Flux Power Holdings, Inc. (NASDAQ:FLUX) Receives $9.50 Average Target Price from Brokerages

Flux Power Holdings, Inc. (NASDAQ:FLUXGet Free Report) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $9.50.

A number of equities research analysts recently issued reports on FLUX shares. HC Wainwright reissued a “buy” rating and set a $15.00 price target on shares of Flux Power in a research note on Tuesday, May 14th. Maxim Group dropped their price objective on Flux Power from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Roth Capital restated a “buy” rating on shares of Flux Power in a report on Wednesday, March 6th. Roth Mkm began coverage on Flux Power in a report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Craig Hallum cut their price target on Flux Power from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, May 10th.

Get Our Latest Report on FLUX

Flux Power Stock Down 2.1 %

NASDAQ FLUX opened at $2.86 on Tuesday. The company has a fifty day moving average of $4.02 and a two-hundred day moving average of $4.18. The firm has a market capitalization of $47.70 million, a price-to-earnings ratio of -6.65 and a beta of 1.22. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. Flux Power has a 52 week low of $2.79 and a 52 week high of $5.86.

Flux Power (NASDAQ:FLUXGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Flux Power had a negative net margin of 11.03% and a negative return on equity of 93.71%. The firm had revenue of $14.46 million for the quarter, compared to the consensus estimate of $16.02 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, analysts predict that Flux Power will post -0.48 earnings per share for the current year.

Insider Activity at Flux Power

In other news, Director Michael Johnson sold 16,453 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $3.32, for a total value of $54,623.96. Following the completion of the sale, the director now owns 4,322,557 shares of the company’s stock, valued at approximately $14,350,889.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 22,896 shares of company stock valued at $80,840 over the last 90 days. Insiders own 28.70% of the company’s stock.

Hedge Funds Weigh In On Flux Power

Several hedge funds and other institutional investors have recently modified their holdings of FLUX. Victory Capital Management Inc. purchased a new stake in shares of Flux Power in the 4th quarter valued at $51,000. B. Riley Wealth Advisors Inc. grew its position in Flux Power by 17.4% during the 3rd 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 during the period. Finally, Vanguard Group Inc. raised its stake in shares of Flux Power by 14.1% during the 1st quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock valued at $2,349,000 after buying an additional 65,448 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

Flux Power Company Profile

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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.

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Analyst Recommendations for Flux Power (NASDAQ:FLUX)

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