Flux Power Holdings, Inc. (NASDAQ:FLUX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.00.

A number of research analysts have issued reports on the stock. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Wall Street Zen upgraded Flux Power from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised shares of Flux Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flux Power stock. Formidable Asset Management LLC increased its holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 14.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,004,114 shares of the company’s stock after purchasing an additional 388,889 shares during the quarter. Flux Power accounts for about 0.9% of Formidable Asset Management LLC’s holdings, making the stock its 19th largest holding. Formidable Asset Management LLC owned 17.92% of Flux Power worth $5,167,000 as of its most recent SEC filing. 37.96% of the stock is owned by institutional investors and hedge funds.

Flux Power Trading Down 16.4%

Shares of FLUX stock traded down $0.36 during trading hours on Friday, reaching $1.84. 1,130,328 shares of the company’s stock were exchanged, compared to its average volume of 266,913. The company has a market cap of $30.99 million, a price-to-earnings ratio of -4.60 and a beta of 1.90. Flux Power has a fifty-two week low of $1.15 and a fifty-two week high of $7.55. The stock’s 50 day moving average is $3.76 and its 200-day moving average is $2.43.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.10). The company had revenue of $13.18 million during the quarter, compared to the consensus estimate of $14.11 million. Equities analysts anticipate that Flux Power will post -0.16 EPS for the current year.

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.