Flux Power (NASDAQ:FLUX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Flux Power (NASDAQ:FLUX) released its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01, FiscalAI reports. The business had revenue of $8.25 million during the quarter, compared to the consensus estimate of $7.94 million. Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%.

Flux Power Trading Up 15.5%

Shares of Flux Power stock traded up $0.11 during trading hours on Thursday, reaching $0.82. 6,497,829 shares of the company’s stock were exchanged, compared to its average volume of 208,924. Flux Power has a 52-week low of $0.47 and a 52-week high of $7.55. The company has a fifty day moving average of $0.71 and a 200-day moving average of $1.03. The firm has a market capitalization of $17.52 million, a price-to-earnings ratio of -2.41 and a beta of 1.72.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Roth Capital restated a “buy” rating on shares of Flux Power in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Flux Power in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in Flux Power during the fourth quarter valued at about $152,000. Renaissance Technologies LLC purchased a new position in shares of Flux Power in the 4th quarter worth about $83,000. XTX Topco Ltd acquired a new position in shares of Flux Power in the 4th quarter valued at about $64,000. Geode Capital Management LLC grew its holdings in shares of Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after purchasing an additional 30,546 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Flux Power during the 3rd quarter worth about $72,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.