Energy Focus Inc. (NASDAQ: EFOI) stock fell -10.24% on Friday to $0.81 against a previous-day closing price of $0.90. With 1.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.85 million shares. During the session, the Furnishings Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.9120 whereas the lowest price it dropped to was $0.7900. The 52-week range on EFOI shows that it touched its highest point at $6.12 and its lowest point at $0.66 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 2.01.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EFOI was up-trending over the past week, with a rise of 3.66%, but this was down by -10.44% over a month. Three-month performance dropped to -10.44% while six-month performance fell -46.50%. The stock lost -78.46% in the past year, while it has lost -81.08% so far this year. A look at the trailing 12-month EPS for EFOI yields -1.74 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.20. This implies an EPS growth rate of 5.50% for this year and 75.30% for next year. EPS is expected to grow by 35.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.90%.
Float and Shares Shorts:
At present, 6.44 million EFOI shares are outstanding with a float of 4.74 million shares on hand for trading. On Jul 14, 2022, short shares totaled 34640.0, which was 0.45% higher than short shares on Jun 14, 2022. In addition to Mr. Stephen J. Socolof as the firm’s Interim CEO & Chairman, Mr. James Warren serves as its Sr. VP, Corp. Sec. & Gen. Counsel.
Institutional Ownership:
Through their ownership of 4.80% of EFOI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.87% of EFOI, in contrast to 2.51% held by mutual funds. Shares owned by individuals account for 2.26%. As the largest shareholder in EFOI with 1.06% of the stake, International Assets Investment M holds 82,200 shares worth 82,200. A second-largest stockholder of EFOI, The Vanguard Group, Inc., holds 81,557 shares, controlling over 1.05% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in EFOI, holding 70,666 shares or 0.91% stake. With a 1.05% stake in EFOI, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 81,557 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.74% of EFOI stock, is the second-largest Mutual Fund holder. It holds 57,702 shares valued at 75013.0. iShares Core S&P Total US Stock M holds 0.25% of the stake in EFOI, owning 19,129 shares worth 24868.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, EFOI reported revenue of $2.06M and operating income of -$2.66M. Over the past year, revenue came in at $9.29M while operating income stood at -$9.06M. It generated -$2.82M net income for the quarter, which came to -$9.06M over the last twelve months. The EBITDA in the recently reported quarter was -$2.59M and diluted EPS was -$0.44. EBITDA for the full year was -$8.03M.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EFOI since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EFOI analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, EFOI could surge 640.74% to reach the target high and rise by 640.74% to reach the target low. Reaching the average price target will result in a growth of 640.74% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EFOI will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$1.20 being high and -$1.20 being low. For EFOI, this leads to a yearly average estimate of -$1.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Energy Focus Inc. surprised analysts by -$0.11 when it reported -$0.44 EPS against a consensus estimate of -$0.33. The surprise factor in the prior quarter was -$0.30. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.26.
Summary of Insider Activity:
Insiders traded EFOI stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 40,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 52,300 while 0 shares were sold.
