Flux Power Holdings, Inc. (NASDAQ:FLUX) Stock Rated “Hold” by Wall Street Brokerages

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have been given a consensus rating of “Hold” by the four brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1.30.

A number of equities analysts recently weighed in on the stock. Roth Capital set a $1.60 target price on shares of Flux Power in a report on Friday, August 21st. Lake Street Capital downgraded shares of Flux Power from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a research report on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th.

Flux Power Stock Down 4.1%

Shares of NASDAQ:FLUX traded down $0.02 during midday trading on Wednesday, reaching $0.43. 50,254 shares of the company were exchanged, compared to its average volume of 1,099,319. The firm has a market cap of $9.25 million, a PE ratio of -1.13 and a beta of 1.63. Flux Power has a fifty-two week low of $0.39 and a fifty-two week high of $2.57. The stock has a fifty day simple moving average of $0.50 and a two-hundred day simple moving average of $0.92. The company has a quick ratio of 0.30, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Flux Power (NASDAQ:FLUX) last released its earnings results on Tuesday, November 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). Flux Power had a negative return on equity of 231.21% and a negative net margin of 17.68%. The firm had revenue of $6.76 million during the quarter, compared to analysts’ expectations of $6.25 million. As a group, sell-side analysts forecast that Flux Power will post -0.42 earnings per share for the current year.

Flux Power Company Profile

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.