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

Flux Power Holdings, Inc. (NASDAQ:FLUX) has received a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of research analysts have issued reports on FLUX shares. Zacks Research lowered shares of Flux Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Wall Street Zen lowered shares of Flux Power from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, November 14th.

Flux Power Stock Performance

Flux Power stock opened at $1.61 on Tuesday. The stock has a market cap of $34.36 million, a PE ratio of -3.58 and a beta of 1.73. The stock has a 50-day moving average of $3.43 and a two-hundred day moving average of $2.41. Flux Power has a one year low of $1.15 and a one year high of $7.55.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.10). The firm had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $14.11 million. As a group, sell-side analysts predict that Flux Power will post -0.16 EPS for the current fiscal year.

Institutional Trading of Flux Power

Several large investors have recently made changes to their positions in FLUX. Virtu Financial LLC acquired a new position in shares of Flux Power during the 3rd quarter worth approximately $72,000. Formidable Asset Management LLC grew its stake in Flux Power by 4.2% in the 3rd quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock valued at $11,703,000 after acquiring an additional 125,043 shares during the period. Finally, XTX Topco Ltd increased its holdings in Flux Power by 65.7% in the 1st quarter. XTX Topco Ltd now owns 16,929 shares of the company’s stock worth $29,000 after acquiring an additional 6,710 shares in the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

About Flux Power

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.