Flux Power (NASDAQ:FLUX) Stock Rating Upgraded by Zacks Research

Key Points

• Flux Power was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating increased investor confidence.
• Despite the upgrade, Weiss Ratings maintains a "sell (d-)" rating for Flux Power, highlighting mixed analyst sentiment on the stock.
• The company's stock has shown significant volatility, with a one-year low of $1.15 and a one-year high of $5.15, currently trading at around $4.87.

Flux Power (NASDAQ:FLUX - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on FLUX. Weiss Ratings restated a "sell (d-)" rating on shares of Flux Power in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Flux Power to a "hold" rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $6.00.

Flux Power Price Performance

NASDAQ:FLUX opened at $4.87 on Monday. The firm has a 50-day moving average of $2.27 and a 200-day moving average of $1.91. The company has a market cap of $82.01 million, a PE ratio of -12.17 and a beta of 1.91. Flux Power has a one year low of $1.15 and a one year high of $5.15.

Institutional Trading of Flux Power

Several hedge funds and other institutional investors have recently modified their holdings of FLUX. Millennium Management LLC bought a new stake in shares of Flux Power in the fourth quarter valued at approximately $27,000. Formidable Asset Management LLC increased its holdings in Flux Power by 14.9% during the 1st quarter. Formidable Asset Management LLC now owns 3,004,114 shares of the company's stock worth $5,167,000 after acquiring an additional 388,889 shares during the period. Finally, XTX Topco Ltd increased its holdings in Flux Power by 65.7% during 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 during the period. Institutional investors own 37.96% of the company's stock.

Flux Power Company Profile

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.

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