Flux Power Holdings, Inc. (NASDAQ:FLUX) Given Consensus Rating of “Hold” by Brokerages

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.00.

Several analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Zacks Research cut Flux Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Wall Street Zen lowered Flux Power from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th.

Institutional Investors Weigh In On Flux Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd grew its stake in Flux Power by 65.7% in the first quarter. XTX Topco Ltd now owns 16,929 shares of the company’s stock valued at $29,000 after purchasing an additional 6,710 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Flux Power in the 3rd quarter valued at about $72,000. Finally, Formidable Asset Management LLC grew its position in shares of Flux Power by 4.2% in the 3rd quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock worth $11,703,000 after buying an additional 125,043 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

Flux Power Price Performance

Shares of FLUX opened at $1.61 on Tuesday. The stock has a market capitalization of $34.36 million, a price-to-earnings ratio of -3.58 and a beta of 1.73. Flux Power has a 1 year low of $1.15 and a 1 year high of $7.55. The business’s 50 day simple moving average is $3.43 and its 200-day simple moving average is $2.41.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.10). The business had revenue of $13.18 million during the quarter, compared to the consensus estimate of $14.11 million. On average, sell-side analysts expect that Flux Power will post -0.16 earnings per share for the current year.

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.