Flux Power (NASDAQ:FLUX) Rating Lowered to “Hold” at Lake Street Capital

Flux Power (NASDAQ:FLUX) was downgraded by investment analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a report released on Wednesday, Marketbeat reports. They presently have a $1.00 target price on the stock. Lake Street Capital‘s price objective points to a potential upside of 124.01% from the stock’s current price.

A number of other equities analysts have also weighed in on FLUX. Roth Capital set a $1.60 price target on shares of Flux Power in a report on Friday, August 21st. Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1.30.

Flux Power Price Performance

Flux Power stock opened at $0.45 on Wednesday. The firm’s 50-day moving average is $0.50 and its two-hundred day moving average is $0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.30. The stock has a market capitalization of $9.65 million, a P/E ratio of -1.17 and a beta of 1.63. Flux Power has a 12-month low of $0.39 and a 12-month high of $2.72.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Tuesday, November 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The firm had revenue of $6.76 million for the quarter, compared to analyst estimates of $6.25 million. Equities analysts predict that Flux Power will post -0.42 earnings per share for the current year.

Flux Power Company Profile

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.