Flux Power Holdings, Inc. (NASDAQ:FLUX) Receives Average Rating of “Buy” from Analysts

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUXGet Free Report) have been assigned an average rating of “Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.50.

Several equities research analysts recently commented on FLUX shares. Craig Hallum reduced their price target on shares of Flux Power from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Maxim Group cut their target price on shares of Flux Power from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Roth Capital reiterated a “buy” rating on shares of Flux Power in a research report on Wednesday, March 6th. Roth Mkm started coverage on shares of Flux Power in a research report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 target price for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $15.00 target price on shares of Flux Power in a research report on Tuesday, May 14th.

Get Our Latest Research Report on FLUX

Insider Activity

In other news, Director Michael Johnson sold 16,453 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $3.32, for a total transaction of $54,623.96. Following the transaction, the director now owns 4,322,557 shares in the company, valued at approximately $14,350,889.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 22,896 shares of company stock worth $80,840. 28.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new position in shares of Flux Power during the 4th quarter valued at $51,000. B. Riley Wealth Advisors Inc. grew its stake in Flux Power by 17.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 64,100 shares of the company’s stock valued at $221,000 after buying an additional 9,484 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Flux Power by 14.1% in the 1st quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock valued at $2,349,000 after buying an additional 65,448 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

Flux Power Stock Up 2.5 %

Shares of NASDAQ:FLUX opened at $2.87 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.42 and a current ratio of 1.10. The company has a market cap of $47.87 million, a PE ratio of -6.67 and a beta of 1.23. Flux Power has a 52 week low of $2.79 and a 52 week high of $5.86. The firm has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.17.

Flux Power (NASDAQ:FLUXGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $16.02 million. Flux Power had a negative net margin of 11.03% and a negative return on equity of 93.71%. During the same quarter last year, the company posted ($0.09) EPS. As a group, research analysts expect that Flux Power will post -0.48 earnings per share for the current year.

Flux Power Company Profile

(Get Free Report

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.

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Analyst Recommendations for Flux Power (NASDAQ:FLUX)

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