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

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Lisa Walters-Hoffert sold 5,909 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $4.03, for a total value of $23,813.27. Following the sale, the director now owns 26,058 shares of the company’s stock, valued at $105,013.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Flux Power Trading Up 7.2 %

Shares of Flux Power stock opened at $4.34 on Wednesday. The stock has a market cap of $71.74 million, a P/E ratio of -12.06 and a beta of 1.34. The stock’s 50 day simple moving average is $4.56 and its 200-day simple moving average is $4.13. Flux Power Holdings, Inc. has a 1-year low of $2.97 and a 1-year high of $5.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 0.53.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. The firm had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million. Analysts predict that Flux Power Holdings, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flux Power stock. B. Riley Wealth Advisors Inc. boosted its holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 17.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,100 shares of the company’s stock after acquiring an additional 9,484 shares during the period. 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 and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Craig Hallum initiated coverage on Flux Power in a research note on Tuesday. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital restated a “buy” rating on shares of Flux Power in a report on Wednesday, March 6th. Finally, Roth Mkm initiated coverage on Flux Power in a report on Wednesday, March 6th. They set a “buy” rating and a $10.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flux Power has an average rating of “Buy” and an average price target 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.