Flux Power (FLUX) Scheduled to Post Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect Flux Power to post earnings of ($0.11) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Thursday, February 8th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The firm had revenue of $18.34 million for the quarter, compared to analyst estimates of $18.02 million. Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. On average, analysts expect Flux Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flux Power Stock Down 0.4 %

Shares of NASDAQ FLUX opened at $4.93 on Wednesday. Flux Power has a 1 year low of $2.97 and a 1 year high of $5.86. The company has a market capitalization of $81.49 million, a price-to-earnings ratio of -13.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 0.53. The business has a 50-day moving average of $4.44 and a two-hundred day moving average of $4.20.

Analyst Upgrades and Downgrades

FLUX has been the subject of a number of research analyst reports. Craig Hallum assumed coverage on Flux Power in a report on Tuesday, April 23rd. They issued a “buy” rating and a $10.00 price target for the company. Roth Mkm initiated coverage on shares of Flux Power in a research report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Roth Capital reissued a “buy” rating on shares of Flux Power in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.67.

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.