Flux Power Holdings, Inc. (NASDAQ:FLUX - Get Free Report) dropped 4.3% during trading on Monday . The stock traded as low as $3.95 and last traded at $4.05. Approximately 73,621 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 79,980 shares. The stock had previously closed at $4.23.
Wall Street Analyst Weigh In
FLUX has been the subject of several recent research reports. Craig Hallum initiated coverage on Flux Power in a research note on Tuesday. They issued a "buy" rating and a $10.00 price objective for the company. Roth Capital reissued a "buy" rating on shares of Flux Power in a research note on Wednesday, March 6th. Finally, Roth Mkm initiated coverage on Flux Power in a research note on Wednesday, March 6th. They issued a "buy" rating and a $10.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $9.67.
Read Our Latest Analysis on Flux Power
Flux Power Trading Up 7.2 %
The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $4.13. The company has a market capitalization of $71.74 million, a PE ratio of -12.06 and a beta of 1.34.
Flux Power (NASDAQ:FLUX - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $18.34 million during the quarter, compared to analysts' expectations of $18.02 million. Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. Analysts predict that Flux Power Holdings, Inc. will post -0.32 EPS for the current year.
Hedge Funds Weigh In On Flux Power
An institutional investor recently bought a new position in Flux Power stock. Victory Capital Management Inc. purchased a new position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,516 shares of the company's stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.08% of Flux Power at the end of the most recent quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.
Flux Power Company Profile
(
Get Free Report)
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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