Flux Power (NASDAQ:FLUX) Upgraded at Zacks Research

Zacks Research upgraded shares of Flux Power (NASDAQ:FLUX) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on FLUX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Wall Street Zen upgraded Flux Power from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flux Power currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Flux Power Stock Performance

NASDAQ:FLUX opened at $1.52 on Tuesday. The stock has a market cap of $32.44 million, a price-to-earnings ratio of -4.90 and a beta of 1.55. Flux Power has a 1 year low of $1.01 and a 1 year high of $7.55. The business has a fifty day moving average of $1.39 and a 200-day moving average of $2.28.

Flux Power (NASDAQ:FLUX) last released its earnings results on Thursday, February 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million for the quarter, compared to analyst estimates of $15.55 million. On average, equities research analysts predict that Flux Power will post -0.16 EPS for the current year.

Institutional Trading of Flux Power

Several large investors have recently made changes to their positions in FLUX. Formidable Asset Management LLC increased its holdings in shares of Flux Power by 4.2% during the third quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock valued at $11,703,000 after acquiring an additional 125,043 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Flux Power during the 4th quarter worth approximately $152,000. Renaissance Technologies LLC purchased a new position in shares of Flux Power in the 4th quarter worth approximately $83,000. JGP Wealth Management LLC purchased a new position in shares of Flux Power in the 4th quarter worth approximately $74,000. Finally, XTX Topco Ltd bought a new position in shares of Flux Power in the fourth quarter valued at approximately $64,000. 37.96% of the stock is currently owned by institutional investors and hedge funds.

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.