Flux Power (NASDAQ:FLUX) Stock Rating Lowered by Wall Street Zen

Flux Power (NASDAQ:FLUX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on FLUX. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Flux Power in a report on Friday, November 14th. Finally, Zacks Research downgraded shares of Flux Power from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Flux Power currently has an average rating of “Hold” and a consensus target price of $6.00.

Flux Power Price Performance

Shares of NASDAQ:FLUX opened at $1.37 on Friday. The firm has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $2.39. Flux Power has a one year low of $1.15 and a one year high of $7.55. The company has a market cap of $29.13 million, a price-to-earnings ratio of -3.03 and a beta of 1.73.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share 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. Equities research analysts expect that Flux Power will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Flux Power

A hedge fund recently raised its stake in Flux Power stock. Formidable Asset Management LLC increased its position in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,129,157 shares of the company’s stock after buying an additional 125,043 shares during the quarter. Flux Power accounts for 1.7% of Formidable Asset Management LLC’s portfolio, making the stock its 8th largest position. Formidable Asset Management LLC owned about 18.58% of Flux Power worth $11,703,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.