Zacks Research Upgrades Flux Power (NASDAQ:FLUX) to Hold

Flux Power (NASDAQ:FLUX) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Roth Capital reissued a “buy” rating on shares of Flux Power in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Flux Power Stock Performance

FLUX opened at $0.73 on Tuesday. The stock has a market capitalization of $15.56 million, a PE ratio of -2.14 and a beta of 1.67. The stock’s 50 day moving average price is $0.98 and its 200-day moving average price is $1.21. Flux Power has a 52-week low of $0.72 and a 52-week high of $7.55.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The company 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%. Research analysts forecast that Flux Power will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Flux Power during the fourth quarter valued at $152,000. Renaissance Technologies LLC purchased a new stake in shares of Flux Power during the 4th quarter worth approximately $83,000. JGP Wealth Management LLC purchased a new stake in Flux Power during the fourth quarter valued at $74,000. XTX Topco Ltd bought a new position in shares of Flux Power in the 4th quarter valued at about $64,000. Finally, Geode Capital Management LLC lifted its stake in shares of Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after purchasing an additional 30,546 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

About Flux Power

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.