FY2024 Earnings Estimate for Flux Power Holdings, Inc. Issued By HC Wainwright (NASDAQ:FLUX)

Flux Power Holdings, Inc. (NASDAQ:FLUX) – Research analysts at HC Wainwright dropped their FY2024 earnings per share (EPS) estimates for Flux Power in a research report issued on Tuesday, May 14th. HC Wainwright analyst A. Dayal now forecasts that the company will earn ($0.46) per share for the year, down from their previous forecast of ($0.31). HC Wainwright currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for Flux Power’s current full-year earnings is ($0.32) per share. HC Wainwright also issued estimates for Flux Power’s Q4 2024 earnings at ($0.12) EPS and FY2025 earnings at ($0.19) EPS.

FLUX has been the topic of several other reports. Roth Mkm began coverage on shares of Flux Power in a research report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 price objective on the stock. Craig Hallum cut their target price on Flux Power from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Maxim Group cut their target price on Flux Power from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Roth Capital reissued a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $9.50.

Flux Power Stock Down 3.6 %

FLUX stock opened at $3.26 on Thursday. 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’s 50 day moving average is $4.36 and its 200 day moving average is $4.23. The stock has a market cap of $53.89 million, a price-to-earnings ratio of -7.58 and a beta of 1.33. Flux Power has a 1-year low of $2.90 and a 1-year high of $5.86.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $14.46 million during the quarter, compared to the consensus estimate of $16.02 million. Flux Power had a negative return on equity of 85.74% and a negative net margin of 11.03%. During the same quarter last year, the company posted ($0.09) earnings per share.

Hedge Funds Weigh In On Flux Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new position in shares of Flux Power during the fourth quarter valued at approximately $51,000. B. Riley Wealth Advisors Inc. raised its holdings 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 worth $221,000 after purchasing an additional 9,484 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Flux Power by 14.1% in the first quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock worth $2,349,000 after purchasing an additional 65,448 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

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.