Flux Power Holdings, Inc. (NASDAQ:FLUX) Given Average Recommendation of "Buy" by Analysts

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX - Get Free Report) have received an average rating of "Buy" from the six brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.67.

FLUX has been the subject of a number of recent analyst reports. Roth Capital restated a "buy" rating on shares of Flux Power in a research note on Wednesday, March 6th. Roth Mkm initiated coverage on Flux Power in a research note on Wednesday, March 6th. They set a "buy" rating and a $10.00 price objective for the company. Maxim Group lowered their price objective on Flux Power from $9.00 to $6.00 and set a "buy" rating for the company in a research note on Friday. Finally, Craig Hallum lowered their price objective on Flux Power from $10.00 to $7.00 and set a "buy" rating for the company in a research note on Friday.

Flux Power Trading Down 25.3 %

Shares of Flux Power stock traded down $1.16 during trading hours on Friday, reaching $3.42. The stock had a trading volume of 589,407 shares, compared to its average volume of 82,101. The firm has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $4.22. The firm has a market capitalization of $56.53 million, a price-to-earnings ratio of -9.50 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. Flux Power has a 1 year low of $2.90 and a 1 year high of $5.86.

Flux Power (NASDAQ:FLUX - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. The firm had revenue of $14.46 million during the quarter, compared to analysts' expectations of $16.02 million. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, equities research analysts anticipate that Flux Power will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On Flux Power

A number of hedge funds have recently modified their holdings of FLUX. B. Riley Wealth Advisors Inc. grew its stake in Flux Power by 17.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 64,100 shares of the company's stock valued at $221,000 after purchasing an additional 9,484 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Flux Power during the 4th quarter worth about $51,000. Finally, Vanguard Group Inc. boosted its stake in shares of Flux Power by 14.1% during the 1st quarter. Vanguard Group Inc. now owns 530,317 shares of the company's stock worth $2,349,000 after acquiring an additional 65,448 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.

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.