Flux Power (FLUX) Expected to Announce Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is anticipated to issue its results after the market closes on Thursday, February 12th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $15.5490 million for the quarter.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings results 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 firm had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $14.11 million. On average, analysts expect Flux Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flux Power Trading Up 10.2%

Shares of FLUX opened at $1.19 on Friday. The firm has a market capitalization of $25.39 million, a P/E ratio of -2.64 and a beta of 1.55. The firm has a 50-day moving average price of $1.45 and a 200 day moving average price of $2.32. Flux Power has a 12-month low of $1.06 and a 12-month high of $7.55.

Institutional Trading of Flux Power

An institutional investor recently bought a new position in Flux Power stock. Virtu Financial LLC acquired a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter. 37.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on FLUX shares. Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Wall Street Zen lowered Flux Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Roth Mkm reiterated a “buy” rating on shares of Flux Power in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.00.

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.