Focus Universal, Inc. (NASDAQ:FCUV – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,532 shares, a decline of 73.6% from the September 30th total of 28,537 shares. Based on an average daily volume of 31,109 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.4% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Focus Universal from a “sell” rating to a “hold” rating in a report on Sunday, October 4th. Weiss Ratings downgraded shares of Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Focus Universal has an average rating of “Sell”.
Get Our Latest Research Report on FCUV
Focus Universal Stock Down 2.7%
Shares of FCUV traded down $0.10 during midday trading on Thursday, reaching $3.40. 3,206 shares of the company were exchanged, compared to its average volume of 1,244,892. The stock has a 50-day moving average price of $6.24 and a 200-day moving average price of $10.39. The company has a market cap of $2.39 million, a price-to-earnings ratio of -0.23 and a beta of -0.25. Focus Universal has a 1-year low of $1.79 and a 1-year high of $173.00. The company has a current ratio of 2.44, a quick ratio of 2.34 and a debt-to-equity ratio of 1.33.
Focus Universal (NASDAQ:FCUV – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($2.69) earnings per share for the quarter, missing the consensus estimate of ($1.33) by ($1.36). The company had revenue of $0.68 million during the quarter, compared to analysts’ expectations of $0.40 million. Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.
Institutional Investors Weigh In On Focus Universal
An institutional investor recently bought a new stake in Focus Universal stock. Oppenheimer & Co. Inc. acquired a new position in Focus Universal, Inc. (NASDAQ:FCUV – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,601 shares of the company’s stock, valued at approximately $148,000. Oppenheimer & Co. Inc. owned approximately 5.09% of Focus Universal at the end of the most recent reporting period. 4.42% of the stock is owned by institutional investors and hedge funds.
About Focus Universal
Focus Universal Inc (NASDAQ: FCUV) is a technology company developing hardware and software products designed to support the Internet of Things (IoT), wireless communications and data-driven applications. Its business focuses on integrating connected devices, sensors, communications technologies and software into solutions for collecting, transmitting and analyzing information.
The company has described products and development initiatives involving universal wireless platforms, smart sensors, IoT systems and related software applications.
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