Flux Power (NASDAQ:FLUX) Stock Price Down 4.3%

Flux Power Holdings, Inc. (NASDAQ:FLUX)’s share price was down 4.3% during mid-day trading on Monday . The company traded as low as $3.95 and last traded at $4.05. Approximately 73,621 shares changed hands during trading, a decline of 8% from the average daily volume of 79,980 shares. The stock had previously closed at $4.23.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FLUX shares. Roth Mkm started coverage on shares of Flux Power in a research note on Wednesday, March 6th. They set a “buy” rating and a $10.00 price objective on the stock. Craig Hallum initiated coverage on shares of Flux Power in a report on Tuesday. They issued a “buy” rating and a $10.00 target price for the company. Finally, Roth Capital reissued a “buy” rating on shares of Flux Power in a report on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Flux Power currently has an average rating of “Buy” and an average price target of $9.67.

Flux Power Trading Down 1.8 %

The firm has a market capitalization of $70.42 million, a price-to-earnings ratio of -11.83 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $4.55 and its 200 day moving average is $4.13.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $18.34 million for the quarter, compared to the consensus estimate of $18.02 million. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. On average, equities analysts predict that Flux Power Holdings, Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Flux Power stock. Victory Capital Management Inc. bought a new position in Flux Power Holdings, Inc. (NASDAQ:FLUX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,516 shares of the company’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned approximately 0.08% of Flux Power at the end of the most recent reporting period. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Company Profile

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.