Flux Power Holdings, Inc. (NASDAQ:FLUX) Given Average Rating of “Buy” by Brokerages

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUXGet Free Report) have earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

FLUX has been the topic of a number of research analyst reports. Maxim Group reduced their price target on shares of Flux Power from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Craig Hallum lowered their price target on Flux Power from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Roth Mkm began coverage on Flux Power in a report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 price objective on the stock. Roth Capital reissued a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $15.00 target price on shares of Flux Power in a research report on Tuesday.

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Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLUX. Victory Capital Management Inc. purchased a new position in shares of Flux Power in the fourth quarter valued at $51,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Flux Power by 17.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 64,100 shares of the company’s stock valued at $221,000 after purchasing an additional 9,484 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Flux Power by 14.1% in the first quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock valued at $2,349,000 after purchasing an additional 65,448 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

Flux Power Trading Up 5.0 %

Shares of Flux Power stock opened at $3.38 on Friday. Flux Power has a 1-year low of $2.90 and a 1-year high of $5.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 0.53. The stock has a market cap of $55.87 million, a P/E ratio of -7.86 and a beta of 1.33. The stock’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.23.

Flux Power (NASDAQ:FLUXGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 85.74%. During the same period in the prior year, the company posted ($0.09) EPS. Analysts predict that Flux Power will post -0.32 EPS for the current fiscal 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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