names Jennifer Deutsch as senior vice president of marketing” with publication date: August 15, 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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