Flux Power (NASDAQ:FLUX) Rating Lowered to Strong Sell at Zacks Research

Flux Power (NASDAQ:FLUX) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on FLUX. Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Flux Power from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Flux Power Price Performance

NASDAQ:FLUX opened at $1.04 on Wednesday. The firm has a market cap of $22.21 million, a price-to-earnings ratio of -3.06 and a beta of 1.72. The company has a 50 day moving average price of $1.21 and a 200-day moving average price of $1.52. Flux Power has a 1-year low of $0.91 and a 1-year high of $7.55.

Flux Power (NASDAQ:FLUX) last posted its 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%. On average, sell-side analysts anticipate that Flux Power will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Flux Power

In related news, Director Michael Johnson sold 65,510 shares of Flux Power stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $1.27, for a total value of $83,197.70. Following the sale, the director owned 4,061,799 shares of the company’s stock, valued at approximately $5,158,484.73. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.00% of the company’s stock.

Institutional Investors Weigh In On Flux Power

A number of institutional investors have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC grew its stake in Flux Power by 0.4% in the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after acquiring an additional 13,899 shares during the period. State Street Corp grew its stake in Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares during the period. Virtu Financial LLC acquired a new stake in Flux Power during the 3rd quarter worth $72,000. Geode Capital Management LLC boosted 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 worth $215,000 after purchasing an additional 30,546 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Flux Power during the 4th quarter worth $64,000. Institutional investors and hedge funds 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.