Flux Power (NASDAQ:FLUX) Announces Earnings Results

Flux Power (NASDAQ:FLUX) released its earnings results on Thursday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10), FiscalAI reports. The firm had revenue of $13.18 million during the quarter, compared to the consensus estimate of $14.11 million.

Flux Power Stock Down 16.4%

Shares of FLUX stock traded down $0.36 on Friday, reaching $1.84. The company’s stock had a trading volume of 1,131,203 shares, compared to its average volume of 1,058,553. The company has a market capitalization of $30.99 million, a P/E ratio of -4.09 and a beta of 1.90. Flux Power has a 12-month low of $1.15 and a 12-month high of $7.55. The stock’s 50 day simple moving average is $3.76 and its 200-day simple moving average is $2.43.

Institutional Investors Weigh In On Flux Power

A hedge fund recently bought a new stake in Flux Power stock. Virtu Financial LLC purchased a new position in Flux Power Holdings, Inc. (NASDAQ:FLUX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,362 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 0.11% of Flux Power at the end of the most recent reporting period. 37.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research raised Flux Power from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a report on Friday. Finally, Wall Street Zen raised shares of Flux Power from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.00.

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.