Flux Power (NASDAQ:FLUX) Trading 5% Higher – What’s Next?

Flux Power Holdings, Inc. (NASDAQ:FLUX) shot up 5% on Thursday . The stock traded as high as $0.5485 and last traded at $0.5380. 159,243 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 82,773 shares. The stock had previously closed at $0.5124.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Roth Capital restated a “buy” rating on shares of Flux Power in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Flux Power in a research note on Friday, May 15th. Finally, Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flux Power presently has an average rating of “Hold”.

Flux Power Stock Performance

The company has a market cap of $11.49 million, a PE ratio of -1.58 and a beta of 1.67. The stock has a 50 day moving average of $0.83 and a 200-day moving average of $1.12.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.11). The firm had revenue of $6.59 million for the quarter, compared to analysts’ expectations of $9.89 million. Flux Power had a negative net margin of 12.48% and a negative return on equity of 502.31%. Equities research analysts forecast that Flux Power Holdings, Inc. will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Flux Power

Large investors have recently bought and sold shares of the company. Formidable Asset Management LLC boosted its position in Flux Power by 0.4% in the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after buying an additional 13,899 shares during the last quarter. State Street Corp raised its position in Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after buying an additional 14,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Flux Power during the 3rd quarter valued at approximately $72,000. Geode Capital Management LLC lifted its stake in Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after acquiring an additional 30,546 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Flux Power in the 4th quarter valued at $64,000. 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.