Flux Power (FLUX) Projected to Post Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $14.03 million for the quarter.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Wednesday, January 29th. The company reported ($0.17) earnings per share for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. On average, analysts expect Flux Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flux Power Stock Down 2.3 %

FLUX stock opened at $1.69 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $1.74 and its 200 day moving average is $2.53. The stock has a market cap of $28.19 million, a price-to-earnings ratio of -3.31 and a beta of 1.12. Flux Power has a 1-year low of $1.55 and a 1-year high of $5.86.

Wall Street Analyst Weigh In

Separately, Maxim Group cut their target price on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flux Power has an average rating of “Buy” and a consensus price target of $9.00.

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.