Flux Power (NASDAQ:FLUX) Receives New Coverage from Analysts at Craig Hallum

Stock analysts at Craig Hallum assumed coverage on shares of Flux Power (NASDAQ:FLUX - Get Free Report) in a research note issued on Tuesday, Benzinga reports. The brokerage set a "buy" rating and a $10.00 price target on the stock. Craig Hallum's target price would indicate a potential upside of 130.41% from the company's previous close.

FLUX has been the subject of several other research reports. Roth Mkm began coverage on shares of Flux Power in a report on Wednesday, March 6th. They set a "buy" rating and a $10.00 price target for the company. Roth Capital reissued a "buy" rating on shares of Flux Power in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $9.67.

Flux Power Stock Up 7.2 %

NASDAQ:FLUX traded up $0.29 during trading hours on Tuesday, hitting $4.34. The stock had a trading volume of 67,176 shares, compared to its average volume of 79,815. 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 $2.97 and a 1-year high of $5.86. The business has a 50 day simple moving average of $4.56 and a two-hundred day simple moving average of $4.13. The company has a market cap of $71.74 million, a PE ratio of -11.94 and a beta of 1.34.

Flux Power (NASDAQ:FLUX - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. The business had revenue of $18.34 million during the quarter, compared to the consensus estimate of $18.02 million. Analysts predict that Flux Power will post -0.32 EPS for the current year.

Institutional Trading of Flux Power

An institutional investor recently raised its position in Flux Power stock. B. Riley Wealth Advisors Inc. grew its stake in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX - Free Report) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,100 shares of the company's stock after buying an additional 9,484 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.39% of Flux Power worth $221,000 as of its most recent filing with the Securities and Exchange Commission. 37.96% of the stock is currently owned by institutional investors.

About Flux Power

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.