Energy Focus Inc. (EFOI) shares are trading at lower $8.23 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $11.00.
To add more color to this target, the company’s high over the last year is $9.81 and the low is $0.81. Over the last 52 weeks, EFOI is up 273.33% while the S&P 500 is up 16.41%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, EFOI reported a profit of $1.34 million. Energy Focus Inc. also saw revenues increase to $3.33 million. In addition, EFOI has free cash flow of -$0.82 million as of 06-2020. The company’s EBITDA came in at -$0.84 million which compares well with its peers.
EFOI booked profit margins of -52.60%, its Return on Equity (ROE) is -169.50%, and its Return on Assets is -56.10%. All told, it is clear that, EFOI needs to be on your watchlist.
Find out when EFOI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EFOI has a short ratio of 5.18 and outstanding shares of 3.19M.
EFOI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 70910.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.45. Energy Focus Inc. EFOI also noted assets of $13.91 million at the end of the last quarter. Investors should also keep an eye on sector updates as EFOI has historically followed its peers on positive news.
All told, Energy Focus Inc. EFOI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EFOI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Energy Focus Inc. EFOI is now commanding a market cap of 24.95M and a float of 2.71M. EFOI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EFOI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in EFOI, either long or short, and we have not been compensated for this article.