Flux Power (NASDAQ:FLUX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Flux Power (NASDAQ:FLUX) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other brokerages also recently issued reports on FLUX. Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Finally, Roth Mkm reissued a “buy” rating on shares of Flux Power in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.00.

Flux Power Stock Performance

NASDAQ FLUX opened at $1.03 on Friday. The firm has a market capitalization of $21.98 million, a price-to-earnings ratio of -3.32 and a beta of 1.55. Flux Power has a one year low of $1.02 and a one year high of $7.55. The company’s 50 day moving average price is $1.41 and its 200 day moving average price is $2.30.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.11. The business had revenue of $14.12 million for the quarter, compared to analysts’ expectations of $15.55 million. Sell-side analysts forecast that Flux Power will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in Flux Power during the 4th quarter valued at approximately $83,000. Geode Capital Management LLC raised its position in shares of Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after purchasing an additional 30,546 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Flux Power during the 3rd quarter valued at approximately $72,000. State Street Corp boosted its stake in shares of Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after buying an additional 14,000 shares during the last quarter. Finally, Formidable Asset Management LLC grew its position in shares of Flux Power by 0.4% during the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after buying an additional 13,899 shares in the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.