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

Flux Power (NASDAQ:FLUX) is expected to post its results after the market closes on Thursday, February 12th. Analysts expect Flux Power to post earnings of ($0.07) per share and revenue of $15.5490 million for the quarter.

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 company had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $14.11 million. 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 Trading Up 10.2%

Shares of NASDAQ:FLUX opened at $1.19 on Friday. Flux Power has a 52 week low of $1.06 and a 52 week high of $7.55. The company’s 50 day moving average is $1.45 and its two-hundred day moving average is $2.32. The company has a market cap of $25.39 million, a PE ratio of -2.64 and a beta of 1.55.

Analysts Set New Price Targets

FLUX has been the topic of several recent analyst reports. Wall Street Zen lowered Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Roth Mkm reissued a “buy” rating on shares of Flux Power in a research report on Friday, November 14th. Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Flux Power presently has an average rating of “Hold” and a consensus target price of $8.00.

Institutional Trading of Flux Power

A hedge fund recently bought a new stake in Flux Power stock. Virtu Financial LLC purchased a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,362 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 0.11% of Flux Power at the end of the most recent reporting period. 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.