Brokerages Set Flux Power Holdings, Inc. (NASDAQ:FLUX) PT at $6.00

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.00.

FLUX has been the subject of several recent research reports. Roth Mkm reiterated a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen cut shares of Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Flux Power in a research report on Thursday, January 22nd.

Flux Power Trading Down 6.4%

FLUX opened at $1.32 on Wednesday. Flux Power has a twelve month low of $1.15 and a twelve month high of $7.55. The firm has a market cap of $28.17 million, a price-to-earnings ratio of -2.93 and a beta of 1.57. The company has a fifty day simple moving average of $1.49 and a 200 day simple moving average of $2.35.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Flux Power in the 3rd quarter worth approximately $72,000. JGP Wealth Management LLC bought a new stake in Flux Power during the 4th quarter worth about $74,000. Finally, Formidable Asset Management LLC raised its stake 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 worth $11,703,000 after buying an additional 125,043 shares during the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

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.