H.C. Wainwright Thinks Revolution Lighting Technologies’ Stock is Going to Recover


H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Revolution Lighting Technologies (NASDAQ: RVLT) today and set a price target of $8. The company’s shares closed yesterday at $3.73, close to its 52-week low of $2.95.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -1.6% and a 38.5% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pacific Ethanol, and Plug Power.

Revolution Lighting Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $8.

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Based on Revolution Lighting Technologies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $33.74 million and GAAP net loss of $2.19 million. In comparison, last year the company earned revenue of $30.57 million and had a GAAP net loss of $4.96 million.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RVLT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Revolution Lighting Technologies, Inc. designs, manufactures, and markets light-emitting diode (LED) lighting solutions. It focuses on the industrial, commercial, and government markets in the United States and Canada. Its products include: LED replacement lamps, LED fixtures and LED-based signage, channel-letter, and contour lighting products.

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