Flux Power Holdings, Inc. (NASDAQ:FLUX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of research firms have weighed in on FLUX. Wall Street Zen downgraded Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Zacks Research downgraded Flux Power from a “hold” rating to a “strong sell” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Flux Power in a research report on Friday, November 14th.

Institutional Investors Weigh In On Flux Power

A hedge fund recently bought a new stake in Flux Power stock. Virtu Financial LLC bought a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,362 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned 0.11% of Flux Power as of its most recent filing with the Securities and Exchange Commission. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Stock Performance

Shares of FLUX stock opened at $1.42 on Friday. The firm has a fifty day moving average of $1.91 and a 200-day moving average of $2.38. The stock has a market cap of $30.30 million, a price-to-earnings ratio of -3.16 and a beta of 1.57. Flux Power has a 52-week low of $1.15 and a 52-week high of $7.55.

Flux Power (NASDAQ:FLUX) last issued its 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 analyst estimates of $14.11 million. On average, sell-side analysts predict that Flux Power will post -0.16 earnings per share for the current year.

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.