Energy Focus (EFOI) Given a $6.00 Price Target by HC Wainwright Analysts

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Energy Focus (NASDAQ:EFOI) has been assigned a $6.00 target price by investment analysts at HC Wainwright in a note issued to investors on Thursday. The firm currently has a “buy” rating on the construction company’s stock. HC Wainwright’s price target would indicate a potential upside of 372.44% from the stock’s previous close.

Separately, Roth Capital set a $1.00 price objective on Energy Focus and gave the company a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.19.

Shares of Energy Focus stock traded up $0.01 during trading on Thursday, hitting $1.27. 22,724 shares of the company were exchanged, compared to its average volume of 28,032. The firm has a market capitalization of $13.85 million, a P/E ratio of -1.61 and a beta of -0.21. Energy Focus has a 1-year low of $1.02 and a 1-year high of $3.46.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Wednesday, November 7th. The construction company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Energy Focus had a negative return on equity of 44.24% and a negative net margin of 40.43%. The business had revenue of $5.16 million for the quarter, compared to analysts’ expectations of $5.83 million. On average, equities research analysts expect that Energy Focus will post -0.65 EPS for the current fiscal year.

About Energy Focus

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.

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