Flux Power (NASDAQ:FLUX) Posts Earnings Results, Beats Expectations By $0.01 EPS

Flux Power (NASDAQ:FLUX) posted its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01, FiscalAI reports. The business had revenue of $8.25 million for the quarter, compared to analyst estimates of $7.94 million. Flux Power had a negative net margin of 12.48% and a negative return on equity of 502.31%.

Flux Power Stock Up 15.5%

Flux Power stock traded up $0.11 during trading hours on Thursday, hitting $0.82. The stock had a trading volume of 9,899,057 shares, compared to its average volume of 208,924. The business’s 50 day simple moving average is $0.71 and its 200-day simple moving average is $1.03. Flux Power has a one year low of $0.47 and a one year high of $7.55. The stock has a market cap of $17.52 million, a price-to-earnings ratio of -2.41 and a beta of 1.72.

Analyst Upgrades and Downgrades

Several brokerages have commented on FLUX. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a report on Friday, May 8th. Finally, Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in shares of Flux Power during the fourth quarter valued at $152,000. Renaissance Technologies LLC bought a new stake in shares of Flux Power in the fourth quarter worth $83,000. XTX Topco Ltd bought a new stake in shares of Flux Power in the fourth quarter worth $64,000. Geode Capital Management LLC increased its holdings in Flux Power by 22.0% in the fourth 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 during the period. Finally, Virtu Financial LLC acquired a new stake in Flux Power in the third quarter valued at $72,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Flux Power Company Profile

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.