Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Lisa Walters-Hoffert Sells 5,909 Shares

Flux Power Holdings, Inc. (NASDAQ:FLUX - Get Free Report) Director Lisa Walters-Hoffert sold 5,909 shares of the firm's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $4.03, for a total value of $23,813.27. Following the completion of the transaction, the director now owns 26,058 shares of the company's stock, valued at approximately $105,013.74. The sale was disclosed in a document filed with the SEC, which is available through this link.

Flux Power Stock Performance

Shares of FLUX traded up $0.29 during mid-day trading on Tuesday, hitting $4.34. 67,176 shares of the company's stock were exchanged, compared to its average volume of 79,815. Flux Power Holdings, Inc. has a 52 week low of $2.97 and a 52 week high of $5.86. The stock's 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.13. The firm has a market cap of $71.74 million, a price-to-earnings ratio of -11.94 and a beta of 1.34. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.03.

Flux Power (NASDAQ:FLUX - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The company had revenue of $18.34 million for the quarter, compared to analysts' expectations of $18.02 million. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. On average, equities research analysts expect that Flux Power Holdings, Inc. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FLUX shares. Roth Mkm started coverage on shares of Flux Power in a research note on Wednesday, March 6th. They issued a "buy" rating and a $10.00 target price for the company. Roth Capital restated a "buy" rating on shares of Flux Power in a research report on Wednesday, March 6th. Finally, Craig Hallum assumed coverage on shares of Flux Power in a research report on Tuesday. They set a "buy" rating and a $10.00 price objective for the company. Five 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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flux Power stock. B. Riley Wealth Advisors Inc. boosted its position in Flux Power Holdings, Inc. (NASDAQ:FLUX - Free Report) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,100 shares of the company's stock after acquiring an additional 9,484 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.39% of Flux Power worth $221,000 at the end of the most recent reporting period. 37.96% of the stock is 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.