Live Price Coverage: Is Selling 52-Week Stock Like Energy Focus Inc a Winning Strategy?

Live Price Coverage: Is Selling 52 Week Stock Like Energy Focus Inc a Winning Strategy?

The stock of Energy Focus Inc (NASDAQ:EFOI) hit a new 52-week low and has $2.79 target or 10.00% below today’s $3.10 share price. The 7 months bearish chart indicates high risk for the $36.06 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $2.79 price target is reached, the company will be worth $3.61M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 196,373 shares traded hands or 96.90% up from the average. Energy Focus Inc (NASDAQ:EFOI) has declined 46.03% since April 1, 2016 and is downtrending. It has underperformed by 47.24% the S&P500.

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 given on Friday, August 12 by Oppenheimer. TH Capital maintained Energy Focus Inc (NASDAQ:EFOI) rating on Wednesday, August 19. TH Capital has “Buy” rating and $23.0 price target. The stock of Energy Focus Inc (NASDAQ:EFOI) earned “Buy” rating by Northland Capital on Monday, September 21. The rating was initiated by FBR Capital with “Outperform” on Friday, December 18. The stock of Energy Focus Inc (NASDAQ:EFOI) earned “Buy” rating by Rodman & Renshaw on Monday, August 15. The rating was downgraded by TH Capital to “Neutral” on Thursday, November 5. The stock has “Hold” rating given by Benchmark on Friday, August 12. The stock of Energy Focus Inc (NASDAQ:EFOI) earned “Neutral” rating by Roth Capital on Thursday, November 5. On Wednesday, March 16 the stock rating was downgraded by Canaccord Genuity to “Hold”. The firm has “Market Perform” rating by FBR Capital given on Monday, August 15.

According to Zacks Investment Research, “Energy Focus, Inc. is a leading provider and innovator of energy efficient LED lighting products. As the creator of the only 100-percent flicker-free LED products on the market, Energy Focus products provide extensive energy savings, aesthetics, safety and health benefits over conventional and fluorescent lighting. As a longstanding partner with the US Government providing energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets, Energy Focus products go through rigorous testing in the most adverse conditions possible and still have a zero percent failure rate. In the commercial sphere, customers include national, state and local U.S. government agencies as well as Fortune 500 companies across education, healthcare, retail and manufacturing. Energy Focus is headquartered in Solon, Ohio, with additional sales offices in Washington, D.C., New York and Taiwan.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q2. Its down 0.01, from 0.81 in 2016Q1. The ratio worsened, 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.
Dimensional Fund L P holds 0% or 28,701 shares in its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Deutsche Retail Bank Ag, a Germany-based fund reported 1,100 shares. Wealthtrust Axiom Ltd Liability holds 0.62% or 257,706 shares in its portfolio. Royal Retail Bank Of Canada holds 0% of its portfolio in Energy Focus Inc (NASDAQ:EFOI) for 7,350 shares. Price T Rowe Associates Incorporated Md holds 20,122 shares or 0% of its portfolio. Moreover, Wells Fargo Co Mn has 0% invested in Energy Focus Inc (NASDAQ:EFOI) for 18,101 shares. State Street last reported 0% of its portfolio in the stock. The Pennsylvania-based Vanguard Group Incorporated has invested 0% in Energy Focus Inc (NASDAQ:EFOI). Bank & Trust Of Montreal Can owns 2,749 shares or 0% of their US portfolio. State Treasurer State Of Michigan accumulated 0.02% or 508,283 shares. National Bank Of New York Mellon last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fin Svcs Incorporated has 1,200 shares for 0% of their US portfolio. Gsa Llp owns 12,800 shares or 0% of their US portfolio. Invesco Ltd accumulated 0% or 79,146 shares.

More notable recent Energy Focus Inc (NASDAQ:EFOI) news were published by: Crainscleveland.com which released: “Energy Focus Inc. names Wayne Steinhoff as chief revenue officer” on September 12, 2016, also Globenewswire.com with their article: “Energy Focus, Inc. Launches Network-Ready Lighting Solutions” published on September 28, 2016, Globenewswire.com 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: 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. Will Report Third Quarter 2016 Financial Results November 3 …” with publication date: October 28, 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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