Focus Universal (NASDAQ:FCUV) Posts Earnings Results, Misses Estimates By $1.36 EPS

Focus Universal (NASDAQ:FCUV) posted its quarterly earnings results on Friday. The company reported ($2.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.33) by ($1.36), FiscalAI reports. Focus Universal had a negative net margin of 4,243.03% and a negative return on equity of 357.95%. The business had revenue of $0.68 million during the quarter, compared to the consensus estimate of $0.40 million.

Focus Universal Stock Performance

NASDAQ:FCUV traded up $0.08 during mid-day trading on Friday, hitting $5.62. 39,595 shares of the stock were exchanged, compared to its average volume of 5,962,419. The firm’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $10.44. The stock has a market capitalization of $3.95 million, a price-to-earnings ratio of -0.28 and a beta of -0.65. Focus Universal has a fifty-two week low of $1.79 and a fifty-two week high of $210.00.

Wall Street Analysts Forecast Growth

Several research firms have commented on FCUV. Wall Street Zen downgraded shares of Focus Universal to a “strong sell” rating in a report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Focus Universal in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Focus Universal currently has a consensus rating of “Sell”.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.