Flux Power (NASDAQ:FLUX) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum began coverage on shares of Flux Power (NASDAQ:FLUX) in a note issued to investors on Tuesday, Benzinga reports. The firm set a “buy” rating and a $10.00 price target on the stock. Craig Hallum’s price target points to a potential upside of 134.74% from the stock’s current price.

A number of other research analysts also recently weighed in on FLUX. Roth Mkm began coverage on shares of Flux Power in a research report on Wednesday, March 6th. They set a “buy” rating and a $10.00 target price for the company. Roth Capital restated a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Flux Power presently has an average rating of “Buy” and a consensus target price of $9.67.

Flux Power Stock Down 1.8 %

Flux Power stock opened at $4.26 on Tuesday. Flux Power has a twelve month low of $2.97 and a twelve month high of $5.86. The firm has a 50 day moving average price of $4.55 and a 200-day moving average price of $4.13. The company has a market capitalization of $70.42 million, a P/E ratio of -11.83 and a beta of 1.33. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.03.

Flux Power (NASDAQ:FLUX) last released its earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. The firm had revenue of $18.34 million during the quarter, compared to the consensus estimate of $18.02 million. As a group, equities analysts predict that Flux Power will post -0.32 EPS for the current year.

Institutional Trading of Flux Power

An institutional investor recently raised its position in Flux Power stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) by 17.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,100 shares of the company’s stock after buying an additional 9,484 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.39% of Flux Power worth $221,000 at the end of the most recent quarter. 37.96% of the stock is currently owned by institutional investors.

Flux Power Company Profile

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.