Flux Power (NASDAQ:FLUX) Issues Quarterly Earnings Results

Flux Power (NASDAQ:FLUX) announced its quarterly earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, meeting the consensus estimate of ($0.14), FiscalAI reports. Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The business had revenue of $6.76 million during the quarter, compared to analysts’ expectations of $6.25 million.

Flux Power Trading Down 1.7%

FLUX stock traded down $0.01 on Tuesday, reaching $0.45. The company’s stock had a trading volume of 157,325 shares, compared to its average volume of 1,104,064. The firm has a market cap of $9.65 million, a PE ratio of -1.17 and a beta of 1.65. The business has a fifty day simple moving average of $0.51 and a two-hundred day simple moving average of $0.92. Flux Power has a 12-month low of $0.39 and a 12-month high of $2.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.03.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Roth Capital set a $1.60 price target on Flux Power in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Flux Power presently has a consensus rating of “Hold” and a consensus target price of $1.60.

About Flux Power

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.