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

Flux Power Holdings, Inc. (NASDAQ:FLUX) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.00.

FLUX has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Roth Mkm reiterated a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Wall Street Zen downgraded Flux Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th.

Flux Power Price Performance

Shares of Flux Power stock opened at $1.45 on Wednesday. The stock has a market cap of $30.94 million, a PE ratio of -3.22 and a beta of 1.57. The firm has a fifty day moving average price of $1.50 and a 200 day moving average price of $2.36. Flux Power has a 1 year low of $1.15 and a 1 year high of $7.55.

Flux Power (NASDAQ:FLUX) last announced 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 business had revenue of $13.18 million during the quarter, compared to the consensus estimate of $14.11 million. As a group, equities analysts expect that Flux Power will post -0.16 EPS for the current year.

Institutional Trading of Flux Power

A number of hedge funds have recently bought and sold shares of FLUX. Virtu Financial LLC acquired a new position in shares of Flux Power during the 3rd quarter worth approximately $72,000. JGP Wealth Management LLC acquired a new position in Flux Power during the fourth quarter worth $74,000. Finally, Formidable Asset Management LLC grew its holdings 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 buying an additional 125,043 shares in the last quarter. Institutional investors and hedge funds own 37.96% of the company’s stock.

About Flux Power

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.